Danube inaugurates new facilities in Ajman and Al Quoz valued at AED 55 million
Danube Building Materials, the leader in construction, building materials and shop fitting industries, has announced the inauguration of two new state-of-the-art facilities in Ajman and Al Quoz, wherein the company invested a total of AED 55 million as part of its regional expansion plans to address the demand for top-quality materials in the region. The new operations hubs will conveniently bring the widest range of products including wood, steel, glass, aluminium, hardware, sanitary, ceiling and flooring closer to local and regional customers.
The AED 30 million facility in Ajman will have a total area of 58,000 square feet and will carry Danube’s most popular products, including wood, steel, aluminium, glass, and flooring. With investments amounting to over USD 93 billion already channelled into the Ajman real estate market in the past two years, Danube has identified the potential of the emirate to become one of the UAE’s construction hotspots. Amidst the strong efforts of the Dubai Municipality towards developing Al Quoz as a world-class industrial destination, the manufacturer has made a decision to invest in a new factory in the area. Spanning a total of 30,000 square feet, the AED 25 million Al Quoz facility underlines the company’s deep resolve to increase its production and further expand across the emirates.
“These new facilities mark a truly important milestone for Danube, as they underline our growth in the UAE, where we have launched our ever-growing operations in the region,” said Rizwan Sajan, Chairman, Danube Building Materials. “As the first company to establish a dedicated facility for high quality construction materials in the UAE, we continue to work towards our goal of providing many multi-billion dirham projects in the Emirates with top-quality materials. Our continuous expansion, in the country as well as in several regional locations, reflects our commitment to support the growth of the regional construction market.”
As a leading provider of construction materials with a strong capacity to identify new opportunities and leverage them to yield considerable returns, Danube has announced plans to invest in a new operation hub in Saudi Arabia. The company has also launched a new steel facility in Bahrain in line with recent industry reports, which indicate a decline in steel prices. This has made a noticeable impact in the prices of steel, which fell by 8 to 31 per cent during the specified period.
“The current developments in the regional construction, real estate and building materials markets are important factors that affect our business strategy, which is why we keep a close watch on the dynamics of these industries. Our capacity to effectively manage our business and leverage unique opportunities in the market has enabled us to find ways to make our production processes more efficient, which lead to higher quality products offered in more competitive prices. Guided by these principles and practices, our goal is to cater to the massive demand for building materials of projects across the Emirates,” concluded Sajan.
- Over 111,000 residential units to be delivered in Dubai and Abu Dhabi by 2011
- Building materials prices expected to rise by 5 per cent in the third quarter of 2008
- Danube generates AED 1.1 billion in sales revenues in 2008
- Danube invests AED 30 million in Bahrain as part of regional expansion
- Wood prices in the Middle East remain stable from July to August