Better market prospects to emerge as UAE construction market poises for rebound, says Danube
Better market prospects will emerge as the UAE construction market poises for rebound, says Danube Building Materials, the leader in construction, building materials and shop fitting industries. With a recent report from the Dubai Chamber revealing that USD 714.8 billion worth of construction projects are either at design stage or already underway in the UAE, the company is seeking to leverage the anticipated growth in local demand. Following the opening of its 22nd global store in India in July this year, Danube also revealed expansion plans towards Qatar and other parts of Saudi Arabia and Oman, as well as in China.
The report further revealed that over the course of 2010, a large amount of construction and infrastructure projects are due to be awarded. Add to this the increasing activities of construction firms towards breaching new markets, focusing on the public instead of private sector, and forging new partnerships to increase competitiveness, the UAE is regaining its momentum as one of the world's leading construction destinations. With a view to partake in the construction upturn, Danube plans to leverage its 9 existing retail facilities in the country, as well as its latest AED 50 million, 1.3 million square feet manufacturing facility in TechnoPark, which will be functional by early 2011.
"Our confidence in the UAE construction market has never wavered, as indicated by our continuous expansion activities across the country and our investments in growing the presence of 'Danube BUILDMART' in major shopping malls," said Rizwan Sajan, Chairman, Danube Building Materials. "We are pleased that our strong belief in the potential of the UAE market will be rewarded by the positive developments and increasing prospects in the construction industry. Our strategic initiatives during the challenging period of recession have further strengthened our position to leverage the upcoming opportunities."
Danube Building Materials started as a building materials supplier, but has since diversified into a one-stop shop concept called 'Danube BUILDMART' last year. Today, there are a total of 14 global Danube retail facilities - 9 in the UAE, two in Oman, one each in Bahrain, Saudi Arabia and India, in addition to procurement offices in China and Canada. The company has also recently launched an AED 15 million 'Danube BUILDMART' in Ibn Battuta Mall, Dubai, thereby marking its third retail branch to be based within a mall, which is a new concept pioneered by the company.
"The role played by building materials suppliers in the UAE is pivotal in the level of quality, design and aesthetic standards of the iconic projects being built in the country. Herein lies our commitment to our customers – to provide them with the best building materials that will help them achieve their vision for their projects. We are also planning further expansion in the country, especially for our 'Danube BUILDMART' brand, which is steadily building up a reputed name among end-customers across the country," concluded Sajan.