Danube opens new retail showroom in Muscat to help address demands of Oman’s emerging property market

Press release
Published February 5th, 2012 - 07:06 GMT
Danube opens the 4th new showroom in Muscat, Oman
Danube opens the 4th new showroom in Muscat, Oman

Danube Building Materials, a leader in construction, building materials and shop fitting industries, has announced the opening of their 4th new showroom in Muscat, Oman, as part of its continuing move to create stronger market presence and help address the demands of the country's emerging property market. The new showroom was inaugurated by Akbar Mustafa Abdul Reda Sultan, Managing Director, Mustafa Sultan Enterprises in the presence of Danube Founder & Chairman Mr. Rizwan Sajan along with other senior officials of Danube Group. The leading company's ongoing expansion initiative complements a recent report from Ventures, a leading international business research and intelligence firm, showing that Oman's construction industry is expected to key in spends of over USD 27 billion by 2014.

Conveniently located along Ruwi's Honda Road wholesale and retail section for building materials, the new Danube showroom measures at around 45,000 square feet, the newly opened branch showcases the latest collection of luxury sanitaryware, Ceramic tiles, chandeliers, Wallpapers, Lawn & Garden accessories, hardware, home decor & range of other building materials.

"We would like to extend our congratulations to the Danube group on the opening of their new showroom in Muscat," said Akbar Mustafa Abdul Reda Sultan, Managing Director, Mustafa Sultan Enterprises. "Danube's reputation as one of the region's premier provider of building materials and home products will surely add merit to the many construction projects that are happening in the country today. Developers and even home owners will find confidence in the assurance that products coming from Danube are of world class standards and quality."

The Ventures report states that mixed use, airports and hotel buildings are the three most active sectors in the Sultanate of Oman, with mixed use making up 30 per cent of the total budgets. Oman's construction industry is forecasted to grow at a compounded annual growth rate (CAGR) of 5.8 per cent starting from 2010 to 2014, with the government being projected to spend around USD 10 billion on construction and infrastructure, which are to be completed by 2015.

"Oman's construction and building segment is strongly emerging as one of the most active in the region, which is ably demonstrated in the presence of major projects across the Sultanate. Aiming to become a major part of this development, we are currently implementing a strategic expansion initiative that will not only consolidate our market presence in the country but also position us as a key provider of world class high quality building materials and home interior products for the Middle East in general and Oman in particular," concluded Rizwan Sajan, Founder and Chairman, Danube.

Background Information

Danube

Established in the year 1993, Danube Group was founded and cultivated under the leadership of Rizwan Sajan, who is the known to be the Founder and Chairman of the Group. Starting off as a small trading firm, the company is moving from strength-to-strength, expanding its foothold in the region, and has established itself as the No. 1 building Materials Company along with other branches under its vast umbrella. In 2015, the company recorded a turnover of AED 5.14 billion and has been growing ever since. Moreover, Rizwan Sajan was ranked 12th among the ‘Top 100 Indian leaders in the UAE’ List by Forbes Middle East.

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