German multinational bullish on growth prospects in the UAE

The fischer group of companies, a leading German multinational manufacturer known for its fastening products for the construction and DIY industry, expects its UAE business to grow in double digits this year, a senior official said.

“The region hold great promise for fischer with the multitude of construction projects are ongoing and in the pipeline. We have increased our investments by 10 per cent this year and expect to continue this momentum,” Gurol Sevim, managing director, fischer MEA, said on the sideline on company’s second international expert forum, held in Dubai this week. Fischer’s manufacturing facilities in the UAE will also be expanded, he added.

The fischer Group of Companies, headquartered in Waldachtal in Germany’s Northern Black Forest, generated sales of 1.16 billion euros in 2023. The family-owned company has a worldwide staff of about 4,700 employees in 52 companies and exports to about 120 countries. It includes the four divisions fischer fixing systems, fischertechnik, fischer Consulting and fischer Electronic Solutions.

The event brought together industry leaders, partners, and experts to discuss cutting-edge advancements in the construction sector, with a focus on sustainable building practices, innovation, and digital transformation.

Sustainability was a central theme of the forum, with fischer reiterating its dedication to environmentally responsible practices. Attendees were introduced to fischer’s latest initiatives that prioritize eco-friendly construction solutions, which align with global efforts to reduce the environmental footprint of the construction industry.

“We are delighted to host the International Expert Forum in Dubai, a city known for its dynamic growth and vision for the future,” said Dr. Ronald Mihala of the fischer Group of Companies. “At fischer, we are committed to shaping the future of construction through innovation, digitalization, and sustainable practices. This event is a testament to our efforts to lead the industry in creating smarter, more efficient, and eco-friendly construction solutions.”

As a prominent global player in the construction and building materials industry, fischer operates through 52 subsidiaries employing more than 4,700 people worldwide. During the forum, fischer’s leadership highlighted its continued commitment to sustainable growth and its ongoing efforts to expand its presence in international markets.

The forum not only highlighted fischer’s cutting-edge innovations but also emphasized its role as a forward-thinking leader in the construction industry, committed to providing advanced solutions for the challenges of tomorrow.