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Danube Plans Dh250m Investment in 2009

DUBAI - Danube Building Materials has planned to invest over Dh250 million in 2009 for the expansion, said its Chairman Rizwan Sajan.

Sajan, speaking to Khaleej Times, said, “The leader in construction and building materials to invest further in its core business next year.”

The company has fixed its next year sales revenue target around Dh1.5 billion. It has already generated Dh1.1 billion revenues in 2008 and expects 30 per cent growth in 2009.

“In spite of the recession, we aim to maintain a healthy growth in 2009 with the strong fundamentals we have acquired through the continuous operations of more than 18 Danube outlets across the GCC,” said Sajan.

For 2009, Danube has charted plans to expand its business by inaugurating its ‘Building Materials Mart’ in Ras Al Khaimah and Bahrain, and a new one-stop shop facility in Saudi Arabia. Despite the current market recession, the building materials company still considers the Middle East region as the market with the most growth potential, and is keen on supplying the rising demand for key products such as steel, MDFs, laminates, timber, glass, aluminium and others.

The UAE is a big market in the region for the consumption of construction material, but we are also planning to target some other Gulf countries in the first quarter of 2009, Sajan told Khaleej Times earlier this month.

“Our vision as the leading supplier and one-stop shop for all building materials is to cater to the requirements of our entire customer base, from individual homeowners to contractors and developers working on mega projects across the region. Even though many of the projects are being shelved in this area, there are still many ongoing projects which should keep us busy for the next 2-3 years and by that time surely, the global economy is expected to recover and businesses will start to rise again,” concluded Sajan.

Danube is currently in the process of recruiting new employees for various departments across different regional offices and branches.

abdulbasit@khaleejtimes.com