Danube invests AED 30 million in Bahrain as
part of regional expansion
Danube Building Materials
FZCO, a leading player in the construction,
interior decoration, and shop-fitting
industry, has announced its regional
expansion into Bahrain with an investment of
AED 30 million. The move comes as demand for
construction materials is expected to soar
to USD 9.2 million in 2007 for the Northern
Gulf region, which includes Bahrain, Saudi
Arabia, Qatar and Kuwait. The UAE-based
company will leverage its comprehensive
product portfolio to cater to the demand for
high-quality and specialized construction
materials in the region.
Danube's state-of-the-art facility, built on
a 250,000 sq. ft. plot in the industrial
area of Salmabad, will host the company's
industry-leading products including
hardwood, exotic veneer, laminates,
aluminium, glass, and the latest Fire rated
solutions. Hardware and sanitary products
from leading international manufacturers
will occupy a significant portion in the
facility, which will also house the dry kiln
services provided by Danube.
"Danube's expansion into Bahrain is part of
our regional growth strategy to exploit high
market demand for our products. We initially
opened a showroom in Salmabad in November
2006, which met with great success owing to
an enormous demand for our products ranging
from hardwood and exotic veneers, hardware,
and sanitary wares, to steel, aluminium and
glass products," said Rizwan Sajan,
Chairman, Danube.
"Extensive demand compelled us to expand and
within a month of opening in Bahrain, we
were able to acquire a new plot for a larger
facility, which would enable our consumers
easier access to an extensive and innovative
selection of products, including the House
of Laminates, which was successfully
launched during the recently concluded Dubai
Woodshow 2007," added Sajan.
The expansion into Bahrain was fuelled by a
demand for Danube's products in addition to
the country's stable industrial and
financial infrastructure, and strategic
location in the Northern Gulf region.
Bahrain serves as a gateway to Saudi Arabia,
which represents a huge potential market;
and the ongoing construction of a bridge
linking Bahrain to Qatar will increase
opportunities for the Doha market as well.
Further, Danube has been successful in
acquiring contracts to supply building
materials in some of Bahrain's major
infrastructure projects including the
Financial Harbour, Durratul Bahrain, City
Centre, Amwaj Islands, King Hamad Hospital,
Fontana Towers, Pearl Towers and the Bahrain
Chamber of Commerce.
"Bahrain offers a major opportunity for us
with its massive infrastructure development,
and its prime location in the Northern Gulf
region. Recent studies have predicted a
surge in the demand for our products in the
region and we are confident of our prospects
with the expansion of our facilities in
Bahrain," concluded Sajan.
Danube Building Materials is a leading
provider of building materials to the
booming construction and real estate sector
in the Middle East. The company is based in
Jebel Ali and has operating offices in Deira,
Salahadin, Abu Dhabi, Al Ain, Sharjah,
Muscat, Bahrain and Doha. Danube has
witnessed consecutive growth over the years
and hit 50 per cent growth in 2006 thus
becoming one of the largest building
materials suppliers in the region. The
company recently had a successful
participation in Dubai Woodshow where it
presented the House of Laminates, the
world's largest collection of laminates.