Dubai: Demand for construction material is tipped to soar to Dh33.76 billion ($9.2 billion) in the northern Gulf this year, as the construction boom is driving the growth of materials suppliers.
Danube Building Materials, a leading player in the construction, interior decoration and shop-fitting industry, has announced its regional expansion into Bahrain with an investment of Dh30 million.
The UAE-based company will leverage its comprehensive product portfolio to cater to the demand for construction materials in the region.
Danube's facility, built on a 250,000-square-foot plot in the industrial area of Salmabad, will host the company's products including hardwood, exotic veneer, laminates, aluminium, glass and the latest Fire rated solutions.
"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 Nov-ember 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 Riz-wan Sajan, chairman of 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," added Sajan.
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.
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