Posted by Neil King
Desso, one of the world's largest carpet companies, has said it is positive about the economic growth prospects of Dubai and the wider Gulf Cooperation Council (GCC) region.
The forecast came as the company confirmed it has recently completed several new projects, including 7,000 square metres of carpet for VIP areas in the 25,000-seater World Cricket Stadium in Dubai and for the recently-opened Dubai Metro where the company's anti-static carpets are installed in control rooms.
"Based on our market expectations, we are confident that the GCC and MENA regions will offer further growth opportunities as regional economies recover from the recession," said Andre Dulka, Desso's regional manager for the Middle East and North Africa.
The company noted that its upbeat forecast, based on strong sales growth, also echoes comments made recently by the World Bank, which said that economic recovery is underway throughout the Middle East.
According to the World Bank, growth in the region is expected to average four per cent in 2010, an increase of slightly less than two per cent over growth in 2009.