Posted by Neil King
Dubai will continue to offer ideal investment opportunities because of its infrastructure facilities and business-friendly policies, a construction industry executive has said.
Rizwan Sajan, chairman of Danube Building Materials, one of the largest building materials companies in the Middle East, argued that Dubai is still regarded as a financial hub for the surrounding region and is renowned for its lifestyle and infrastructure around the world.
Speaking to the Khaleej Times, he said: "The government has built a modern and state-of-the-art infrastructure and because of that the emirate is an ideal place for investment across the region."
As the newspaper observed, Danube has achieved a four-fold growth in turnover and revenues over the last five years and boasts a facility spanning over 1.3 million sq ft in the Jebel Ali Free Zones which includes its global headquarters and a logistics facility.
Mr Sajan claimed that in the UAE there are at least 15 to 20 "big players" in the building materials sector and that Danube is currently number one in terms of product offering, size and turnover.
At present, Danube has a total of 22 global retail facilities including 16 in the UAE, two in Oman, one in Bahrain, one in Saudi Arabia and two in India.