UAE cable maker Ducab plans to increase its exports to new markets including Europe, Africa and the US amid higher demand for its products, according to its chief executive.
“We continue to have our focus on expanding the reach of the products we have,” Mohammed Al Mutawa told The National on the sidelines of Water, Energy, Technology and Environment Exhibition (Wetex), which began in Dubai on Tuesday.
The company sees a lot of potential in the European market in future as the region's shift "from traditional power to renewable energy is creating new opportunities”, he said.
Countries across the world are developing new renewable energy projects to reduce emissions and protect the environment, which is creating new demand for different products.
Ducab, a subsidiary of Abu Dhabi's industrial holding company Senaat, exports 70 per cent of its products while UAE accounts for 30 per cent of sales. Currently, the GCC region, the UAE, the UK and Australia are its biggest markets.
“We are always looking for opportunities to expand: either [by opening a] manufacturing facility or opening our branch offices abroad,” Mr Al Mutawa said of the company’s expansion plans.
But he did not reveal where the company planned to open new units. Ducab currently has six manufacturing units in the UAE.
The company also aims to be an important contributor to the ‘Operation 300bn’ initiative that was unveiled by the UAE Government this year.
“The initiative [Operation 300bn] is at the centre of our near-future strategy to provide a platform that will help in achieving that goal,” Mr Al Mutawa said.
The UAE plans to more than double the contribution of the industrial sector to the country's overall economic output from Dh133bn to Dh300 billion by 2031.
Ducab posted a 36 per cent higher profit last year compared with 2019, despite the pandemic and hopes to maintain similar growth levels this year, said Mr Al Mutawa, who is the first Emirati chief executive in the company.
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KILLING OF QASSEM SULEIMANI
The%20specs
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Your Guide to the Home
- Level 1 has a valet service if you choose not to park in the basement level. This level houses all the kitchenware, including covetable brand French Bull, along with a wide array of outdoor furnishings, lamps and lighting solutions, textiles like curtains, towels, cushions and bedding, and plenty of other home accessories.
- Level 2 features curated inspiration zones and solutions for bedrooms, living rooms and dining spaces. This is also where you’d go to customise your sofas and beds, and pick and choose from more than a dozen mattress options.
- Level 3 features The Home’s “man cave” set-up and a display of industrial and rustic furnishings. This level also has a mother’s room, a play area for children with staff to watch over the kids, furniture for nurseries and children’s rooms, and the store’s design studio.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Specs – Taycan 4S
Engine: Electric
Transmission: 2-speed auto
Power: 571bhp
Torque: 650Nm
Price: Dh431,800
Specs – Panamera
Engine: 3-litre V6 with 100kW electric motor
Transmission: 2-speed auto
Power: 455bhp
Torque: 700Nm
Price: from Dh431,800
UAE currency: the story behind the money in your pockets
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
ESSENTIALS
The flights
Emirates, Etihad and Swiss fly direct from the UAE to Zurich from Dh2,855 return, including taxes.
The chalet
Chalet N is currently open in winter only, between now and April 21. During the ski season, starting on December 11, a week’s rental costs from €210,000 (Dh898,431) per week for the whole property, which has 22 beds in total, across six suites, three double rooms and a children’s suite. The price includes all scheduled meals, a week’s ski pass, Wi-Fi, parking, transfers between Munich, Innsbruck or Zurich airports and one 50-minute massage per person. Private ski lessons cost from €360 (Dh1,541) per day. Halal food is available on request.
Read more about the coronavirus
Company%20Profile
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