Abu Dhabi To Award USD 7 Billion Worth Of Construction Contracts By The End Of 2009

Danube Building Materials eyes huge demand for construction and building materials in the capital

Abu Dhabi is expected to award USD 7 billion worth of construction contracts by the end of 2009, amidst the continuing progress of many developments, which is attracting contractors and investors alike. In line with this, Danube Building Materials, the leader in construction, building materials and shop fitting industries, seeks to leverage the expected increase in demand for construction and building materials in the capital. As part of its expansion to Abu Dhabi, the company has launched recently a 7500 sq. ft. retail store – ’Danube BUILDMART ’, which offers more than 15,000 products.

The ’Danube BUILDMART’ branch in Abu Dhabi is witnessing success and growing patronage among contractors, joineries and architects due to its complete selection of home interiors and building materials. This includes chandeliers, light fittings, wallpapers, venetian blinds, luxury bathroom fittings, shower rooms, massage bathtubs, parquet flooring, ceramic/Gres porcelain wall and flooring tiles, and architectural hardware, in addition to a ‘Design Centre’ where design professionals give out expert advice to customers on the best products, design materials and other design-related inquiries. Leveraging the success of its initial venture in Abu Dhabi, the company has announced plans to open another branch at the Dalma Mall, which is stated to be the biggest of all the branches.

“Demand is being driven primarily by the Abu Dhabi Government’s consumption and its unwavering efforts to promote the emirate as a leading business and tourism hub via improvements in infrastructure and major construction projects,” said Rizwan Sajan, Chairman, Danube Building Materials. “With our recently opened ’Danube BUILDMART’ branch in Abu Dhabi, we are anticipating increased orders from major clients whom we have forged strategic partnerships with since the launch of our flagship store in the capital. We are gearing up to address this demand, as part of our comprehensive expansion plan that covers the entire GCC region.”

In addition to the government’s direct focus on construction to address the burgeoning requirement for built space, another factor that is driving Abu Dhabi’s construction activities and the demand for building materials is the emirate’s aims to increase its foreign direct investment (FDI), which according to latest data available has hit approximately AED 31.5 billion in 2007. Of this, real estate and rents account for the largest share at approximately AED 11.84 billion or 38 per cent of the total FDI figure. Leveraging the continuing stabilisation of construction material prices in the region, Danube has opened three other branches in UAE –in RAK, in Fujairah and in Deira, Dubai, in addition to the retail store in Abu Dhabi.

“Abu Dhabi has become a key market for us, given the astounding amount of construction activities in the emirate, which are relatively unaffected by the current downturn. We are expecting to generate excellent business amidst the positive projections directed towards this market, and with this in mind, we continue to invest in product and business development to further enhance our product range and services to exceed customer expectations,” concluded Sajan.
 

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