News Column

Dubai Investments targets strong growth in Gulf, showcases innovations at 15th GCC Joint Expo

May 27, 2014

DUBAI, 27th May, 2014 (WAM) -- Dubai Investments, DI, is reinforcing its commitment to achieve robust growth across the Gulf countries through the strong participation of 12 of its subsidiaries across various sectors at the 15th GCC Joint Exhibition, currently under way in Sharjah.

At the exhibition, DI is displaying the cutting-edge capabilities and innovation of its subsidiaries across the manufacturing and services sectors, including Emirates Insolaire, Emirates Float Glass, Emirates Glass, Lumiglass Industries, Emirates Building Systems, Marmum Dairy Farm, Dubai Cranes, Gulf Dynamic Services, Drive Dubai, Lite-Tech Industries and Gulf Metal Craft.

The participating DI companies are presenting their complete range of products and services at the exhibition. Revenues from DI s manufacturing and contracting business touched AED 1.43 billion (US$389.11 million) as at December 31st, 2013, driven by the growth achieved across its subsidiaries.

Khalid bin Kalban, Managing Director and CEO of Dubai Investments PJSC, said, "The GCC has made massive strides in the manufacturing sector over the years and the region is one of the fastest growing markets across the globe today, backed by a world-class infrastructure. A strong manufacturing industry serves as one of the cornerstones of socio-economic development, including foreign trade, and this has helped unlock exciting growth opportunities for the Gulf economies particularly in the non-oil sector."

He added, "Dubai Investments is one of the leading players in the manufacturing sector and our subsidiaries already have a strong presence in the U.A.E. and GCC markets. Our participation in the 15th GCC Joint Exhibition is a great opportunity to showcase our capabilities, innovation as well as our expertise across diverse sectors, to tap into partnership opportunities with different companies, and network with prospective investors which will go a long way in strengthening our presence across the region."

Being held under the patronage of H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the 15th GCC Joint Exhibition runs till May 30th, 2014, at the Expo Centre Sharjah and has brought together top exhibitors from different sectors across the GCC.

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Source: Emirates News Agency (WAM) (United Arab Emirates)