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An Emirati company invests $ 30 million in the next two years

2020-01-14T11:55:25.764Z

Al Makram Group, which specializes in developing building materials and automotive products and carrying its commercial currencies "Made in the Emirates" and is based in Sharjah, has revealed its plans to expand into new global markets during the next two years, especially in Central Africa, Southeast Asia and the Far East and



Al Makram Group, which specializes in developing building materials and automotive products and carrying its commercial currencies "Made in the Emirates" and is based in Sharjah, has revealed its plans to expand into new global markets during the next two years, especially in Central Africa, Southeast Asia, the Far East and North America.

On the occasion of the celebration of the 20th anniversary of the work and the successes achieved by the group, the managing director of the honored group, Safdar Damami, said, "We have allocated more than 30 million US dollars (about 110 million dirhams) to continue the group's strategic expansion plans to enhance its presence in the global markets."

He added, “Our goal is to be the largest manufacturer in the Middle East region, and to provide added value that contributes to the growth of the construction and automotive sectors through unique and innovative products.” “The expansion of new markets is an essential pillar of our strategy to grow our export portfolio,” he added. That the group has made effective and advanced steps to establish factories in Egypt, Indonesia and Pakistan to enable them to sustain their business globally.

"For us, 2019 was a milestone as we celebrated the 20th anniversary of our presence in the Emirates. As one of the local industrial entities in the country, we are proud to be part of this growing economy," Badami said. He added: "Over the past 20 years, the group has been specialized in providing innovative products and technologies within the local and global markets."

The group is currently providing its products within the UAE market, in addition to exporting it to more than 34 countries around the world, as the group has achieved steady double digital growth rates since 2006.

Badami said: "The group currently owns manufacturing units in strategic locations in Sharjah and Umm Al Quwain, in addition to a manufacturing unit in Pakistan, and expansion plans aim to strengthen manufacturing units in new markets."

He also explained: "The group has invested more than $ 40 million to build its factories in the UAE in both Sharjah and Umm Al Quwain." We are proud to present our products in the overseas markets bearing the "Made in the Emirates" mark, where this was achieved with the help of its qualified human cadres. And trained. "

He said: "The first factory was established in 1999 in Sharjah on an area of ​​12,000 square meters. After that, the second factory was opened in 2014 in Umm Al Quwain on an area of ​​5,500 square meters. And Badami added:" The group has developed modern technological equipment and machinery from European countries and Asia, which required a rigorous periodic quality check at every stage of industrialization.

He said, "The group is currently expanding locally by introducing new production lines and investing in automation and artificial intelligence systems. Badami added:" Chemical products for the construction sector contributed mainly to the group's pumping of funds, as it witnessed rapid growth in the UAE and Gulf markets. .

Source: emara

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