Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Investments' exports surge 129% in last 5 years  Join our daily free Newsletter

MENAFN - Arab News - 15/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Dubai Investments PJSC (DI), a leading investment company listed on the Dubai Financial Market, has announced that the volume of exports from its various subsidiaries has grown substantially over the last five years, reflecting the potential of manufacturing exports from its companies across multiple sectors.
An analysis of the export performance of DI subsidiaries between 2008 and 2012 revealed that glass export achieved the highest growth, followed by other products such as aluminum, pharmaceuticals, steel and rubber, among others.
The company's glass exports, which was worth AED88.34 million in 2008, jumped to over AED200 million in 2012, an increase of more than 129 percent.
The key export markets for DI were the GCC countries, Yemen, Jordan, Lebanon, Turkey, South Asia, Africa, UK, Europe, Australia, Singapore, Malaysia, Brazil, other parts of South America, CIS countries and across the globe.
Khalid bin Kalban, managing director and CEO of DI, said: "We have seen a tremendous growth in exports from DI subsidiaries, particularly in manufacturing exports. Expanding DI's global footprint has been one of our top priorities and the year-on-year growth is in line with our strategy to make exports as one of the frontrunners of success."
He added: "We will continue to achieve consistent growth in our exports across our diversified products and services - primarily by opening up business channels in newer markets as well as building our presence in the existing ones."
Export of extruded aluminum grew from AED58.92 million in 2010 to nearly AED100 million in 2012, an increase of over 64 percent while switchgear exports also surged from AED116,424 in 2010 to AED235,068 in 2011, a growth of 203 percent, which further increased to AED330,488 in 2012 (40 percent).
Similarly, rubber exports grew from AED18.59 million in 2010 to over AED21 million in 2012, with focus markets being the Gulf countries, Europe as well as Africa.
Exports of steel enclosures for electrical products grew from AED1.12 million in 2010 to AED 2.17 million in 2011 (94 percent), which further increased to AED3.61 million in 2012, a growth of 66 percent.
DI's subsidiaries also achieved substantial growth with the export of fabricated steel structures touching more than AED93 million in 2012, an increase of over 81 percent over exports of nearly AED51 million achieved in 2010.
The major export markets are Qatar, followed by Oman.
Similarly, pharmaceutical exports was worth in excess of AED100 million in 2012, an increase of over 27 percent compared to AED79.66 million exports achieved in 2010.
The company's export in the sector has been on a northwards trajectory over the last five years, having achieved a phenomenal 80 percent growth compared to exports in 2008.
As part of its strategy, DI is also working closely with Dubai Exports, the export promotion agency of the Department of Economic Development (DED), Government of Dubai, to reinforce its growth strategy in export markets.
DI is also participating in a number of trade shows and exhibitions globally to realize market opportunities and export capabilities.

 


Arab News




  MENA News Headlines
 Jul 5 2015 - Emaar Misr to add USD2.26b to market capitalizationMENAFN
(MENAFN) Emaar Misr will add USD2.26 million to the market capitalization after being listed over the Cairo bourse, according to the bourse chief, Amwal Alghad reported.The affiliate of the United ...

 Jul 5 2015 - Saudi Looks for 'Guinness' Record with 50,000 Coins MuralSaudi Press Agency
(MENAFN - Saudi Press Agency) A Saudi citizen seeks to set a Guinness Record with drawing the largest painting mural in the world with more than 50,000 coins, in support of his talent initiated since ...

 Jul 5 2015 - PM: Jordan is a stable country with well-defended bordersJordan News Agency
(MENAFN - Jordan News Agency) Prime Minister Abdullah Ensour said Jordan is a stable country, owing its security to the wisdom of its leadership and its people's awareness, which are its source of ...

 Jul 5 2015 - Jordan- Moderate weather forecast until TuesdayJordan News Agency
(MENAFN - Jordan News Agency) The weather will be moderate until Tuesday in the hilly areas while it will be relatively hot to hot in the Badia, the Jordan Valley and Aqaba with high clouds and ...

 Jul 5 2015 - Israeli forces arrest 9 PalestiniansJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation troops arrested 9 Palestinians in the occupied West Bank, the Palestinian Interior Ministry said in a statement Sunday.The occupation forces broke ...

 Jul 5 2015 - Jordan- Border guards receive 275 new Syrian refugeesJordan News Agency
(MENAFN - Jordan News Agency) A total of 275 Syrian refugees from various age groups, entered the Kingdom through various crossing points during the past 72 hours.The border guards provided the ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Venezuela on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Venezuela Nicolas Maduro a cable of congratulation on the ...

 Jul 5 2015 - Kuwait- Message from His Highness the Amir delivered to Nicaraguan PresidentKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The State of Kuwait's non-resident ambassador to Nicaragua, Samih Johar Hayat, has delivered a message from His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Cape Verde on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Cape Verde Jorge Carlos Fonseca a cable of congratulation on the ...

 Jul 5 2015 - Terrorism main topic of Arab Parliament's urgent meetingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Arab Parliament (AP) held an urgent meeting here Sunday which focused on the recent terrorist attacks that hit a number of Arab countries.A press release by ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help