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DUBAI, 30 June 2006 — In a strategic move aimed at consolidating its market position in the region, Gulf Extrusions, one of the largest aluminum extrusion plants in the Gulf, has announced its expansion into the Qatari market.
The move comes in the wake of Gulf Extrusions' increased activity in the Qatari market, triggered by the construction boom in the country.
Market forecasts indicate investments worth AED16.9 billion will flow into Qatar's construction sector in 2006 alone and an astounding AED183 billion over the next five years. Gulf Extrusions will open a full-fledged sales office in Qatar by the end of 2006.
"Qatar is today witnessing a phase of unprecedented economic growth, epitomized by the country's booming construction sector," said Robert Holtkamp, director of Sales and Marketing, Gulf Extrusions. "For Gulf Extrusions, Qatar has traditionally been a key target market. There has been a significant increase in our activity in Qatar over the past few years, during which we won several prestigious contracts and strengthened our position in the local market."
"With Qatar's construction sector projected to sustain its growth momentum into the future, we believe this is the right time to open a full-fledged sales office in the country. Having a direct presence in Qatar will allow us to serve our clients in close proximity and fulfill their needs and requirements more efficiently. To cater to increased demand, we've more than doubled our production capacity," added Holtkamp.
Commenting on the market scenario in the GCC, Holtkamp said, "There is strong competition in the regional aluminum profile sector as a result of the modern economic policies being pursued by most GCC countries. However, Gulf Extrusions has carved a niche for itself by combining a steadfast commitment to quality with an ability to meet diverse customer requirements."
Gulf Extrusions produces over 7,000 aluminum profiles, ranging from architectural sections to components for household items, AC grills and customized products.
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