Abu Dhabi: Ducab, a major Middle East cable manufacturer jointly owned by Dubai and Abu Dhabi, has got business worth about Dh550 million in the Gulf Cooperation Council (GCC) since 2009 in the fast expanding oil and natural gas sector, a senior company executive told reporters yesterday.
"Of the total, around Dh350 million worth of business came from UAE-based companies to supply specialised cables for the oil and gas industry," said Laith Madi, oil and gas manager for Ducab on the sidelines of the ongoing Adipec 2010 in Abu Dhabi.
"We have diversified our market outside the UAE, focusing on the oil and gas industry to increase our market share," he added. Madi said the annual copper production capacity of Ducab is around 110,000 tonnes a year. The production facilities are located in Jebel Ali and two in Abu Dhabi.
Another production facility to produce 25,000 tonnes a year of extra high voltage cable is under construction in Jebel Ali and will be commissioned next year," he added.
Madi said the company's agreements in the UAE include supplying cables for the Fertil II project and the Habshan integrated gas development project.
Tuesday at Adipec, Ducab announced details of the contract it has won, valued at Dh110 million, from the China Petroleum Engineering and Construction Corporation to work on the Abu Dhabi Crude Oil Pipeline.
