Danube plans to invest Dh80m in Saudi Arabian mega projects

Dubai: Danube Building Materials, a company dealing in construction, building materials and shop fitting industries, has announced plans to invest Dh80 million in Saudi Arabia this year.

The investment plan is a part of its efforts to support multi-billion mega projects that are expected to rise within the kingdom in the next few years.

This is expected to result in a stronger presence for the company, thereby allowing it to address the demand spurred by the construction of over two million new housing units that are expected to solve the housing shortage in Saudi Arabia under the government's 8th Development Plan.

The company's investment in the kingdom is a continuation of its expanding presence in the GCC, which currently comprises 14 branches in the UAE, two in Oman and one in Bahrain.

Having maintained a steady presence in the kingdom for the last two years, Danube is gearing up to expand extensively in a new wave of aggressive building and construction activities within the largest construction market in the Middle East.

In addition to the planned launch of a huge retail complex in Jeddah next month, the company also has plans for two manufacturing plants in the pipeline, including factories that produce malemaine pressing units and gypsum ceiling tiles.

Amid the growing demand for building materials in Saudi Arabia, the company is seeking to bolster its presence in the market, where it currently supplies 15,000 products to support the construction of several high-profile developments and individual residential projects for the benefit of owners, consultants and architects.