The GCC consumption of wires and cables reached 1.3 million gross cable tons in 2013, an increase of 69 percent compared to 400,000 tons in 2003, driven mainly by the utility and communications network in the UAE and the wider Gulf.
Mr. Ashish Chaturvedy, Marketing Manager, DUCAB said: “The cable industry in this region has undergone significant changes of late, making business intelligence and analysis more critical than ever. Our region is seen as one the most dynamic infrastructure investment markets for regional and global investors. UAE, Qatar, and Saudi Arabia all scored in the top third of the new index of ARCADIS Global Infrastructure Investment due to their strong business environment, healthy development work and growing economies, in addition to the mega projects that are scheduled in the pipeline for the coming three years which will represent billions of dollars of investments and opportunity for our industry.”
“As Dubai looks to cement its super-hub status with $32b investment through the expansion of Al Maktoum International Airport at Dubai World Central (DWC), Qatar earmarks $140bn for infrastructure development. The Kingdom of Saudi Arabia and Kuwait alike are joining the parade with mammoth investments. All these projects are seen as promising growth opportunities, not only for Ducab, but for our entire industry,” added Chaturvedy.
Chaturvedy said: “Cables & wires are the infrastructure backbone of any economy, the critical elements that wire up the length and breadth of the country as telecom and power networks. Power infrastructure, the other major driver of growth, is also witnessing similar trends, as developing economies continue to expand power infrastructure,”
Joshua added: “This industry is currently undergoing a major expansion due to the exponential growth of the electric and communications industries. The Gulf’s stress on further growing the power sector as well as continuously upgrading the communications sector will move the wires and cables industry into the next phase of growth.”
“Ducab is aligned to the UAE community and the country’s vision through its support of the key pillars of the UAE Vision 2021. The quality of cabling and accessories that Ducab provides, coupled with the expert knowledge, vast experience in the industry, and our geographical footprint has been instrumental in our success and that of our stakeholders. We look forward to continued engagement and interaction in the days to come, and we truly believe that Wire & Cable Arabia is a timely and relevant platform for our sector. Together, we can ensure that manufacturers and our representatives in the market are fully on-board in growing and streamlining this flourishing industry”, concluded Chaturvedy.