Ducab revenues up 22%

Firm reports sales growth across its product ranges

NEWS, Business, Ducab, Financial results

Ducab has reported a 22% increase in revenues to $1.36bn (AED5bn).

The Jebel Ali-based cable maker, which is owned by Abu Dhabi-owned industrial holding group Senaat, said that it had achieved growth across all business areas, with sales of copper cables increasing by 14% to $790mn (AED2.4bn).

Sales of copper rods and wires increased by 34% to $570mn (AED2.1bn) and sales of high-voltage cables rocketed by 660% to $33mn (AED122mn), compared to $5.4mn in 2012, which was its first full year of production.

The unit is a joint venture with Abu Dhabi Water & Electricity Authority and Dubai Electricity and Water Authority.

Chairman Jamal Salem Al Dhaheri said: "Our growth continues as we expand into new product areas, new geographies and even new industry sectors.”

Most popular


CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that


Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020