Bumga to meet demand through manufacture
Dubai-based building materials supplier Bumga Group has unveiled an expansion plan that may include a foray into the manufacturing sector
Dubai-based building materials supplier Bumga Group has unveiled an expansion plan that may include a foray into the manufacturing sector.
Plans include entering high- growth markets such as Abu Dhabi as well as expanding into the metal manufacturing sector.
“If the plan we have in our mind is effectively implemented, there is no reason why we cannot become the first billion-dollar building materials company in the UAE,” said Siddharth Balachandran, director, Bumga Group of Companies.
“Dubai’s infrastructure building drive in the last five years has been unprecedented, not only in this region, but also in the whole world. The demand for quality building materials has been inherently strong, and the spurt in demand shows no sign of abating.”
Balachandran added that the dynamics of the UAE is steadily moving from a ‘procuring’ to a ‘producing’ economy, thanks to the government’s promotion of the manufacturing sector.
“The core activity of Dubai will, in all probability, always remain trading, due to its fantastic port facilities, but it is becoming increasingly important that the market and its participants become more self-reliant.”
Bumga was established in 1968 and has since supplied materials such as structural steel, plywood and timber-related products to the UAE.