UAE glass firm to boost exports by 58.3%

Glass LLC will export 70% of its products

Glass LLC is expanding its interests in Qatar and Saudi Arabia.
Glass LLC is expanding its interests in Qatar and Saudi Arabia.

A UAE-based glass firm will more than double its exports this year as it taps into new markets and opens two facilities in Qatar and Saudi.

Glass LLC is intends to expands into those markets because of several ongoing construction projects and new developments are being announced.

“We have changed our strategy due to the financial crisis. We will be doing more exports," said the firm’s general manager Faisal Ali Rashid.

"About 70% of our products were in the local market. But now our exports will be 70% and local market share would be 30%."

The move is set to double the company’s revenues to US $163.4 million (AED600 million) this year.
 

Most popular

Awards

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

Conferences

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