UAE glass firm to boost exports by 58.3%
Glass LLC will export 70% of its products
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.