Gulf Dynamic Switchgear (GDS), a leading UAE-based manufacturer of low voltage switchgear panels, said it has registered a 24 per cent year-on-year growth in 2014, further strengthening its position as a market leader in the Gulf region.
 
A wholly-owned subsidiary of Masharie, the private equity arm of Dubai Investments, GDS said the solid growth comes amidst a massive spurt in infrastructure projects across the UAE and the Gulf.

The World Energy Council has estimated an additional 100GW of energy will be required to sustain rapid growth in GCC countries in next 10 years, which in turn will increase demand for switchgears, the global market for which is growing at a CAGR (compound annual growth rate) of 10.54 per cent from 2014-2018.

The company has a strong order book for 2015 with projects worth Dh40 million ($10.8 million), including a vast majority of new orders in the mixed-use developments, industrial, utility, infrastructure and oil and gas projects.

These include the Ibn Battuta Mall expansion, Emirati Housing Program 2000 Villas, Emaar Address Boulevard, Meraas Outlet Village, Manazel Al Khor, New York University DCP, Meena Plaza Development and Transco Strategic Water Storage & Recovery Project in Liwa.
 
Fawzi Jarrar, the GDS general manager, said: "We have achieved a strong growth in 2014 and are bullish about our prospects over the next five years, mainly due to the latent demand in the infrastructure and mixed-use developments in the run-up to Expo 2020."

"We are confident that our dedication and improved resources will help us make significant advances in the sector in the coming years," he noted.

"While we are focused on the low voltage switchgear panels, we have got product diversification plans which are under consideration," he added.

Founded in 1981, GDS designs and manufactures a comprehensive range of specialised electrical products that are used throughout the Middle East in the government and private sectors. It manufactures main distribution boards, sub main distribution boards, motor control centres, feeder pillars and street lighting panels and synchronising panels.-TradeArabia News Service