2nd ‘Danube Buildmart’ opens in Bahrain
Manama, October 28, 2010
Danube Building Materials, a leader in construction, building materials and shop fitting industries, has opened its second ‘Danube Buildmart’ showroom in Bahrain at a cost of Dh10 million ($2.72 million).
Spanning 6,000 sq ft, the new store in Bahrain Mall is designed to cater to individual homeowners and designers.
The store will offer a wide range of products such as chandeliers, wall paper collections, curtains, carpets, luxury sanitary ware, Venetian blinds, wooden flooring, garden accessories, home décor and soft furnishings from international and regional vendors. The inauguration in Bahrain Mall follows the recent launch of an Dh50 million store under the same banner in Dalma Mall, Abu Dhabi.
“Danube’s expansion effort in Bahrain underlines the growing opportunities in the local construction sector, and we are pleased to welcome this excellent new establishment, which can offer a host of benefits for customers,” said Dr Hassan A Fakhro, Bahrain Minister of Industry & Commerce.
With the latest store in Bahrain, there are a total of 23 global Danube retail facilities - 16 in the UAE, one in Saudi Arabia, two each in Bahrain, Oman and India, in addition to procurement offices in China and Canada.
The company is looking at an initial public offering (IPO) listing in Saudi Arabia or the UAE within the next 5 years.
“Bahrain is an important market that we seek to fully penetrate, and the opening of our new branch is a significant achievement in our aims to further grow our domestic market share,” addd Rizwan Sajan, chairman, Danube Building Materials.-TradeArabia News Service