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DI units launch key products at Big 5 Morocco

CASABLANCA, April 25, 2017

Dubai Investments (DI) said six of its subsidiaries are showcasing their glass, steel, aluminium profiles, cranes and laboratory furniture solutions and technologies at the Big 5 Construct North Africa exhibition, which runs till April 27 in Casablanca, Morocco.

A major player in the real estate, manufacturing and industrial and financial investments sector, DI pointed out that this was part of its strategy to consolidate its market presence and growth in Africa.

At the event, the Dubai group will be promoting its innovative products and solutions in the building materials and infrastructure sectors, amidst rampant construction activity in Morocco and North Africa, it added.

According to experts, the region offers a promising growth potential with approximately $473 billion worth of active projects in North Africa propelling and nurturing the construction market.

In Morocco alone, the output value of the construction industry will increase at a compounded annual growth rate (CAGR) of 4.07 per cent over the next four years, the Moroccan Investment Development Agency has forecasted.

As population and urbanisation rates climb, there is a growing demand for infrastructure, residential, commercial and healthcare facilities in Morocco and North Africa, they added.

Abdulaziz Bin Yagub Al Serkal, the general manager of DI, said: "We consider Africa as a strategic growth market - with a strong focus in North Africa, characterised by increasing urbanisation and plans to develop mega cities, which augurs well for the proven expertise on offer in the construction sector across the company and its subsidiaries."

"The Big 5 Construct North Africa exhibition offers the perfect platform for Dubai Investments to build business relationships with relevant partners," observed Al Serkal.

Its key subsidiaries at the exhibition include Emirates Glass, Emirates Float Glass, Emirates Building Systems, Emirates Extrusion Factory, Labtec and Dubai Cranes.

DI, through its subsidiaries, has completed or undertaken projects worth over $85 million across Africa, he added.-TradeArabia News Service




Tags: Morocco | Dubai Investments |

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