Sales at the cable maker Ducab surged as Abu Dhabi construction industry orders outpaced Dubai for the first time.
The company increased sales by 39 per cent to Dh4.9 billion (US$1.3bn) last year. Operating profits from the underlying business doubled, said Ducab, without revealing numbers.
Revenue from the Abu Dhabi construction sector rose by half. Strong growth in the capital is augmented by sales in Europe, the wider Middle East and Asia, which accounted for 60 per cent of overall revenue last year, said Andrew Shaw, Ducab's managing director. "Last year was the first year that our sales invoiced to [Abu Dhabi] exceeded our sales invoiced to Dubai," said Mr Shaw.
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