Power cable firm Ducab has plans to set up a plant in Qatar – its first outside the UAE – by early 2010 at the latest.
“We have a manufacturing licence [or Qatar]. It will be set up in the second phase which is expected to be late this year or early next year,” said Andrew Shaw, managing director of Ducab, according to the Gulf Times newspaper.
Ducab, which is jointly owned by the Dubai and Abu Dhabi governments, has already set up a 100%-owned subsidiary, Ducab Qatar, which launched a distribution and logistics centre yesterday.
Shaw declined to provide further details about total investment in the Qatar subsidiary and its potential capacity, but the parent company currently produces over 110,000 copper tonnes equivalent of low-, medium- and high-voltage cables, as well as a range of components and accessories.
The executive also hinted that production would be initially for Qatar’s consumption, but could be rolled out over time to include other GCC markets. Shaw said that the Gulf state’s location made it attractive as it was closer to raw materials suppliers, and added that Ducab planned to take a 10-15% share in the local market in the next few years.