The Expo 2020 is trickling its positive implications not only in the UAE, but also across the GCC. In this context, Danube, a major construction and home interior company in the UAE, announced the opening of 3 new showrooms in the Kingdom reflecting the buoyant construction and building material industry in the GCC and MENA region.

The new 6,000 sq. meter showroom, located at Asfan in north Jeddah, mainly stocks rebar, plywood, ceramic tiles and sanitary fittings, as well as timber and MDF.

“The construction sector in Saudi Arabia and in other countries of the region is rapidly developing, which implies that the region has a huge potential for big investment. In general, most of the countries in the GCC and the MENA region are growing, indicating healthy business outcomes,” Rizwan Sajan, founder and chairman of Danube Group, said.

A Zawya report stated that the GCC’s real estate projects market holds out the largest opportunity over the next 15 years, with around $1.11 trillion worth of projects in design, bidding and construction.

The new demand drivers in the Kingdom include the improvement of transportation systems and infrastructure projects that have created investment opportunities and will increase the connectivity and attractiveness of the market. Though Saudi contractors are some of the largest in the region, given the size and range of projects planned in the next few years, there still remains a significant opportunity for international contractors to enter the market.

“The recent move is a reflection of the monumental success story of Danube. The company has grown organically since its establishment and the opening of new showrooms is part of our business strategy that underlines the success of Danube as a brand,” Sajan added.

Danube has grown from a small trading firm to one of the largest building materials company in the region.