| 07 Jan 2009 |
|
KI Forecasts 100 Per Cent Increase in GCC Turnover
- Text size
DUBAI - One of America's largest office furniture manufacturing companies, Krueger International, (KI) is forecasting a 100 per cent increase in GCC turnover in the 2009 financial year.
Steve Vellozzo, Middle East Sales Manager, KI said, "In the period from 2003 to 2007, the company's turnover was $2 million. This figure skyrocketed to more than $4.5 million last year after winning a string of prestigious business projects such as Aldar Properties and Adma-OpcoAdma-Opco
's headquarters in Abu Dhabi, and the Etisalat Tower in Dubai.
"We anticipate growth in all of our key sectors this year. With orders worth more than $5 million already placed, turnover in 2009 is expected to exceed $10 million."
Despite a downturn in many parts of the world due to the global financial crisis, Vellozzo sees huge opportunities in non-business sectors in this region, which helped KI's profits to soar last year and participation in the Office Exhibition in Dubai in March is a key part of its GCC development strategy.
"The Middle East is one of the most interesting and exciting markets at the moment, with the higher education and healthcare sectors still going very strong," Vellozzo added.
By Staff Report
© Khaleej Times 2009
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Loading ...
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.