|07 October, 2017

Dubai's Danube Group enters Kuwait market, invests $20mln

From a small trading firm, Danube has grown into one of the largest building materials company in the region, with its diversified branches worldwide

Rizwan Sajan, Chairman Danube Group.

Rizwan Sajan, Chairman Danube Group.

KUWAIT: Danube Group, UAE’s largest diversified conglomerate with interests in building materials, property, construction and home furnishings entered Kuwait market with a bang.

The group invested $20 million in Kuwait and opened its first Danube Home store with plans to open more in the coming years.

The company is moving from strength-to-strength, expanding its foothold globally, with 2,800 plus work force across strategic locations in the GCC, China and India.

Rizwan Sajan, Founder and Chairman, Danube Group said: “I am glad to announce Danube’s entry in the new market ‘Kuwait’. Though in Kuwait the oil industry and government sector dominate the economy, with crude oil reserves estimated at nearly 101.5 billion barrels, approximately 7 percent of the world’s reserves, we are very confident that hard work and determination to succeed will definitely give us good results. Kuwait is trying to modernize the structure of its economy and I think for a company like us this is the perfect time.”

He further added, “This is a bold step, but it has definitely sent the right signal out to all. The expansion has always played a vital role in the growth strategy of the group and certainly involves commitment to its customer. I am confident that our future customer of Kuwait will also be satisfied with our quality, commitment and hard-work. I would sincerely like to thank each and every staff members for all the hard-work they put in to help the company to achieve its goal.

Commenting on the new launch, Adel Sajan, Director of Danube Group, said: “Thank you all for your support and I would personally like to welcome each one of you present here. We have opened our first Danube Home with an aim to provide affordable home furniture with the high-end quality for all. Whether it’s the Middle East, North Africa or Western world, home improvement sector has grown rapidly in the past few years and will definitely keep growing.”

Danube Group has established itself as a pioneer in offering high value for money to customers and hard work & quality is the success mantra for the brand.

The company has been honored with numerous awards and accolades at the national, regional and international level for the leadership, innovation, excellence in the sector.

Danube Group traces its origin through Danube Building Materials.

Established in 1993, the company provides more than 25,000 products in stock and in-house value added services in all of its multiple set of showrooms across the Middle East region and India.

The company operates from its head offices in JAFZA with logistics facilities across the region which amounts to 5.5 million square feet and includes kiln drying facility, factory and warehouses of the group.

From a small trading firm, Danube has grown into one of the largest building materials company in the region, with its diversified branches worldwide including UAE, Oman, Bahrain, Saudi Arabia, Qatar and India, in addition to procurement offices in China and Canada.

Danube has a team of 1,800 plus people working across strategic locations across the GCC and India. Among its flagship companies, Danube Home – the Home Interior Retail arm – has showrooms in major shopping malls across the region and in India.

In UAE it has showrooms in Sheikh Zayed Road, Dubai Festival City, Bawadi Mall – Al-Ain, Abu Dhabi and standalone outlets in RAK, Fujairah and Abu Dhabi as well.

In Oman we have 5 showrooms (Salala, Nizwa, Sohar, Baraka and Al Khuwair).

Danube Home has a showroom in Bahrain – Salamabad as well.

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