Electrical accessories manufacturer Legrand anticipates a higher increase in demand for its products in the Gulf Cooperation Council (GCC) with an expected eight to ten percent rise in regional (GCC) electricity demand and the growing Gulf construction industry.
The Legrand growth expectations were revealed at the company's on-going annual export meeting, which is being held in Dubai for the first time and is being attended by 70 Legrand managers from around the world.
Legrand, which experienced an annual growth of 25 to 30 percent in the GCC last year, saw figures rise to 35 percent. The Legrand group's turnover in the Middle East for the year 2001 was $70 million.
Legrand, which works regionally through agents or authorized distributors, established its Dubai office in Jebel Ali Free Zone in 1996. The Jebel Ali office now oversees Legrand's operations in the United Arab Emirates (UAE), Qatar, Kuwait and Oman. The growth of the Dubai market, annually 20 to 25 percent, prompted – in February 2002 – the opening of the Legrand Customer Center in Dubai. The opening of new centers in Kuwait, Qatar and Abu Dhabi, will bring the total number of Legrand Customer Centers in the Middle East to six. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
