Xtramix Concrete Solutions produced a turnover of $136m (AED500m) in 2015, as a result of increased business in the UAE and Qatar.
Abdel Dajani, managing director, told Construction Week that the company was able to capitalise on the ongoing construction activity in residential projects, in Qatar particular, as well as the UAE capital. “We saw 2015 to be better than 2014 for the group, with an increase in turnover of over 5%.”
He said: “We have seen growth in Abu Dhabi and Qatar, it’s definitely picked up since 2015. The market has reacted positively to all the changes that have been taking place.”
The company has been in existence for 10 years, and is in its 11th year of operation. Dajani mentioned that the firm has some “specialised” strategies for 2016.
“When everyone is shying away from investments, we are looking forward to investing in Dubai and Saudi Arabia. We are planning to expand in all the business verticals that we have.”
“Of course there is a slowdown in the market, and it has affected everybody. But the good thing is that we managed to secure jobs by big margins, hence we completed the year on a good note.”
Currently Xtramix is involved with notable developments in the Lusail area in Qatar, which involves towers, roads, highways and water reservoirs etc.
He added: “We deal with complicated projects. We are the main suppliers for ADNOC housing project in Al Ruwais, some of the major hotels and towers in Abu Dhabi and Qatar.”
Xtramix is also planning mergers and acquisitions for 2016, mainly in Qatar.
“As a group, for the next five years, our focus will be Qatar. Our target is mainly the GCC, and we want to strengthen our position in the Gulf countries,” Dajani concludes.