Salalah: Ducab Group, a prominent energy solutions provider from the UAE, has announced its acquisition of Oman's National Cable Factory (NCF) located in the southern port city of Salalah. This acquisition signifies an important step in Ducab Group's global expansion efforts and highlights its dedication to bolstering regional industrial development.
According to Emirates News Agency, the integration of Oman's advanced manufacturing capabilities with the UAE's industrial prowess is expected to drive local value creation and elevate quality standards. This strategic move aims to enhance Oman's energy infrastructure by focusing on high-value exports and rigorous standardization, thereby contributing to the Sultanate's economic progression.
Gert Hoefman, CEO of Ducab Group, remarked that the investment in Oman reflects the shared aspirations of both nations to cultivate robust and diversified economies through industrial innovation. This initiative aligns with Ducab Group's strategy to broaden its international reach while reinforcing regional cooperation.
The acquisition is seen as a significant step in Ducab Group's evolution into a global industrial leader, enhancing its international presence. The collaboration is anticipated to foster industrial excellence, ensure quicker deliveries, allow for greater customization, and strengthen supply chain resilience, reinforcing the economic ties between the UAE and Oman.