Ducab celebrates 40 years of excellence, Abu Dhabi-Dubai cooperation
Dubai Cable (Ducab), jointly owned by Investment Corporation of Dubai and Abu Dhabi General Holding Corp (Senaat), is this week celebrating 40 years of excellence in industrial manufacturing.
One of the UAE's flagship manufacturing entities, Ducab was inaugurated by the late Sheikh Rashid bin Saeed Al Maktoum on November 24, 1979, with its first facility located in Jebel Ali and staffed by 86 employees.
Over four decades, Ducab has expanded in parallel with the UAE's wider investments in industrial manufacturing, guided by the Dubai Industrial Strategy 2030 and the Abu Dhabi 2030 vision. With over 1,600 employees, Ducab today comprises four business units with six manufacturing facilities across four sites in the UAE.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, congratulated Ducab for its contributions to the UAE's economic development over the last four decades. He also praised the company's role in supporting national economic diversification and expanding the reach of the UAE's products across the world. He said the company is a role model in maintaining the highest international quality standards in industrial manufacturing.
Mohammed Ibrahim Al Shaibani, CEO and executive director of Investment Corporation of Dubai, said: "Ducab has made significant contributions to our nation's industrial capabilities and has been, as a result of the ongoing strategic cooperation between Dubai and Abu Dhabi, a main catalyst in diversifying the national economy."
Dr Mohamed Rashed Al Hameli, chairman of Senaat, said: "Optimising our nation's natural resources is essential as we move into the future. By championing new ideas and opening up strategic partnerships in the manufacturing field, Ducab has helped to elevate UAE industrial products on a global scale."
Eng Jamal Salem Al Dhaheri, CEO of Senaat, said: "It is indeed a very proud moment for all of us to take the industrial sector of UAE to the global market as we celebrate the 40th anniversary of Ducab."
Dr Ahmad bin Hassan Al Shaikh, chairman of Ducab, said: "Ducab has been able to thrive over the last forty years, and we will continue to foster the best talent, technologies, and standards within the UAE manufacturing landscape."
Last year, Ducab's sales rose to Dh4.8 billion with over Dh2.5 billion in exports.
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