In a significant move that reinforces its leadership in the region, the “Ducab” group, one of the largest suppliers of integrated energy solutions and manufacturing companies in the UAE, has strategically acquired the National Cable Factory in Oman. This acquisition aims to accelerate joint industrial growth.
This initiative is set to bolster economic diversification and future opportunities, providing innovative industrial solutions that support the rapidly growing energy and infrastructure projects within Oman and the region.
This step aligns with the “Oman 2040” vision, which seeks to increase the contribution of non-oil sectors to the GDP, solidifying Oman’s position in the Global Innovation Index and the Global Competitiveness Index.
The partnership also aims to establish a diverse and resilient economy by expanding partnerships and attracting investments, which will enhance growth and create promising new opportunities for local manufacturing industries and national talent through world-class industrial projects.
Additionally, this partnership enhances the trajectory of economic cooperation between the UAE and Oman, which signed investment agreements worth 129 billion dirhams in 2024, covering projects in renewable energy, green metals, railway connectivity, digital infrastructure, and technology.
This collaboration reflects Ducab’s strategy to capitalize on cooperation opportunities, strengthening its regional and global presence in investment-attractive markets.
The promising Omani market is part of this expansion, which will enable Ducab to meet diverse market needs, reaffirming its commitment to delivering cutting-edge technologies and innovative solutions in energy and manufacturing while enhancing collaboration with industry leaders in growth-oriented investment environments.
In Oman, a leading international industrial company, this partnership combines advanced technologies and world-class quality standards to meet Oman’s growing energy needs and develop modern infrastructure across various sectors.
Gert Hoffman, CEO of Ducab Group, stated, “Our strategic collaboration in Oman represents a pivotal step in our journey towards enhancing global industrial leadership in the region.
It contributes to the accelerated execution of our international expansion strategy, allowing us to provide more specialized solutions, faster delivery, and strengthen our partnerships with clients in the region. We are committed to fostering economic growth and achieving mutual prosperity for both the UAE and Oman through this partnership.”
He emphasized Ducab’s dedication to supporting the UAE and Oman’s journey towards smarter, more sustainable, and integrated economies through industrial innovation, noting that the group’s investments aid in accelerating the achievement of manufacturing goals in Oman and enhancing both countries’ positions as key centers for non-oil exports in the Middle East and beyond.
Charles Milaghi, CEO of Ducab’s cable division, remarked, “Our acquisition of the National Cable Factory in Oman represents a strategic step to expand our regional and international presence. This acquisition is not merely a geographic expansion but a manifestation of our vision for an industrial leadership rooted in innovation and integration.
Through this acquisition, we enhance our capabilities to provide advanced industrial solutions that meet the growing energy and infrastructure needs. We are confident that this step will strengthen the Gulf region’s global competitiveness and open new growth avenues in non-oil sectors.”
Ducab Group has successfully strengthened its local, regional, and international presence, solidifying its status as a leading company in its field. In 2024, the group announced its expansion into 20 new markets, raising the total number of markets it operates in to 75 worldwide, covering the Gulf, Asia, Africa, Europe, and the Americas.