Danube Group has grown from a small trading firm to one of the largest building materials companies in the region and has now launched a property arm with the announcement of its $136mn Dreamz By Danube project – a development containing 175 townhouses in the Al Furjan area of Dubai.
The company, which recorded revenue of $544.5mn (AED2bn) in December 2013, has business units across Saudi Arabia, the UAE, Bahrain, Oman, Qatar, Kenya, Libya, India and China.
Under chairman and founder Rizwan Sajan, Danube Group reported 17% growth in the last six months of 2013 and said that it will record a 15-20% increase this year.
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