Supplier Focus - Mustafa Moiz, managing director, Speedex

October 18, 2017

How is the GCC market faring this year? What are the current market trends in the region?

undefinedThe situation varies from region to region. For example, Bahrain, traditionally the smallest market in the GCC, has seen tremendous growth. Reports show that in the last seven months, the value of investment in construction projects were estimated at $2.3bn. Kuwait on the other hand, has seen an all-time high of $12.2bn last year owing to the expansion of the international airport.

Similarly, I feel for UAE it will be the Expo 2020 Dubai effect as the country according to reports backed contracts worth $35.4bn in construction & transport during 2016. Implementation of VAT will also further boost the construction sector. The citizens would be able to enjoy better services in terms of housing, health and education. Overall, it does look positive for the construction market.

What products did you bring to FM EXPO?

FM EXPO provides us with a platform to reach to our key audience. This year we introduced a new range of Power tools from YATO a Polish Brand, for whom we are the sole distributors in the Middle East. Apart from this, we showcased a range of Electrical, Plumbing (MEP), Carpentry, Landscaping, Measuring Tools and Personnel Protection equipment at the expo.

What were you able to achieve from your participation this year?

Our primary target audience is the procurement, operations and technical heads of the Facilities Management Companies. We are very positive looking at the response we got and we are sure they will result in contracts, given the fact that we have more than 20,000 SKU of over 50 brands at a competitive price and great service.

When and where are you opening your next store?

Our new superstore is set to open in the first week of November in Nad Al Hammar, Dubai. this will add to our four existing stores in Dubai.

What are your plans for 2018?

We are planning to expand quite rapidly with the opening of a new superstore in Abu Dhabi early next year. We also have plans to open stores in northern emirates by end of next year.

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