60 Seconds With...
Francois Saab, General Manager, CarlStahl
What are the major opportunities you spot in the GCC construction & infrastructure industry?
Despite Global complications, the GCC region continues to develop and the UAE proves itself as the best place to invest, work and live in.
If we look at the construction market in the recent past, the ongoing projects, the announced events, and the ambitious plans ahead, we have a solid indication of the great potential of this market in the future.
What is the biggest challenge for you in the market this year and why?
GCC governments are taking precautionary measures to cope with the volatility of oil prices. Recent budgets reflect the GCC governments' efforts to instill fiscal discipline and cut wasteful expenditures.
To cope with the market requirements, Carl Stahl is focusing on quality, reducing its expenses and following more efficient strategies and technologies; we are also continuously working to develop and increase our range of products and services.
What are the major growth drivers for the industry in the UAE?
The construction sector and Real Estate are definitely the local economy’s top growth drivers.
How do you think the local construction and infrastructure industry will evolve in the next 5 years?
The next few years will see an increase in massive construction projects owned mainly by the local governments and banks. High-profile investment corporations will also take a greater stake in these projects.
Carl Stahl UAE is part of a multinational enterprise specialising in the supply, testing & certification of Industrial Lifting Equipment, the supply of Industrial Stainless Steel Cable Systems; and the provision of high quality Training Courses with a particular emphasis on wire rope and lifting operations.