DORMA steps up MidEast business activity

DORMA steps up MidEast business activity

Purchase contract signed in the presence of Germany's federal chancellor

Ryadh, KSA. The DORMA Group is significantly expanding its business in the Middle East. In the presence of Chancellor Gerhard Schröder, Dr. Michael Schädlich, Chief Executive Officer of the DORMA Group, signed in Ryadh the purchase contract enabling DORMA to acquire a majority holding in a production facility in the Kingdom of Saudi Arabia. At the same time the DORMA CEO also announced the planned establishment of a subsidiary and the take-over of a service organisation in the door automation sector in the United Arabic Emirates (UAE).

The contracts will result in an increase in the DORMA shareholding in the DAAD joint venture (DORMA Arabia Automatic Doors Ltd.) from 49% to 75%. The establishment of this joint venture with the Saudi Al Zamil Group, Dammam, dates back to the year 2000. Al Zamil is a major industrial and trading concern focusing on the construction sector. DAAD headquartered in Dammam, Saudi Arabia, has in this short period to date developed into the region's market leader for the production and sale of automatic doors. The combination of the regional presence of Al Zamil and the technological know-how of DORMA has, according to Dr. more…

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	Caption: Dr. Michael Schädlich, CEO of the DORMA Group (right), and Sulaiman A. Al Zamil, Director of Hamed A. Al Zamil & Bros. Co. (left), with the German Federal Chancellor Gerhard Schröder after signing the contract. download view picture