Conares bets big on Dubai's infrastructure growth

5/4/2016 11:49:28 PM

(MENAFN- Khaleej Times) Dubai's steel market has enough capacity to support the new wave of infrastructure developments planned until 2020 says Bharat Bhatia CEO of Conares Steel.

The manufacturer is one of the biggest privately owned steel-making companies in the UAE.

"Steel is needed in the development of infrastructure and real estate. I am not seeing a slowdown in steel demand as compared to last year. If I compare Q1 2016 to the corresponding period last year our business has gone up by 30 per cent" says Bhatia.

The chief executive is also upbeat on investing in India.

"I have been in the UAE for 33 years. Under Modi's new regime I have been planning to invest in the Indian manufacturing sector. All these years we have been manufacturing in Dubai and the UAE since we have all the comforts. At the moment we are hearing positive things from India. If the UAE and India achieve $100 billion in bilateral trade it will present opportunities for cross-border investment."

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Deepthi Nair I cover all things related to real estate in the UAE. Working as a print journalist in Dubai since 2008 I have reported on all the flashy new projects in town. Dubai's passion for setting new records continues to amaze me. I love to do stories that strike a chord with the average expatriate in the UAE. If you have any news related to your community or rents you know who to get in touch with at Khaleej Times. When I am not working I travel catch up with friends mall trawl catch up on movies explore new places in town or just unwind in a spa. Originally from India I have been a journalist for more than 11 years. Language has been my forte right from school. That's me in a nutshell

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