Ducab Group CEO is the MENA representative in the wire and cable industry

Ducab Group CEO is the MENA representative in the wire and cable industry

London: National visions around sustainable development support long-term cable industry growth in MENA despite global uncertainty, according to Mohammad Almutawa, CEO of Ducab Group. The sole MENA representative at the 2022 CRU Wire & Cable Conference leadership panel in London, Almutawa, noted the world continues to rely on wire and cable products to facilitate digital transformation and energy transition.

Almutawa stated that GCC countries, in particular, have set ambitious targets to switch to clean energy as part of their national visions. For example, Dubai in the UAE plans to have 25% of its electricity produced through solar by 2030, while Oman has a 30% renewable energy production target by the same period. By 2030, GCC countries are on track to save the equivalent of 354 million barrels of oil by switching to renewables, Almutawa added.

This shift will result in accelerated demand for cable and wire solutions. "There is currently more than $3.9 trillion worth of projects either planned or yet to be awarded in the MENA region," Almutawa observed. The Group CEO added that a growing population, national strategies around sustainability and energy transition, and energy independence are factors behind the increase in investments in clean energy projects across the region.

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