Concrete Industry in Uae

 Cement Industry in Uae Essay

Intro

UAE is among the prospering economies of the world in whose per capital income is at par with a few of the most developed nations of Europe. This really is attributable to the oil profits and the flourishing real estate market. This kind of boom create a base intended for competition in the country market via different areas like commercial sector especially mentioned the " Bare cement Industry”. Bare cement industry is usually fast growing due to the growing real estate market near your vicinity and especially in Dubai and Abu Dhabi. At present, there are nine concrete factories in United Arabic Emirates plus they produce eight. 5 , 000, 000 tons of concrete every year. The emirate of Ras Al Khamah is a largest bare cement producer in United Arab Emirates. In our report, we studied the cement sector in UAE and reviewed them fiscally for the many years movement from 2008 to 2010. Assuming that 3 main cement producers in the Emirate of Ras Ing Khaimah is going to represent the full cement market as they are the most important cement suppliers according to the financial publications and the level of production. The research included Union Cement Organization (UCC), Gulf of mexico Cement Firm (GCC) and Ras Approach Khaima Concrete Company (RAKCC). The choice of the firms based on the similarity with their core organization and productions activities near the fact that they each listed in Abu Dhabi Securities Exchange industry (ADX) supplying us the ability for fair comparison. Financial analysis for the companies depending on their printed annual economical reports in ADX continues to be conducted to check on their economic performance to get the years coming from 2008 to 2010. The analysis ingest consideration the organization governance mechanism conducted in each firm to check the potency of the corporate governance on their economic performance in the market. Assuming the regular of the three companies is going to represent the market, an overall rank of the best organization in the market is conducted depending on financial evaluation ratios and their corporate governance...