Page 55 - magazine June 2021

Companies News Construction
Contractors News

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RAK Ceramics Q1 Acciona-built Jebel Ali SWRO

revenue up 22%, gross profit margins at new high desalination plant producing at full capacity and supplying

the Dubai water network

RAK Ceramics Company announced yesterday its Revenue for the first quarter of 2021 grew by 78.5% in ACCIONA has completed a key milestone in the President and Prime Minister of the UAE and Ruler

financial results for the first quarter ending on March Saudi Arabia, 2.1% in the UAE, 67.0% in India, 18.9% construction of Dubai’s Jebel Ali Sea Water Reverse of Dubai, to promote the sustainable development

31, 2021, with a net profit of 62.7 million dirhams, in Bangladesh, and 22.7% in Europe compared to the Osmosis (SWRO) desalination plant, which is now of Dubai. It also supports the Dubai Clean Energy

outperforming pre-pandemic profit levels (36.9 same period in 2020, driven by improved economic producing at 100% of capacity, or 182 million liters Strategy 2050, launched by His Highness, to

million dirhams in the first quarter of 2019). The activity. Production in the UAE reached its highest level of potable water per day, and is already supplying the provide 75% of Dubai’s total power capacity from

company has returned to a state of steady growth. in 5 years due to increased demand from Saudi Arabia. city’s water network. clean energy sources by 2050. In Dubai, we have a

Operations in global markets continued to improve in Abdullah Massad, CEO of RAK Ceramics Group, The desalination plant, built by ACCIONA and BESIX comprehensive approach to ensure the sustainability

the first quarter, leading to the strongest start to the said: Revenue continues to improve in all markets; and owned by Dubai Electricity & Water Authority of water resources in line with the Dubai Integrated

year recorded by the company since 2016. The gross nevertheless, we expect revenues to be affected (DEWA), will be one of the largest reverse osmosis Water Resource Management Strategy, which focuses

margin for the first quarter reached an all-time high of by the second wave of “Covid 19” in India and desalination plants in the United Arab Emirates. on enhancing water resources, rationalizing water

35% driven by higher revenues, improved efficiencies Bangladesh. The health and safety of our employees ACCIONA’s contract covered the design and consumption, and using cutting-edge technologies

and improved product lines. Total revenue for the first will remain our highest priority. Looking ahead to construction of the facility. and innovative solutions to reduce water consumption

quarter of 2021 is the highest in 5 years, rising by 2021, our priority will be to invest in our brand, grow “This project supports the vision of His Highness by 30% by 2030,” said HE Saeed Mohammed Al Tayer,

21.9% year-on-year to AED 722.8 million, driven by our business in Saudi Arabia and protect our stake in Sheikh Mohammed bin Rashid Al Maktoum, Vice Managing Director & CEO of DEWA.

growth in all major markets. the UAE and Bangladesh.

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