DuPont opens second office in UAE, continues growth strategy in emerging markets

08-Nov-08

As a part of its continued growth strategy in emerging markets, DuPont recently announced the opening of its second office in the United Arab Emirates (UAE). The Abu Dhabi office will focus specifically on strengthening the company's relationships with the oil and gas industry. Additional markets include building and construction, automotive coatings, agriculture and food. The company already has strong presence in the region including long established offices in Istanbul, Turkey; Cairo, Egypt; Karachi, Pakistan; Dammam and Jeddah in Saudi Arabia, and an additional office in Dubai, UAE. The first office, in Istanbul, opened in 1992 and remains the hub for DuPont in the region. The Europe, Middle East and Africa (EMEA) region, and Eastern Europe and the Middle East, in particular, contain most of the oil and gas producing assets and more than 70% of known reserves in the world. DuPont provides the oil and gas industry with solutions in anti-corrosion, safety productivity, protective coatings, blasting abrasives, personal protection solutions, industrial cleaning solutions, landscaping solutions, fire extinguishing solutions and safety consulting. DuPont's sales in emerging markets grew at a compounded annual growth rate of 16% to just under US$8 bln between 2003 and 2007 and have grown to represent about 25% of total company sales.