Jaffer Mohammed
Dubai (ARE)
Role(s):
Manager/Supervisor
Damco Electronics fzco (Al Dammam Group)
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Startup
Location:
Dubai
Industry:
Telecommunications
Year Founded:
1999
Number Employees:
10-50 people
Description:
Damco Electronics fzco (part of Al Dammam Group) is a Dubai based mobile phone trading company that serves all levels of markets/ customers in the U.A.E. Enduring fierce competition, the company has emerged as one of the fast growing firms of the sector that deals with all major brands of mobile phone handsets.
Damco Electronics is now looking into expanding its activities in the following areas of business: proliferating client/ customer base, adding to the product range, increasing resources and entering into and establishing in new markets. We strongly believe that there is a need in the market for a strong leader to lead from the front, and especially so during the challenging times of crises such as these.
Damco Electronics is seeking funds of around 10 million for its expansion purposes. Firm knowledge about the market, the culture and its dynamics and our experience in the market combined with our unique skills are a few reasons that make us a trusted hand in the region. The capital will be utilised to bolster our product portfolio, marketing and infrastructure development. We are positive that Damco will secure a strong return on investment within 4 – 6 months. The returns for the investors are open to discussion and we are sure that with our plans and our ability to execute them, the results will be highly positive. This will certainly help us realise our dream of becoming the numero uno of the market and one of the most respected organisations in the region.
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