Gunnebo announces growth in Middle East revenues

Gunnebo, a global provider of security solutions, reports record revenues in 2016 from its Middle East operations, as it prepares to take part in Intersec, the region’s leading trade fair for Security, Safety and Fire Protection. Gunnebo Middle East business grew 10 times organically since Gunnebo set up a direct presence in the Middle East in Dubai on 17th of January, 2000.

According to Jacob Touma, Regional Manager for Gunnebo in the Middle East: “As regional governments and companies invest heavily in security and technology, we have experienced buoyant growth. Our core business, for more than 100 years, has been to protect people, assets and valuables. So, our main contribution to the Middle East is to provide high-quality solutions for increased security and protection for our customers’ employees and businesses. Our solutions also contribute to the fast development of the region. In the UAE, for example, our products within cash management is supporting the city’s transformation from an e-city to a smart city to a happy city.”

Gunnebo with its regional headquarters in Dubai and representative offices in Saudi, Oman and Turkey; and partners in other markets, is well positioned to grow its business in the Arabian Peninsula, in particular, and Middle East, in general.

Entrance and electronic security, perimeter protection, safes and vaults and solutions for cash management, are the largest product groups for Gunnebo in the region, with main business coming from protecting banks, public and commercial buildings, and high-risk sites.

Touma, says: “Our strongest business growth last year was in Oman, where we have evolved from a product supplier to a solution/technology provider and security advisor, to the Central Bank of Oman. We also see a strong market for cash management in the region. In the UAE, with Transguard, we have developed an offering that streamlines and increases cash management efficiency and security for retail, banks and business owners in UAE.”

This is Gunnebo’s 17th year of participation at Intersec with its largest stand ever. This year, Gunnebo has a unique stand design modelled on an airport, showcasing the company’s full security offering to a high-risk site. It gives visitors a 360-degree experience of how Gunnebo can provide various security solutions, starting with the perimeter protection from the outside; and moving inside, visitors can experience entrance and access control as well as anti-blast, anti-bullet and anti-vandalism solutions. Gunnebo’s boarding control solutions as well as cash management and valuables storage solutions for stores, banks and businesses, will also be on display as well as Gunnebo’s total electronic security solution.

Touma concludes: “Our participation at Intersec shows our commitment to this region which is a key market for us. Security is a great concern in this region as it is in the rest of the world, with year-on-year increase in investment to protect and secure employees, assets and valuables. Even though the region is affected by falling oil prices, we have experienced strong growth. Today, we have a well-established business here based on strong relationships with strategic partners and end-customers. In the coming years, we will continue to do our best to ensure that our products, solutions and services meet our customers’ high standards.”

Gunnebo will exhibit at S2-A18 at Intersec to be held at Dubai World Trade Centre from January 22-24, 2017.