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Al Gurg Group rules out listing plans

Al Gurg Group rules out listing plans
The Dubai Financial Market (Photo credit: Arabianeye - Reuters)

Dubai – Mubasher: Easa Saleh Al Gurg Group has no plans to list the company on the Dubai Financial Market (DFM), group general manager Abdulla Al Gurg said according to Alkhaleej newspaper.

Al Gurg expected a slower pace of growth with the beginning of 2017, noting that "the market situation is very difficult" after more than two years of decline in oil prices.

The company plans to focus on a wide range of growth opportunities and the UAE government’s initiatives in infrastructure projects, Alkhaleej reported on Tuesday.   

Al Gurg expected a significant growth to occur in the infrastructure market during the World Expo 2020.