Press Release
Crystal Arc reaps rewards of UAE business growth
May 19, 2004
Crystal Arc, a leading Dubai-based luxury crystal goods production company, is reaping the rewards of the aggressive economic growth witnessed in the UAE over the past few years.
Company executives plan to turn-over 40% more this year than in 2003 when revenues topped AED16 million. They stated that the UAE’s evolving economy, which hit Dh284.5 billion ($77.5 billion), is the primary factor for this healthy growth.
’We are riding the tide of a rapidly evolving economy that has given us the opportunity to really exploit our competitive and qualitative advantages in the market. We established the company in March 2003 with 6 employees and revenues of AED2 million to 83 employees and revenues of AED16 million, and established offices in Abu Dhabi, Oman Canada and India. This dramatic economic upheaval came as a result of the vision and direction provided by His Highness Sheikh Zayed bin Sultan Al Nahyan, which gave confidence and business opportunities for regional and foreign investors,’ said Faisal Seddiq M. Samea Al Mutawa, Executive Director at Crystal Arc. ’We are driven by a strong belief that only exceptional creations are forever. And that is the obsession that drives us to create the finest hand crafted crystals, in the world.’
Crystal Arc is one of the only truly masterful production companies in the region that employs talented, professional designers and craftsmen to create luxury crystal goods for corporate and private displays. Each piece is cut, ground, polished and crafted by hand, aided by the best of breed technological tools and creativity software to produce quality goods.
Over the years, Crystal Arc has developed a reputation for creating professionally hand crafted crystal pieces for corporate and government clients such as tailor made gifts, ceremonial awards and private commissioning requests.
’By creating a unique mix of creativity, skill and customer service, we have been able to fully exploit the rapidly growth economy that is attracting companies and investment from the region and beyond, consequently leading to the growth of our target market,’ said Mustansir Saifuddin, Director of Crystal Arc. ’We won some of the most prestigious and exclusive clientele due to our focus and investment in our core business, the craftsmanship and creativity.’
Most recently, Crystal Arc was commissioned to produce 2 leading business awards this year, the Sheikh Khalifa Industry Awards and the Sheikh Khalifa Excellence Awards. Both awards combined are the most prestigious business awards in the Emirate of Abu Dhabi, and were given out to this year’s at exclusive award ceremonies, attended by government officials, business leaders and international ambassadors, on May 2nd and May 8th respectively.
’It is with great pride and honour that we took on the exciting job of crafting the Sheikh Khalifa Industry Award 2003 for the first time, and the Sheikh Khalifa Excellence Award, again, this year,’ continued Saifuddin. ’Over the years we have proved our creativity and professionalism, not only in the UAE, but around the GCC countries. Crystal Arc was commissioned to create both Award trophies in a short period of time and a dedicated team of craftsmen worked night and day using the best tools, materials and cutting edge technology, to create the awards.’
In the United Arab Emirates Crystal Arc created a host of trophies which include: trophies for the Government of Dubai, the Sheikh Hamdan Award for Distinguished Academics, the Endurance World Cup Trophy, the Dubai Duty Free Tennis Championship Awards, and the Sharjah Cricket Cup Trophies. In the GCC region, Crystal Arc design pieces under exclusive commissioning deals for many prestigious trophies including the one given to former US President Bill Clinton as well as the Middle East IT Award presented to former US Vice-President Al Gore.
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