Setting objectives allows GGICO to effectively communicate to all stakeholders its goals and to determine the steps needed to achieve them. The Group has developed the following key medium-to-long term objectives to support future growth.
To maintain its diversified business model and to achieve further expansion both in terms of adding industry sectors and by geographically entering other international markets so as to diversify its revenue base.
To grow organically through backward integration and expansion into related product lines, and to facilitate the source and trade of raw materials in-house.
To mitigate risks through employing a conservative approach to residential development activities by reducing cash commitments, pre-selling a certain percentage of units prior to construction, partnering with co-investors and forward-selling whole developments.
INVEST IN HOSPITALITY
To strive for growth in the hospitality sector by investing in Time Hotel Management LLC; a hotel management company established in Dubai and to plan for GCC expansion in the near future.
To develop a venture capital business by acquiring small companies with high-growth potential. In determining which companies to invest in, GGICO aims to ensure that there is significant growth potential in the target company.