Programme: Rural Development Programme

With this project Damama Ltd applied for the purchase of additional machines and equipment for the retrofitting of an existing workshop. By carrying out the investment the applicant will improve the economic performance of his enterprise by increasing the type and quality of the services offered. The practical outcome after the completion of the project will be the modernization of the applicant's auto service, the automation of many services, the reduction of manual labor per unit of service, the cost reduction of the services, the increase of the profitability of the activity, the offering of high quality and competitive service services. The investment is planned to be completed by the end of 2019. and the machines to be put into operation in early 2020. The wide range of services that the applicant will offer significantly reduces competition in the area. The newly acquired equipment will help the applicant to offer complex services to customers, which will save them time and will be decisive in their preferences as a contractor. Moreover, the mechanization of the processes will lead to a decrease in the cost of services and a decrease in the final prices.
The RDP application and approval funding will financially support the applicant and will enable him to flexibly determine the prices of the services.
The investor intends to continue to invest funds (including earnings from operating profits) to further modernize the garage, which in turn will lead to attracting more customers and opening new jobs.
 The current situation with regard to the provision of auto-service services meets the potential and desires of customers. The candidate intends to meet the needs and expectations by offering complex services in excess of those offered by the other garages in the area.