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DRA Credit lands Dubai bank deal

Co Down financial services firm DRA Credit Management has won its first big contract in the United Arab Emirates (UAE).

The deal is worth over £600,000 over the next three years to the Banbridge company.

DRA specialises in credit control and debt recovery operations for companies.

The deal has been secured with one of Dubai's main banks, and will enable DRA to create five new jobs.

Invest NI has offered the company £37,000 towards the creation of five new jobs and the development of a new website.

John Crothers, DRA Credit Management's managing director, said: "Working with Invest NI provided us with the confidence and support we needed to enhance our export offering and break into this new market.

"The range of advice we have received, in terms of exploiting new opportunities and market awareness, has allowed us to compete more effectively against our competitors and helped us to secure this vital deal."

Olive Hill, Invest NI's director of trade, said: "Strong export sales are essential for growth, both for individual companies and for the economy as a whole, and it is immensely encouraging to see a small Northern Ireland company doing so well in an overseas market.

"DRA undertook extensive market research to pinpoint the right organisations in the UAE market for its services and is an excellent example of a company that has been prepared to commit the time and resources to explore opportunities overseas."

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