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THE ECONOMY - INDUSTRIAL DEVELOPMENT

Dubai Industrial Park opens 70 warehouses and storage spaces for lease

Posted on 09/08/2016

Dubai Industrial Park, the dedicated industrial hub within Dubai Wholesale City, is opening up 70 pre-built storage and light industrial unit warehouses for lease to meet the dynamic needs of the region's manufacturing and logistics sector. The ready-to-use warehouses and storage spaces are available for short-term and long-term lease. Ranging in size from 5,000 to 10,000 sq. ft., the warehouses are designed for cold, chemical and general storage, as well as for light industrial use. Spanning ...  >>MORE

Sharjah unveils Al Saja'a Industrial Oasis

Posted on 25/10/2015

Sharjah Asset Management, the investment arm of the Government of Sharjah, announced on Wednesday the launch of Al Saja'a Industrial Oasis project, one of the largest industrial projects in the region, following the vision of the Emirate of Sharjah to create a strong and diversified economy, to further boost the competitiveness and prosperity of the Emirate. Sharjah Asset Management's investments are highly focused in multiple sectors, including financial and commercial investments, logistics, ...  >>MORE

Dubai Industrial City registers 28% growth in revenue and 59% increase in gross profit

Posted on 07/10/2015

Dubai Industrial City (DI), the leading industrial and logistics hub in the GCC has announced its performance review (report) for 2015 reflecting 59% increase in gross profits and 28% growth in revenue compared to the same period in 2014. In addition to registering robust growth, DIC's strategic location, conducive offerings and niche facilities helped attract more than 680 new business partners, with a further 149 new companies from different segments of the industrial sector joining hands in ...  >>MORE

Investments in the UAE industrial sector amounts to Dh127b

Posted on 02/09/2015

The Industrial sector is the second largest contributor to the UAE's economy after oil and gas in 2014, representing about 14 per cent of the national output, Minister of Economy, Sultan Bin Saeed Al Mansouri, said in Al Ain on Tuesday. He was speaking at a ceremony to launch the Global Manufacturing and Industrialisation Summit to be held in Abu Dhabi next year. "The industrial sector is playing a pivotal role in diversification of the economy away from oil and gas. It has immense potential ...  >>MORE

Performance of industrial sector of Abu Dhabi continues to improve in first half of 2014

Posted on 28/04/2015

Preliminary data for the performance of the industrial sector in Abu Dhabi 2014 has suggested that the manufacturing industry is going to achieve a growth rate of 10.4% assuming fixed prices. This was according to economic predictions issued by the Abu Dhabi Department of Economic Development, ADDED. According to the performance index of the industrial sector of Abu Dhabi, issued by the Studies Department of the Abu Dhabi Department of Economic Development in 2014, the prices of industrial ...  >>MORE

EGA Jebel Ali site launches project to enhance operations

Posted on 09/02/2015

The Jebel Ali smelter site owned by Emirates Global Aluminium PJSC (EGA) has launched a project to enhance operations, targeting energy optimisation and capacity creep. Since its inception in 1979, the Jebel Ali smelter operation has been committed to continuous innovation in the aluminium smelting process and the in-house development of proprietary, reduction technologies. Over the years, a strong reputation has been built for technological innovation and business performance excellence, ...  >>MORE

UAE is world's fourth largest aluminium producer

Posted on 20/01/2015

The United Arab Emirates (UAE) will have a strong presence at the Aluminium Middle East 2015 exhibition with top industry players from the Arab world's second largest economy confirming their participation. Aluminium Middle East 2015, to be held from April 14 to 16 at Dubai International Convention and Exhibition Centre (DICEC), will see more than 200 exhibitors from 25 countries participating. This year, more than 10 per cent of the confirmed exhibitors are from the UAE. Daniyal Qureshi, ...  >>MORE

Dubai Investments contributes to UAE's manufacturing and industrial growth

Posted on 23/09/2013

Dubai Investments PJSC has released financial figures for the year 2012 showing that it continues to play a major role in the growth of the manufacturing and industrial sector across the UAE, with significant contributions from its subsidiaries - particularly in the processing industries segment. According to DI statistics, revenues from its manufacturing and contracting business touched Dh 1.71 billion as of December 31st, 2012, primarily driven by growth achieved across its subsidiaries, ...  >>MORE

Emirates Steel dispatches first shipment of structural steel to United States

Posted on 02/09/2013

The first ever ‘Made in UAE' shipment of structural steel landed in the American and Mexican ports of Huston and Altamira, recently. The shipment provided tangible evidence of Abu Dhabi-based Emirates Steel's growth potential in the global marketplace. It also represented the Company's first ever export shipment to the Americas. To date the Emirates Steel, a Senaat portfolio company, has been exporting its products to the regional markets in addition to the Indian sub-continent, Asia and ...  >>MORE

EMAL's partnership with Khalifa Port aids Phase II construction

Posted on 27/08/2013

More than seventy per cent of the construction of EMAL's (Emirates Aluminium) Phase II expansion is completed and on schedule to meet its December 2013 deadline, the company announced yesterday, hailing its cooperation with Abu Dhabi Ports Company (ADPC), "Almost half of the containers of vital equipment had been unloaded and delivered to the EMAL Al Taweelah complex in the six months prior to February 2013. Khalifa Port's integrated logistics - which includes radio frequency identification ...  >>MORE

UAE's manufacturing sector poised for large-scale investments, says Dubai Chamber study

Posted on 15/08/2013

The UAE is expected to pursue its diversification programme through large-scale investments in the manufacturing sector, according to a recently-released study by Dubai Chamber of Commerce and Industry (DM). The potential manufacturing sectors identified include shipbuilding and vessels, basic pharmaceuticals products, refined petrochemical products, motor vehicles parts and accessories and electric power generation, transmission, and distribution products. The study recommends the UAE ...  >>MORE

Dubai industrial park opens to foreign investors

Posted on 23/08/2012

It may be just a building site in the desert but there is something very special about the 500,000 square metres of land in Dubai Investments Park (Dip) the park's general manager Omar Mesmar is about to start selling. The two plots being developed as two enormous warehouses are set to become the first industrial land in the UAE outside a free zone to be available for foreign investment. "There are three options: either you buy the facility and the land; you buy the facility itself and pay ...  >>MORE

UAE ranks among top 50 countries in Global Innovation Index

Posted on 05/07/2012

For the second year running, Qatar and the United Arab Emirates lead the Middle East in overall innovation performance according to the Global Innovation Index 2012 (GII): Stronger Innovation Linkages for Global Growth, published by INSEAD, the leading international business school, and the World Intellectual Property Organisation (WIPO), a specialised agency of the United Nations. The GII 2012 benefits from the experience of Knowledge Partners Alcatel-Lucent, Booz '&' Company, and the ...  >>MORE

UAE seeks to increase Industrial sector role in GDP, Al Mansouri

Posted on 15/03/2012

Sultan bin Saeed Al Mansouri, Minister of Economy yesterday inaugurated a state-of-the-art coating line at Emirates Glass, a leading processor of architectural flat glass in the Middle East, a subsidiary of Glass LLC and wholly owned by Dubai Investments ("DI") PJSC. The installation of the Dh160 million post-temperable coating line aims to escalate production capacity to over 3.5 million square metres and is part of Glass LLC's strategic expansion plans. Partly operational since 2011, the ...  >>MORE

Khalifa Fund proposes 50 ideas for industrial projects of investments of up to Dh236 million

Posted on 09/02/2011

During the Industrial Investment Forum held in Abu Dhabi, Khalifa Fund for Enterprise Development has proposed 50 ideas for industrial projects to the local entrepreneurs in Abu Dhabi of total investment value amounting to about Dh236 million within the framework of the Fund's endeavours for contributing in developing and enhancing the industrial sector performance in Abu Dhabi in line with the Government's directives and Abu Dhabi Vision 2030. Hussain Jasim Al Nowais, Chairman of Khalifa ...  >>MORE

GCC production of polyethylene and polypropylene resins will rise to 31 million tonnes by 2015

Posted on 02/01/2011

The UAE and the Gulf region are set to become one of the world's largest sources of petrochemicals and plastics products as the oil-producing countries invest heavily in downstream petrochemicals. According to latest statistics, the polyethylene production capacities in the GCC will increase from 10.7 million tonnes in 2009 to 21.5 million tonnes by the year 2015. The production of polypropylene will also increase from 4.8 million tonnes in 2009 to 9.5 million tonnes by 2015, an increase of ...  >>MORE

Industrial investments in RAK set to surge 20%

Posted on 16/12/2010

Industrial investments in Ras Al Khaimah, which have exceeded more than US$3 billion since 2006, is set to surge 20 per cent in 2011, the emirate's investment authority said. "The emirate's vibrant industrial sector is on track to attract US$600 million in new investment next year,” the Ras Al Khaimah Investment Authority, or Rakia, said. Rakia, a major provider of investment opportunities and one-stop solutions in its free zones, industrial parks and offshore facilities, has set a record ...  >>MORE

UAE manufacturing sector steps up to the plate

Posted on 30/11/2010

Mohamed Omar Abdullah, Undersecretary, Department of Economic Development in Abu Dhabi, (DED) opened on Sunday the Middle East Manufacturing Exhibition (MEMEX 2010) at the Abu Dhabi National Exhibition Centre. DED is a leading strategic partner of MEMEX 2010. The manufacturing sector is a key component of the UAE's diversification strategy, stimulated by and the need to diversify away from the oil sector. "The UAE government is considering industries which will increase industrial output ...  >>MORE

Abu Dhabi unwraps world’s largest industrial zone

Posted on 14/11/2010

Abu Dhabi has unveiled its largest infrastructure project, the world's biggest industrial zone project being built in Taweelah, where certain industrial units that add value to the emirate's drive for economic diversification would be granted 100 per cent foreign ownership rights. The Khalifa Industrial Zone, or Kizad, is investing US$7.2 billion that includes the cost of the first phase of the Khalifa Port, an integral part of the mega project, said Abu Dhabi Ports (ADPC) Company Chief ...  >>MORE

UAE targets sharp rise in industrial sector

Posted on 25/10/2010

The UAE has set a target to sharply lift the industrial sector to contribute a quarter of the domestic economy in the next 15 years, an official at the Ministry of Economy said in remarks published on Monday. The non-oil industrial sector accounted for around 16.2 per cent of the gross domestic product in 2009 and there are plans to expand it to 25 per cent by 2025, said Mohammed Al Shihi, the Ministry of Economy Director. "The Ministry is working towards that goal through its policy of ...  >>MORE

Burj Khalifa bags 'best tall building' award

Posted on 17/06/2010

The Burj Khalifa, with three others, has bagged the best tall buildings in the world award, according to the Council on Tall Buildings and Urban Habitat. "We are pleased to announce the winners of its annual "Best Tall Building” awards for 2010. These awards recognize outstanding tall buildings from each of four geographical regions, and this year are awarded to: Bank of America Tower, New York (Americas); The Pinnacle @ Duxton, Singapore (Asia & Australasia); Broadcasting Place, Leeds ...  >>MORE

Ministry of Economy releases 2009 report on industry, investments

Posted on 05/05/2010

The number of industrial plants in the UAE reached 4644 with a total capital of Dh81,165 million on December 31st, 2009, compared to 4219 plants with a total capital of Dh77,45 billion in 2008, according to a recent report released by the Ministry of Economy. The "Industrial Plants, Investments and Workers in 2009" breaks down the figure as follows: food, beverages and tobacco 379 plants, textiles and readymade garments 282, wood ware and furniture 615, paper, printing and publishing 362, ...  >>MORE

Dh200bn worth projects under way in Abu Dhabi

Posted on 03/05/2010

The five mega projects totalling Dh200 billion now under way in Abu Dhabi will fundamentally change the emirate's production infrastructure, according to the emirate's Chamber of Commerce and Industry (ADCCI). Dr Mohammed Abdul Rahim, ADCCI's economic consultant, made the announcement during the 'Reality and Prospects of Industrial Sector of Abu Dhabi' seminar, organised yesterday by the Department of Economic Development. The projects are: Emirates Aluminium (Emal), built at a cost of some ...  >>MORE

Dubai a hub for metals trade

Posted on 20/04/2010

The UAE has fast emerged as a hub for metals trade and sees refining and re-export of 70,000 to 100,000 tonnes of non-ferrous metals every month – most of it in Dubai – industry insiders told ‘Emirates Business'. The total turnover of the largely silent industry stands at Dh16.5bn. This does not include companies like Emal and Dubal that smelt aluminium from alumina. The figure also does not include the turnover of steel producers in the country and excludes the high volume of gold being ...  >>MORE

Economy Ministry to publish amendments to industrial property law

Posted on 11/01/2010

The Ministry of Economy has announced plans to publish proposed amendments to the industrial property law no. 31 for 1996 on its website, inviting comments and suggestions from the stakeholders, experts and specialists. The Ministry's Under secretary Mohammed Ahmed bin Abdul Aziz Al Shihi said the amendments were aimed reforming industrial legislations to become in tune with the agreements signed by the UAE within the Trade Related Aspects of Industrial Property Rights (TRIPS) agreement. He ...  >>MORE

Sharjah's industrial GDP accounts for 48pc of UAE's industrial GDP

Posted on 30/05/2009

The economy of Sharjah today is rapidly growing and stable, according to Mr. Ali bin Salim Al Mahmoud, General Manager of the Sharjah Economic Development Department (SEDD). He said that an investor-friendly climate, flexible legal framework, simple procedures and a fair tax system, in addition to the provision of funding resources and qualified human resources with competitive costs all contributed towards the significant contribution of Sharjah's industrial sector to the economy of the ...  >>MORE

Dh8bn Industrial zone part of master plan

Posted on 28/05/2009

A Dh8 billion (USUS$2.17bn) industrial zone in the Abu Dhabi desert for construction and building materials firms is one of a host of projects the Government is planning to industrialise the emirate. The 34-square-kilometre Al Fayah Industrial Zone, being constructed by the Higher Corporation for Specialised Economic Zones (ZonesCorp), reflects the Government's latest efforts to create industrial clusters to boost economic growth and diversify away from oil revenues. The location, 75km east of ...  >>MORE

UAE traders resume steel imports as stocks decline

Posted on 21/05/2009

Steel traders in the UAE said they have resumed imports as stockpiles have almost come to an end. New import orders after a gap of almost six to seven months are being made at a much lower rate compared to the last year's orders. However, there are mixed reports about the way the prices are moving with traders saying there is an upward movement of about US$40 (Dh147) to US$50 compared to prices last week; whereas analysts have predicted stable prices. According to traders, prices of ...  >>MORE

Industrial units in Fujairah up by 2.4% to touch 173

Posted on 18/05/2009

The number of industrial establishments in Fujairah last year rose by 2.4 per cent to 173 from 166 in 2007, according to the emirate's 2008 statistical report. The total capital of the establishments rose to Dh7.338 billion compared with Dh6.6bn in 2007, an increase of 10.74 per cent. The number of labourers working in the establishments rose to 17,331, compared with 16,248 in 2007, an increase of 6.6 per cent. The number of commercial licenses rose to 8,308 compared with 6,081 in 2007, an ...  >>MORE

Emirates Steel begins commissioning of Dh802m steelmaking plant

Posted on 01/04/2009

Emirates Steel Industries (ESI) announced that it has commenced the commissioning of its new steelmaking plant in Mussafah. Construction of the country's first integrated steelmaking operation continues to advance with the commissioning of a world-scale plant that will produce steel billets, the raw material for ESI's new state-of-the-art rolling mills. This latest plant includes an electric arc furnace and a caster to mould the billets from the furnace's molten steel. H.E. Hussain Al ...  >>MORE

Polymers Park eyes foreign investment up to Dh3bn

Posted on 09/03/2009

Abu Dhabi Polymers Park is targeting Dh2 billion to Dh3bn in foreign direct investment, according to one of its top executives. It is also aiming to achieve 1.5 million tonnes to two million tonnes of conversions. The park is under the Abu Dhabi Basic Industries Corporation (Adbic). Mohamad Al Qamzi, Senior Vice-President, Adbic, told Emirates Business the park offers competitive costs, easy access to raw materials, low-cost electricity, a skilled workforce, world-class infrastructure and an ...  >>MORE

Ruwais Fertiliser expansion on track

Posted on 04/03/2009

The Ruwais Fertiliser Company (FERTIL) will push on with a multibillion dirham expansion project in the emirate in spite of a sharp fall in fertiliser prices worldwide, the company's general manager said yesterday. Mohamed Rashid al Rashid said FERTIL, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), will award a construction contract for the new plant in Ruwais midway through this year. The facility will produce urea and ammonia, two basic chemicals in use by the fertiliser ...  >>MORE

Fujairah Ruler opens cable plant

Posted on 02/03/2009

H. H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, inaugurated yesterday the cable plant of the Power Plus Cable Company at Al Hail Industrial Zone. Dr. Ibrahim Saad, Chairman of Statistics and Planning, Emiri Court, said the Dh 100 million plant will have a production capacity of 20,000 tonnes of different types of cable a year. 'Stretching 1500 square metre, the plant was mainly built to meet the growing demand for cables from local, regional and ...  >>MORE

Industrial Investment in Sharjah sees Dh249 million increase

Posted on 19/02/2009

Industrial investment has enjoyed huge growth in the UAE, lead by Abu Dhabi, followed by the emirates of Dubai, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain, and lastly Fujairah, despite having taken big steps itself regarding industrial improvements. Recent statistics recorded an 8% growth rate for industrial facilities in 2008, with an increase of 90 industrial companies compared to 2007, thus raising the number of companies in the emirate of Sharjah to a total of 1210 in 2008, compared to ...  >>MORE

Borouge, Spanish firm in US$1.39b deal

Posted on 09/02/2009

Abu Dhabi Polymers Company Limited (Borouge), said on Sunday it had signed a US$1.39 billion (Dh5.11 billion) deal with Técnicas Reunidas of Spain for work on an expansion project that will triple Borouge's polyolefins output. "Upon the completion of Borouge 2 in 2010, Borouge's production capacity will triple to over two million tonnes of polyolefins. This will enable Borouge to supply its customers with high performance and value added products for an increasingly wide range of applications ...  >>MORE

First integrated steel plant for UAE

Posted on 03/02/2009

Emirates Steel Industries (ESI) will start operation of a new steel billet plant in Musaffah this month, paving the way for the company to launch the country's first integrated steelmaking operation in the spring and control a third of the local ¬market. The plant will serve as a middle link in the integrated chain by turning reduced iron pellets into 1.4 million tonnes of rectangular billets, the raw material for adjacent rolling mills, which cast rebar and wire rod. When a third plant ...  >>MORE

Borouge and CWT in Singapore hub deal

Posted on 03/02/2009

Borouge, a leading provider of innovative, value-creating plastics solutions, has signed a service contract with CWT Logistics, Singapore, to establish the Borouge Southeast Asia logistics hub. According to the agreement, CWT Logistics will also provide local logistics services for Borouge's customers in Asia for 10 years with effect from its operational start-up date in 2010. CWT Logistics will undertake the design, development and construction of a packaging facility, together with ...  >>MORE

Emal advances energy infrastructure

Posted on 02/02/2009

Emirates Aluminium (EMAL) has received the delivery of major power generation equipment at the Abu Dhabi Ports Company (ADPC) berthing pier in Taweelah, for its smelter site. The arrival of the General Electric's (GE) frame 9FA advanced gas turbine and associated power generation equipment represents a logistics and infrastructure milestone for the world's largest single-site aluminium smelter complex. EMAL has also taken delivery of more than 125 truckloads of associated equipment. ...  >>MORE

Industrial park being set up in Al Ain

Posted on 10/12/2008

An Industrial Park is being developed in Al Ain, on 15-square kilometres area, where at least 40 medium to large size industrial units will be setup to manufacture construction materials. "Once completed, the park will have an integrated complex of building materials factories and associated support infrastructure. We will have a ‘one-stop shop' for construction-related materials and equipment,” said Dr Jeremy Rowson, Arkan's Chief Operating Officer, told Khaleej Times in an interview. The ...  >>MORE

EMAL one step closer to building power facility for smelter in Abu Dhabi

Posted on 24/11/2008

The Emirates Aluminium (EMAL) smelter currently under construction in Abu Dhabi has successfully received the first delivery of General Electric equipment at the Abu Dhabi Ports Company (ADPC) berthing dock in Al Taweelah. The delivery of two 75-tonne combustion turbine exhaust gas diverters is the next step in achieving hot metal in 2010 and when the power plant is complete, it will be of the largest, single-site combined cycle power plants in the world. The construction dock in Al Taweelah ...  >>MORE

EMAL smelter on target for hot metal production in 2010

Posted on 13/11/2008

Emirates Aluminium (EMAL) CEO, Duncan Hedditch, confirmed at the MEED Abu Dhabi Conference that the UAE's industrial flagship, the world's largest single site aluminium smelter complex, is on schedule to produce hot metal by 2010. As part of the Petrochemicals and Heavy Industries panel at the Conference, Duncan Hedditch presented "From a vision of the future to an emerging reality" incorporating the latest developments on the EMAL site, production updates and a review of milestones achieved. ...  >>MORE

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Quick List

Dubai Industrial Park opens 70 warehouses and storage spaces for lease


Sharjah unveils Al Saja'a Industrial Oasis


Dubai Industrial City registers 28% growth in revenue and 59% increase in gross profit


Investments in the UAE industrial sector amounts to Dh127b


Performance of industrial sector of Abu Dhabi continues to improve in first half of 2014


EGA Jebel Ali site launches project to enhance operations


UAE is world's fourth largest aluminium producer


Dubai Investments contributes to UAE's manufacturing and industrial growth


Emirates Steel dispatches first shipment of structural steel to United States


EMAL's partnership with Khalifa Port aids Phase II construction


UAE's manufacturing sector poised for large-scale investments, says Dubai Chamber study


Dubai industrial park opens to foreign investors


UAE ranks among top 50 countries in Global Innovation Index


UAE seeks to increase Industrial sector role in GDP, Al Mansouri


Khalifa Fund proposes 50 ideas for industrial projects of investments of up to Dh236 million


GCC production of polyethylene and polypropylene resins will rise to 31 million tonnes by 2015


Industrial investments in RAK set to surge 20%


UAE manufacturing sector steps up to the plate


Abu Dhabi unwraps world’s largest industrial zone


UAE targets sharp rise in industrial sector


Burj Khalifa bags 'best tall building' award


Ministry of Economy releases 2009 report on industry, investments


Dh200bn worth projects under way in Abu Dhabi


Dubai a hub for metals trade


Economy Ministry to publish amendments to industrial property law


Sharjah's industrial GDP accounts for 48pc of UAE's industrial GDP


Dh8bn Industrial zone part of master plan


UAE traders resume steel imports as stocks decline


Industrial units in Fujairah up by 2.4% to touch 173


Emirates Steel begins commissioning of Dh802m steelmaking plant


Polymers Park eyes foreign investment up to Dh3bn


Ruwais Fertiliser expansion on track


Fujairah Ruler opens cable plant


Industrial Investment in Sharjah sees Dh249 million increase


Borouge, Spanish firm in US$1.39b deal


First integrated steel plant for UAE


Borouge and CWT in Singapore hub deal


Emal advances energy infrastructure


Industrial park being set up in Al Ain


EMAL one step closer to building power facility for smelter in Abu Dhabi


EMAL smelter on target for hot metal production in 2010