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THE ECONOMY - INDUSTRY

Tameer says construction of Emirates Modern Industrial Area is nearly finished

Posted on 12/03/2006

Property developer Tameer Holding said yesterday it has completed 95 per cent of the Emirates Modern Industrial Area (Emia) in Umm al-Qaiwain. Emia is focused on industrial interests. The design incorporates commercial, industrial and residential activities, featuring labour camps, shops and storage areas. The industrial space has been constructed on about 80 million square feet at a cost of US$68.2 million (Dh250m),Tameer said. The total length of roads in the project is 60km, with the ...  >>MORE

EMAAR Industries plans US$1b projects

Posted on 08/03/2006

EMAAR Industries and Investments (EII), a private joint stock company launched by property developer EMAAR in February last year, is working on nine industrial projects valued at US$1 billion. An EMAAR Industries official told Gulf News the company will work with strategic partners to establish these projects in Gulf countries. EII will set up the projects to make engineering goods, construction materials and petrochemical products, the company's corporate head Marcel Rached said. The ...  >>MORE

Abu Dhabi to set up 30 industrial clusters

Posted on 28/02/2006

Abu Dhabi will set up 30 industrial clusters spread across more than 300 square kilometres of land in Abu Dhabi within the next seven years that will diversify the emirate's economy and attract investment, officials announced yesterday. To put this in context, Jebel Ali Airport City the Dubai's largest project is about 140 square kilometres, according to a report in Gulf News. "The clusters including metal, chemical and petrochemicals, food processing industries, construction and building ...  >>MORE

EMPOWER to announce major contract and unveil blueprints for two cooling plants at WETEX 2006

Posted on 27/02/2006

Emirates Central Cooling Systems Corporation (EMPOWER) announced yesterday that it will participate in the Water, Energy, Technology and Environment Exhibition (WETEX) for a third year in a row. At WETEX 2006, scheduled to be held at the Dubai World Trade Centre from March 13 - 15, EMPOWER will announce the signing of a major 25-year cooling contract with one of Dubai's mega projects. It will also unveil blueprints of two district cooling plants being built to provide cooling services to ...  >>MORE

HCSEZ to outline the economic diversification strategy

Posted on 22/02/2006

In its continuing thrust towards the economic transformation of Abu Dhabi, the Higher Corporation for Specialized Economic Zones (HCSEZ) will give further insight into upcoming projects in the Emirate of Abu Dhabi. HCSEZ is at the forefront of driving the emirate's thrust towards diversifying the economy and boosting non-oil GDP. HCSEZ promotes investment in Specialized Economic Zones (SEZs) by targeting local and international investors as well as potential business partners. The French ...  >>MORE

Dh100 million concrete plant in Abu Dhabi

Posted on 21/02/2006

German Emarati Company (BENA) - an LLC established by BENA Group, Alfia Investment Company (Offset Fund) and Coppins Holdings - has signed an agreement with Germany -based MASA HENKE to build a highly automated Precast Autoclaved Concrete (PAC) plant in Mussaffah at a total cost of Dh100 million. The project will be financed via long-term facility, arranged with Abu Dhabi Commercial Bank The agreement was signed yesterday by Mohamed Khalaf Al Mazrouei, Director of BENA and Jorg Hulsiggensen, ...  >>MORE

HCSEZ to outline the economic diversification strategy of Abu Dhabi

Posted on 19/02/2006

In its continuing thrust towards the economic transformation of Abu Dhabi, the Higher Corporation for Specialized Economic Zones (HCSEZ) will give further insight into upcoming projects in the Emirate of Abu Dhabi. HCSEZ is at the forefront of driving the emirate's thrust towards diversifying the economy and boosting non-oil GDP. HCSEZ promotes investment in Specialized Economic Zones (SEZs) by targeting local and international investors as well as potential business partners. The French ...  >>MORE

Mubadala, DUBAL sign US$ 6-billion smelter complex in Abu Dhabi

Posted on 19/02/2006

In a landmark strategic alliance, Dubai Aluminium Company DUBAL, one of the world's largest aluminum producers, and Mubadala Development Company, a wholly-owned investment vehicle of the Government of the Emirate of Abu Dhabi, have signed a joint protocol (JP) and a joint development agreement (JDA). His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Chairman of Abu Dhabi Executive Council, Deputy Supreme Commander of the UAE Armed Forces and Chairman of ...  >>MORE

Ground breaking ceremony for Float Glass plant held in Abu Dhabi

Posted on 15/02/2006

Emirates Float Glass LLC (EFG) yesterday held the grand ground breaking ceremony at its 320,000 square meters plot in Industrial City of Abu Dhabi (ICAD). Leading dignitaries from Government and business houses including investors, glass processors, fabricators, building developers, consultants and contractors attended the function. Khalid Kalban, MD and CEO of Dubai Investments praised the excellent support provided by the Higher Corporation of Specialized Economic Zones (HCSEZ) and the ...  >>MORE

Geo-textile factory in Abu Dhabi

Posted on 13/02/2006

Emirates Link Group, Cosmoplast UAE and Trace Services Abu Dhabi formed a Limited Liability Company, LLC, yesterday to produce Geotextile fabrics in Abu Dhabi. The Dh 55 million factory will be built in the Industrial City here next to the Pipe Manufacturing Complex in Mussafah. The factory will commence production early next year catering for polypropylene non-woven fabrics of various thickness. The planned annual production capacity of the new factory is 8,000 tonnes of extruded ...  >>MORE

Ducab to set up Dh125m in copper rod casting plant

Posted on 12/02/2006

Ducab, the leading manufacturer of high quality power cables in the Middle East, has made a capital investment of Dh125 million to set up a copper rod casting plant in its Abu Dhabi factory premises. The move is part of Ducab's strategy for backward integration of processes, mainly to cater for its raw material requirements needed for the manufacture of high quality power cables. The new plant will have a capacity of manufacturing up to 160,000 tons of 8 millimetre (mm) copper rod a ...  >>MORE

Switzerland's Holcim enters UAE market

Posted on 11/02/2006

Zurich - The Swiss cement giant Holcim announced yesterday that it had entered the fast growing United Arab Emirates market, acquiring a 25 per cent stake in a local firm. Holcim did not disclose the cost of its investment in the National Cement Factory company, which is based in Abu Dhabi. The firm was founded last year by the Emirates International Investment Company and other local investors in order to build a grinding station in Abu Dhabi, Khaleej Times quoted Holcim as saying. When the ...  >>MORE

DUBAL to explore new growth areas in 2006

Posted on 11/02/2006

Dubai Aluminium Company (DUBAL) yesterday announced a 10 per cent increase in net profit for 2005, in comparison with 2004, and approved a 100,000tonne expansion plan at a cost of US$392 million (Dh1.43 billion). The expansion, which is part of its 10-year Future Strategic Programme, will see the aluminium giant add an annual capacity of 100,000 tonnes of hot metal, raising its total hot metal production capacity to 861,000 tonnes per year during the last quarter of 2006. "The year 2005 ...  >>MORE

EFG Lays Foundation Stone for Float Glass Plant

Posted on 09/02/2006

Emirates Float Glass (EFG) LLC, founded by Dubai Investments, has announced that the ground breaking ceremony of its 320,000 square meter plot at Industrial City of Abu Dhabi (ICAD), will be held on February 14th. Khalid Kalban, Dubai Investments' Managing Director and CEO, acknowledged the support provided by H.H. Sheikh Hamed Bin Zayed Al Nahyan, Chairman of the Higher Corporation of specialized Economic Zones, and the management of ICAD which helped in expediting the project's ...  >>MORE

DUBAL buys two Alstom turbines

Posted on 06/02/2006

Dubai Aluminium Company Ltd (DUBAL) has awarded a $240 million (Dh882.72 million) order to French engineering group Alstom for the supply of two turbines. The deal involves the turnkey construction of a 430 megawatt gas-fired power plant and the supply of fume treatment systems for an aluminium smelter. "The work will be completed by the end of 2007," Alstom's country head Sylvain Hijazi told Gulf News. One turbine will be operational in January and the second in February next year, he said. ...  >>MORE

New cement factory at HFZ

Posted on 03/02/2006

Sheikh Khalid bin Abdullah bin Sultan Al Qasimi, Chairman of Sharjah-based Hamriyah Free Zone (HFZ), on Wednesday signed an agreement with Prince Talal bin Bader bin Saud bin Abdulaziz, Chairman of the Council of Ro'ya Industrial Company to set up the Ro'ya Cement Factory, the largest Investment project at the zone. The factory will cost Dh1.5 billion and have a production capacity of 3.6 million tonnes a year. Prince Talal said Sharjah was chosen as a place for commissioning the factory ...  >>MORE

Ras al-Khaimah opens porcelain plant

Posted on 30/01/2006

The Dh80 million RAK Porcelain company was inaugurated on Saturday by Sheikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah. The company will produce 15 million pieces of premium quality porcelain tableware annually. The production of the state-of-the-art tableware plant will be doubled in the near future. The plant has four models (a model has 86 pieces) and five other models will be introduced soon. The company manufactures top of the range porcelain tableware ...  >>MORE

Integrated Steel Complex to be built in Abu Dhabi

Posted on 24/01/2006

An EPC Contract governing the construction of what will be one of the largest integrated steel complex in the region was signed yesterday between General Holding Corporation (GHC) of Abu Dhabi and Danieli & C Officine Meccaniche SpA (Danieli) of Italy. Commenting on the new agreement, Sheikh Hamed Bin Zayed AI Nahyan, Chairman of the Department of Planning and Economy, acting in his capacity as Chairman of the Board of Directors of GHC, stated that the complex will be an expansion to the ...  >>MORE

GHC pumps in Dhs2.6b to ramp up steel output

Posted on 15/01/2006

Abu Dhabi-based General Holding Company, GHC, has approved a plan to augment production at its Emirates Iron and Steel Factory from 600,000 tonnes to two million tonnes per year at a total cost of US$700 million (Dh2.6 billion). The expansion will follow a development plan adding new production lines this year which will raise the factory's production capacity by one and a half times, according to dailies. According to well-informed sources, the factory achieved very good results in 2005 as ...  >>MORE

Industrial investments in UAE exceed Dh82.7b

Posted on 27/12/2005

Investment in the UAE's manufacturing sector has grown by 44.3 per cent in 2004, an increase of Dh19.3 billion to Dh82.7 billion. Jamal Nasser Lootah, assistant under-secretary for industrial affairs in the Ministry of Finance and Industry, said that the number of industries reached 3,036 in 2004, an increase of 144 per cent in 10 years, according to a report in Gulf News. He said that processing industries are experiencing strong growth as their total production value rose ten-fold from ...  >>MORE

Ducab receives ISO 9001 certification for Abu Dhabi plant

Posted on 26/12/2005

Ducab, the leading manufacturer of high quality power cables in the Middle East, has acquired ISO 9001:2000 certification for its recently opened Abu Dhabi plant. The certification was given by the British Approval Services for Cables (BASEC), an industry renowned audit body for cables. The move came as a result of a series of stringent processes and inspections to ensure full compliance with prescribed ISO standards, according to a press release. The Abu Dhabi plant is Ducab's biggest ...  >>MORE

Palm District achieves milestone

Posted on 12/12/2005

Palm District Cooling (PDC) has reached a major milestone of commitment to supply 500,000 tonnes of cooling demand in district cooling to the UAE. PDC was recently awarded a Dh500 million contract by Nakheel to construct 120,000 tonnes of cooling capacity in four district cooling plants located on the Crescent of Palm Jumeirah. PDC was chosen as the preferred supplier for the Palm Jumeirah Crescent and one of its major customers will be the Atlantis Resort. It will produce and distribute ...  >>MORE

Abu Dhabi to focus on heavy industry, says Hamed

Posted on 19/11/2005

The government of Abu Dhabi will make use of its energy resources to diversify into heavy industry, according to Sheikh Hamed bin Zayed Al Nahyan, the Chairman of the Abu Dhabi Economy and Planning Department. In a lengthy interview in 'Emerging Abu Dhabi 2006', a business review of the emirate published by the Oxford Business Group in association with the Mubadala Development Company, Sheikh Hamed said that: "we are interested in developing heavy industry, like aluminium, steel, ...  >>MORE

New Dh 200-million cement factory to be set up in Abu Dhabi

Posted on 18/11/2005

A new Dh 200- million cement factory will be set up in Abu Dhabi, local investors revealed as reported by a local daily on Wednesday. The Abu Dhabi-based Al-Ittihad Arabic daily quoted Abdulrazzaq Mohammad Al Mohammad, Managing Director of the factory, as saying, " the factory signed a contract with an Austrian-German joint venture company in order to build the factory, the construction of which will take approximately 13 months and will be ready for commissioning by the fourth quarter of next ...  >>MORE

DUBAL completes expansion with launch of new potline

Posted on 16/11/2005

Dubai Aluminium Company (DUBAL), one of the largest smelters in the world, marked the completion of its US$180-million expansion programme yesterday with the launch of phase-1 of potline-7. The expansion has raised DUBAL's annual capacity by 74,000 tonnes to 761,000 tonnes. The project which began in June last year was completed ahead of schedule in May. Industry sources viewed the expansion as timely because it comes at a time when smelters in Europe, particularly Russia, are closing down ...  >>MORE

UAE-Australian firms to make buses in Abu Dhabi Industrial City

Posted on 14/11/2005

Abu Dhabi-based Emirates Support Group has entered into an agreement with the Australian bus maker Volgren to manufacture buses at the Abu Dhabi Industrial City (ADIC). Sources told the Emirates News Agency (WAM) that the Dh 75-125 million plant will have the capacity of making 300 buses (of 26 to 51 passengers) a year. 'Initial investment is put at Dh75 million and is expected to be raised latter to Dh125 million. The plant is projected to go on stream by the end of 2006,' they said, noting ...  >>MORE

Marketing and Advertising expenditure in Gulf registers 25 % rise

Posted on 09/11/2005

The marketing and advertising expenditure in the Gulf surged to US$943.77 million in the first quarter of 2005 compared to US$753.07 million for the same period last year, registering an increase of 25.32 per cent. The UAE saw a jump of 45 per cent over 2004, with expenditure reaching US$206.45 in the first quarter. Stephen Walsh, exhibition director of The Domus Group, organiser of The Media and Marketing Show 2005 which is being held at the Dubai International Exhibition Centre said: "The ...  >>MORE

Tabreed's nine-month net profit up160%

Posted on 31/10/2005

National Central Cooling Co. - "Tabreed" yesterday announced revenues of Dh285 million for the nine-month period ended on September 30 of fiscal 2005. This represents an increase of Dh134 million over the company's revenues for the same period of 2004. Profit from operations soared to Dh 69 million compared to Dh 29 million over the same period in the previous year. Net profit rose more than 160-per cent to Dh 44 million from Dh 17 million in 2004. (The Khaleej Times) ...  >>MORE

Empower wins City of Arabia contract

Posted on 10/10/2005

Emirates Central Cooling Systems Corporation (Empower) will supply 120,000 refrigeration tonnes of district cooling over the next 25 years to City of Arabia, a residential and commercial project in the heart of Dubailand. The agreement is between the Galadari Group which is developing part of the Dubailand project, and Empower, a member of Dubai Holdings. As part of the contract, Empower will provide district cooling services to various developments in the City of Arabia. These include the ...  >>MORE

DUBAL in landmark twin deal with Global Alumina

Posted on 05/10/2005

Dubai Aluminium Company, DUBAL, signed a landmark twin deal with Global Alumina Corporation, a Canadian company with its administrative office in New York city, to ensure long-term alumina supplies and the initial tranche of its subscription for equity investment. The twin deal reiterates DUBAL's commitment for growth under the directives of Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister for Finance and Industry and Chairman of DUBAL in order to adhere to the ...  >>MORE

Two steel plants to be set up in Mussaffah

Posted on 03/10/2005

Al Nasser Industrial Enterprises (ANIE), one of the UAE's leading private sector manufacturing companies, today announced plans to establish two steel manufacturing plants with a combined capacity of 450,000 TPA in Mussaffah. The plants represent a major backward integration for ANIE's steel manufacturing business. One of the new plants will manufacture steel billets and the other will be an HYL-ZR DRI (Direct Reduced Iron) plant. The two manufacturing plants will have 300 employees and ...  >>MORE

RAK Ceramics in JV with Italian firm

Posted on 03/10/2005

Ras Al Khaimah Ceramics has joined hands with an Italian company to form a joint venture company, Chemica, which will specialise in production, marketing and distribution of chemicals used in ceramic production. RAK Ceramics has informed Abu Dhabi Securities Market (ADSM) of the joint venture formation. The venture is owned 55% by RAK Ceramics and 45% by Smal Tu Chemica of Italy. (The Emirates News Agency, WAM) ...  >>MORE

Italian company wins ADNPM's Dh200m contract

Posted on 23/09/2005

The Abu Dhabi National Paper Mill (ADNPM) has selected Italy's OverMeccanica for a Dh200 million turnkey project involving supply and installation of second tissue machine and ancillary equipment. The project will expand the mill's annual capacity to over 60,000 tons of paper tissues. During this year the Paper Mill Shareholders approved the expansion plan to install the second tissue machine with a new fibre preparation plant to develop recycled based products. ADNPM is a member of the Abu ...  >>MORE

Joint venture between Dubal, India's Larsen and Tubro

Posted on 18/09/2005

Dubai Aluminium Company, DUBAL, which has one of the world's largest single site aluminium smelter, today officially signed a Joint Venture Agreement with Larsen and Toubro, India's leading diversified engineering and construction conglomerate for bauxite mining-cum-alumina refinery and smelter project in the eastern Indian state of Orissa. The project has already been approved by Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister for Finance and Industry and Chairman ...  >>MORE

RAK teams up with India's JBF to set up Dh308m plant

Posted on 17/09/2005

The Ras Al Khaimah Investment Authority (RAKIA) and India's JBF Industries are investing Dh308.28 million to set up a polyester PET resin packaging chips plant in Ras Al Khaimah. A Gulf News report quoted JBF officials as saying that the joint venture will have a production capacity of 600 tonnes of SSP chips and 300 tonnes of polyester film per day. A vertically integrated plant, it will use raw materials that are available in abundance in the region. Plant and machinery will be imported ...  >>MORE

Dubai Holding, Orascom to invest in cement projects

Posted on 13/09/2005

The establishment of major new construction-related firm, Emirates Cement Company, was announced yesterday by Mohammed Al Gergawi, Chief Executive Officer of Dubai Holding and Chairman of Dubai Investment Group, a member of Dubai Holding. He explained that the new company was established by Dubai Holding in partnership with Orascom Construction Industries (OCI), Dubai Investment Group (DIG) and the Government of the Emirate of Fujairah. He also announced that as the first project, The ...  >>MORE

Abu Dhabi to build Dh2-billion Steel complex

Posted on 11/09/2005

Abu Dhabi Saturday inked a Memorandum of Good Will with Italian Danielli company on the construction of an over Dh 2-billion steel manufacturing complex, the largest of its kind in the UAE. The final agreement will be concluded shortly. Sheikh Hamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Planning and Economy Department, who signed the memo for Abu Dhabi government, said today's move was a result of the directives of President H.H. Sheikh Khalifa bin Zayed Al Nahyan and close follow ...  >>MORE

First phase of Emirates Industrial City will be complete by early next year

Posted on 07/09/2005

Emirates Industrial City, one of the largest industrial projects in Sharjah, will complete its first phase early next year, said a top official. Sheikh Abdullah Al Shakra, chairman of Al Hanoo Holding Company and Emirates Industrial City Company, the developer and owner of the project, said the City will have eight sectors accommodating over 3,000 medium and light industrial ventures as well as commercial enterprises and residential areas. Located in the Saja'a district of Sharjah along the ...  >>MORE

India's Nalco plans US$3b Abu Dhabi aluminium smelter

Posted on 07/09/2005

India's National Aluminium Company Limited (Nalco) plans to set up a US$3 billion (Dh11.04 billion) aluminium smelter in Abu Dhabi, and Reliance Industries may invest in a petrochemical plant, official sources said. "India's investments are poised to take off in a big way in the UAE following Sheikh Hamed Bin Zayed Al Nahyan's recent visit to India. Some of the big Indian companies are planning to invest here," said C.M. Bhandari, India's new ambassador to the UAE. "Nalco is thinking of ...  >>MORE

Construction on first UAE's float glass plant to commence in October

Posted on 23/08/2005

Dubai Investments PJSC, has announced that the construction of Emirates Float Glass, the first ever float glass plant in the UAE, is set to commence in October 2005 at the Industrial City of Abu Dhabi. The US$200 million project, jointly set up by Dubai Investments, Abu Dhabi Investment Company (ADIC) and a select group of strategic investors from the region, is expected to produce 600 tonnes of float glass per day. Dubai Investments has already established a formidable presence in the glass ...  >>MORE

DUBAL commissions region's first Dh100m. multipurpose casting machine

Posted on 22/08/2005

Dubai Aluminium Company DUBAL, internationally recognized as one of the major aluminum producers, recently commissioned the Dh.100-million Casthouse-3 machinery in collaboration with the Italian major "Properzi". DUBAL is the first company in the region to install and commission such state-of-the-art machinery. "This initiative is in line with the directives given by Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister for Finance and Industry and Chairman of DUBAL, with ...  >>MORE

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Quick List

Tameer says construction of Emirates Modern Industrial Area is nearly finished


EMAAR Industries plans US$1b projects


Abu Dhabi to set up 30 industrial clusters


EMPOWER to announce major contract and unveil blueprints for two cooling plants at WETEX 2006


HCSEZ to outline the economic diversification strategy


Dh100 million concrete plant in Abu Dhabi


HCSEZ to outline the economic diversification strategy of Abu Dhabi


Mubadala, DUBAL sign US$ 6-billion smelter complex in Abu Dhabi


Ground breaking ceremony for Float Glass plant held in Abu Dhabi


Geo-textile factory in Abu Dhabi


Ducab to set up Dh125m in copper rod casting plant


Switzerland's Holcim enters UAE market


DUBAL to explore new growth areas in 2006


EFG Lays Foundation Stone for Float Glass Plant


DUBAL buys two Alstom turbines


New cement factory at HFZ


Ras al-Khaimah opens porcelain plant


Integrated Steel Complex to be built in Abu Dhabi


GHC pumps in Dhs2.6b to ramp up steel output


Industrial investments in UAE exceed Dh82.7b


Ducab receives ISO 9001 certification for Abu Dhabi plant


Palm District achieves milestone


Abu Dhabi to focus on heavy industry, says Hamed


New Dh 200-million cement factory to be set up in Abu Dhabi


DUBAL completes expansion with launch of new potline


UAE-Australian firms to make buses in Abu Dhabi Industrial City


Marketing and Advertising expenditure in Gulf registers 25 % rise


Tabreed's nine-month net profit up160%


Empower wins City of Arabia contract


DUBAL in landmark twin deal with Global Alumina


Two steel plants to be set up in Mussaffah


RAK Ceramics in JV with Italian firm


Italian company wins ADNPM's Dh200m contract


Joint venture between Dubal, India's Larsen and Tubro


RAK teams up with India's JBF to set up Dh308m plant


Dubai Holding, Orascom to invest in cement projects


Abu Dhabi to build Dh2-billion Steel complex


First phase of Emirates Industrial City will be complete by early next year


India's Nalco plans US$3b Abu Dhabi aluminium smelter


Construction on first UAE's float glass plant to commence in October


DUBAL commissions region's first Dh100m. multipurpose casting machine