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THE ECONOMY - INDUSTRY

Empower's district cooling consumption rose 23.2% in July 2012 against same period last year

Posted on 27/08/2012

Emirates Central Cooling Corporation (Empower), the largest district cooling service provider in the region, has said that consumption of district cooling provided by the company rose by 23.2 percent in July 2012, compared to same period last year. The company also reported that its total square footage committed to district cooling has achieved a remarkable increase. Ahmad Bin Shafar, CEO of Empower, said that the increase reflects the economy rebound in the UAE and it shows that the country ...  >>MORE

EMAL's first steel raised in Phase II expansion

Posted on 08/08/2012

The first structural steel for Emirates Aluminium's (EMAL) Phase II expansion was erected on 29 July bringing the latest milestone for the UAE flagship industrial project and the company another step closer to becoming one of the world's largest single-site aluminium smelters. Once completed in 2014, the potline at the Al Taweelah site will be the longest in the world at 1.7 km. Saeed Al Mazrooei, EMAL President and CEO, commented on this event "I am pleased to see phase II progressing on ...  >>MORE

EMAL celebrates record production of 1.5 million tonnes of hot metal

Posted on 23/07/2012

Emirates Aluminium (EMAL) has achieved another milestone: 1.5 Million tonnes of hot metal produced. This is the fastest production achievement ever witnessed in the history of the global aluminium industry, with the last seven months producing 500 thousand tonnes of aluminium alone. Commenting on this accomplishment, Saeed Fadhel Al Mazrooei, President and CEO of EMAL said: "Excellence in all we undertake is evident in the fact that not a single pot has been lost since inception, as well by ...  >>MORE

Steel prices in Abu Dhabi up 4.8% MoM in June, SCAD's report shows

Posted on 15/07/2012

Statistics Centre - Abu Dhabi (SCAD) issued yesterday its monthly report on the prices of building materials for the month of June and the second quarter of 2012. The report presents an analysis of the movements in the prices of the various materials used in the construction industry in Abu Dhabi retail market during June and the second quarter of 2012. The dissemination of the report, which presents a wide range of price data, is intended to serve the needs of data users in the public and ...  >>MORE

Tiles pave path to prosperity at RAK Ceramics

Posted on 10/07/2012

If you have passed through Heathrow Airport or been to Wembley Stadium, you will have walked on a tiny portion of the 1 billion square metres of tiles that have come off one company's manufacturing line. But to find that global leader, you will have to travel thousands of miles from these London landmarks to the emirate of Ras Al Khaimah (RAK). RAK Ceramics, the world's largest maker of ceramic tiles, was founded in 1991, long before the building boom began in the UAE, leaving the company ...  >>MORE

Dubal, GE excel in aluminium production

Posted on 01/07/2012

A power generation and energy management system modernisation project undertaken by Dubai Aluminium (Dubal) and GE has been rewarded with the top honours in the ‘Best Brownfield Technology’ category of the American Metal Market’s Awards for Aluminium Excellence. The award was presented to company representatives on 12 June 2012, during the 2nd Annual Aluminium Summit, which was hosted by leading metals publication, American Metal Market, in New York from 11 to 13 June this year. The ...  >>MORE

EMAL adds foundry ingots to its product portfolio

Posted on 28/06/2012

EMAL has announced the launch of a new added value product in 2012: foundry aluminium which is mainly used in the automotive sector. The addition of foundry to EMAL's portfolio is part of its long term vision of producing more value added products as it develops into one of the world's largest single-site aluminium smelters. Total annual production at the Al Taweelah will rise to 1.3 million metric tonnes once the Phase II expansion is completed in 2014. EMAL President and CEO, Saeed Fadhel ...  >>MORE

Nestlé to invest over Dh500m to build manufacturing facility at Dubai World Central

Posted on 27/06/2012

H.H. Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Dubai Aviation City Corporation has yesterday (June 26, 2012) received Walter the Swiss Consul General Deplazes and Chairman '&' CEO Nestlé Middle East Yves Manghardt. The visit comes after Nestlé's CEO signed a partnership agreement with Dubai World Central (DWC) for a 175,000 square meter-plot. An initial investment of over Dhs500m has been earmarked by Nestlé for the manufacturing facility for nutrition, culinary and coffee products. H.H. ...  >>MORE

Emirates Steel scoops Quality System Certificate for manufacture of concrete reinforcing bar

Posted on 27/06/2012

Emirates Steel has been awarded a Quality System Certificate (QSC) as a Material Organization (MO) from the American Society of Mechanical Engineers (ASME) for the manufacture of concrete reinforcing bar (rebar). The Company is the fourth rebar manufacturer worldwide to be awarded this certificate and the first in the GCC. "The ASME Certificate and the implementation of our Nuclear Quality System (NQS) program will enable us to produce and supply our products to companies involved in ...  >>MORE

UAE smelters leverage annual USA Aluminium Summit

Posted on 19/06/2012

Senior industry representatives gathered in New York, USA recently for the 2nd Annual Aluminium Summit, hosted by leading metals publication, American Metal Market. Dubai Aluminium ("DUBAL") and Emirates Aluminium ("EMAL") leveraged the opportunity to reach this prestigious audience by participating jointly in the exhibition held alongside the summit. The combined DUBAL-EMAL exhibition stand showcased the two companies, and their product portfolios. DUBAL's Marketing and Sales team is ...  >>MORE

Abu Dhabi seeks investors for aluminium hub

Posted on 13/06/2012

Abu Dhabi wants to create a downstream aluminium hub in its new industrial complex as part of the UAE's efforts to diversify beyond oil and gas, a senior official in charge of the strategy told Reuters in a New York interview on Monday. Talks with prospective investors are under way, with automotive parts manufacturers in the United States, India, Japan and Europe interested in setting up shop in the massive Khalifa Industrial Zone (Kizad) in Abu Dhabi, said Khalid Salmeen, executive vice ...  >>MORE

Fujairah launches biggest textile factory in Middle East

Posted on 12/06/2012

The emirate of Fujairah, known for its port and beachside resorts, now also boasts the biggest textile factory in the Middle East. Producing 10,000 tonnes of cotton yarn each year, the plant was built at a cost of Dh225 million (US$61.2m) by the Azerbaijan government, in partnership with Fujairah Government. "Within the UAE, we believe that Fujairah provided the best facilities to foreign investments,” said Raj Kumar Kak, the chief executive of United Textiles FZE, a new company running the ...  >>MORE

UAE smelters on show at aluminium summit in US

Posted on 11/06/2012

Senior industry representatives from aluminium industry will gather in New York, from June 11 to 13 for the 2nd Annual Aluminium Summit. This forum, hosted by leading metals publication, American Metal Market, brings high-level leadership and market participants together to share and debate ideas for advancing the aluminium industry and its supply chain. Aiming to leverage the opportunity to reach this prestigious audience, the UAE's primary aluminium producers — Dubai Aluminium (DUBAL) and ...  >>MORE

Mubadala in talks on refinery for alumina

Posted on 30/05/2012

The owners of the world's largest aluminium smelter, which is being built in Abu Dhabi, are studying the addition of an alumina refinery to the site that could transform the emirate into a global hub for aluminium production. Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, has issued a tender to study the feasibility of developing a refinery at its existing Emirates Aluminium (Emal) smelter site in Taweelah. That would give the operation much greater ...  >>MORE

Sharjah may achieve 5% industrial growth in 2012

Posted on 24/05/2012

Sharjah, the industrial capital of the UAE, expects to achieve up to five per cent industrial growth in 2012, compared to last year, according to a top official of Sharjah Chamber of Commerce and Industry (SCCI). The Emirate's manufacturing sector contributes more than 35 per cent of the country's total production. Last year Sharjah achieved Dh21 billion industrial production, so it's expected to achieve Dh22.1 billion production. "On the basis of GDP forecast, we can target 3-5 per cent ...  >>MORE

UAE 'to invest Dh51bn in desalination stations'

Posted on 24/05/2012

The UAE is to invest Dh51 billion in desalination stations and distribution networks over the next four years. At the global summit for water in the oil and gas sector that began yesterday in Dubai, Dr Mariam Al-Shenasi, the undersecretary of the Ministry of Environment and Water, revealed that the UAE will invest in a programme of works to run until 2016. She explained that the UAE relies on three main sources of water; groundwater makes up for 51 per cent of the country's resources; ...  >>MORE

EMAL named 'Best Industrial Project in the GCC' for 2012

Posted on 24/05/2012

Emirates Aluminium (EMAL) has been awarded the prestigious GCC Industrial Project of the Year at the MEED Quality Awards for Projects 2012. The award is in recognition of the successful completion of Phase I of the Al Taweelah-based smelter, which was delivered ahead of schedule and to budget. The accolade was announced in a ceremony held at The Westin Resort in Abu Dhabi. The MEED Quality Awards for Projects are for projects fully completed and successfully operating and that cover some ...  >>MORE

High-tech shape to the future of Dubai

Posted on 16/05/2012

Dubai aims to reshape its economy following the global financial crisis by swapping focus on its property sector to high-tech industry. High-tech manufacturing would complement the emirate's existing "classical pillars" of the economy - trade, tourism and services, said Sami Al Qamzi, the director general of Dubai Department of Economic Development (DED). "The high-end value of manufacturing might be tapped," he said. "If there's appetite, Dubai will definitely go in this direction." In ...  >>MORE

Kizad unveils pre-built warehouses

Posted on 09/05/2012

Khalifa Industrial Zone Abu Dhabi (Kizad) yesterday began pre-leasing for its state of the art pre-built warehousing projects in both its free zone and non-free zone areas, providing some of the largest, best located and best specified units ever seen in the UAE. The two projects, which will create over 220,000m2 of storage and distribution warehouses, will be worth more than Dh600 million on completion. Kizad's pre-built warehouses are situated close to the new Khalifa Port, the region's ...  >>MORE

UAE enjoys high degree of safety and stability, says Nahyan

Posted on 01/05/2012

Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research said the United Arab Emirates enjoys a high degree of safety and stability. "The economy continues to grow at a steady and rapid rate. We are a major centre of global commerce, focusing on international trade, global energy, tourism, finance, information technology and media. Our economy is highly competitive, transparent, and supportive of business and entrepreneurs. The country boasts of strong ...  >>MORE

General Holding plans Dh6 billion expansion for industry sector

Posted on 22/04/2012

A Dh6 billion (US$1.6bn) expansion plan is expected to drive Abu Dhabi's manufacturing ambitions as General Holding Corporation (GHC), the industrial investment arm of the emirate's Government, announces Dh1.5bn of profit. Its largest investment involves the Dh3bn expansion of Emirates Steel, GHC's steel production subsidiary, the building contracts for which are to be awarded in the second half of the year. GHC also plans to build a Dh2bn plant to manufacture seamless pipes for the oil and ...  >>MORE

Prices rise for 12 commodity groups of building material during q1 2012

Posted on 15/04/2012

Statistics Centre - Abu Dhabi (SCAD) issued yesterday its monthly report on the prices of building materials for the month of March and the first quarter of 2012. The report presents an analysis of the movements in the prices of the various materials used in the construction industry in Abu Dhabi market during March and the first quarter of 2012. The dissemination of the report, which presents a wide range of price data, is intended to serve the needs of data users in the public and private ...  >>MORE

Cement plants to review environmental impact

Posted on 10/04/2012

Cement factories face permanent closure if they fail to meet the new green measures announced by the Ministry of Environment and Water. In an advisory issued earlier this week by Dr Rashid Ahmad Bin Fahd, Minister of Environment and Water, cement companies were warned that a temporary three-month closure may be issued to the 11 existing factories in the country if facilities were found in non-compliance. If problems identified in the first warning are not rectified within 90 days, the ...  >>MORE

Five major Gulf smelters produced 3.6 million tonnes in 2011

Posted on 09/04/2012

World aluminium demand is increasing by six percent per annum from 40 million tonnes to over 70 million tonnes by the year 2020. The "big five" Gulf smelters - Alba, Dubal, EMAL, Sohar and Qatalum - recorded significant developments and achievements last year, with 3.6 million tonnes of aluminium produced in 2011. Gulf Production is expected to increase to five million tonnes by the end of 2014, when the EMAL Phase II expansion and other smelter projects are completed. Emirates Aluminium ...  >>MORE

Dubal profit soars 65%

Posted on 22/03/2012

Dubai Aluminium, known as Dubal, on Wednesday declared a 65 per cent record rise in its net profit for 2011, while sales revenue also jumped by 28.5 per cent. The state-owned company announced a net profit of Dh3.55 billion for 2011, compared to Dh2.13 billion in 2010 while sales declared at Dh11.14 billion over Dh8.67 billion in 2010. The results were announced by Abdulla JM Kalban, president and chief executive officer, during the company's general assembly meeting, which was also ...  >>MORE

UAE Minister of Economy inaugurates upgraded Emirates Float Glass Factory in Abu Dhabi

Posted on 20/03/2012

UAE Minister of Economy Sultan Bin Saeed Al Mansoori yesterday officially inaugurated the upgraded Emirates Float Glass (EFG) factory, the UAE's largest state-of-the-art integrated float glass facility, subsidiary of Glass LLC, which is wholly-owned by Dubai Investments (DI) PJSC, at the Abu Dhabi Industrial City in Mussaffah. Built at a cost of over Dh700 million and covering an area of 320,000 square meters, the factory has been partly operational since 2009. With the completion of phase-1 ...  >>MORE

Kizad welcomes first logistics tenant with Dh 73.5 million

Posted on 12/03/2012

Khalifa Industrial Zone Abu Dhabi (Kizad) announced yesterday its first tenant in the Logistics cluster, Al Batha Trading & Industry Group. A 50 year Musataha Agreement was signed by Khaled Salmeen, Executive Vice President of Industrial Zones at ADPC, and Sheikh Salem Bin Mohammed Al Qasimi, Vice Chairman of Al Batha Group. Al Batha Group will be assigned a 27,511 square meter land plot in the logistics cluster in Kizad's Area A. Al Batha will set up cold stores, temperature control and ...  >>MORE

UAE gets Dh13 billion in industrial capital in 2011

Posted on 06/02/2012

The UAE received nearly Dh13 billion in industrial investment in 2011 as it is pushing ahead with new laws to expand the manufacturing sector's share from 16 to 25 per cent of GDP, according to official data. From around Dh101 billion at the end of 2010, total industrial investment surged to a record high of Dh114 billion at the end of 2011. "There was growth of around 12.8 per cent in industrial investment in the UAE last year,” said Abdullah Al Shamsi, industrial advisor at the Ministry ...  >>MORE

Tabreed stays cool to reap hot profit

Posted on 02/02/2012

Tabreed more than doubled fourth-quarter profits in a significant turnaround, as the Abu Dhabi utility added more cooling capacity to developments that included the Dubai Metro. Tabreed has moved its business on to a sustainable footing after last year restructuring debt accumulated during the property downturn. "Tabreed has a solid fundamental business model driven by its core chilled-water business, underpinned by its strict cost discipline and continuously improving organisational ...  >>MORE

Dubai Industrial City launches 3.5 million sq.ft. second phase of quality storage facilities

Posted on 30/01/2012

Dubai Industrial City (DI), a member of TECOM Investments, has launched the second phase of its warehouse and showroom development, offering state-of-the-art storage facilities that will augment the growing logistics industry in Dubai and the UAE. Built at a cost of Dh750 million (US$204.21 million), the new phase comprises 3.5 million square feet of warehouses and retail showrooms equipped with back storage, featuring units measuring 5,000 and 10,000 square feet. These new facilities ...  >>MORE

MoE, ZonesCorp ink MoU on industrial property rights

Posted on 08/01/2012

Protection and management of industrial property towards achieving technological and industrial development will be given a shot in the arm under a memorandum of understanding (MoU) signed between the Ministry of Economy and the Higher Cooperation for Specialised Economic Zones (ZonesCorp). Inked by Mohammed Ahmed bin Abdul Aziz Al Shehhi, Undersecretary of the Ministry of Economy, and Mohammed Hassan Al Qamzi, CEO of ZonesCorp, the MoU underlines the contribution of industry in the economic ...  >>MORE

Emirates Steel commissions Dh2.4 billion heavy section mill

Posted on 03/01/2012

Emirates Steel succeeded this month in rolling out the first beams declaring the start of the hot commissioning of the first Heavy Section Mill in the region at a cost of around AED 2.4 billion. The steelmaker, in an emailed press release, said it can now produce large-size sections, beams, columns and sheet piles adding that the commissioning of the mill came after months of After positive results of hot trials during the month of November. Constructed by Italy's Danieli, the Emirates ...  >>MORE

EMAL celebrates million tonne landmark

Posted on 07/12/2011

In November 2011 - less than two years since its commission in December 2009 - Emirates Aluminium (EMAL), Al Taweelah smelter, achieved yet another major milestone: one million tonnes of hot metal produced. The average daily metal production since 2009 reaching 1,400 tonnes a day, the EMAL smelter shows no signs of slowing down. Current production stands at 2,035 tonnes of hot metal per day, strongly positioning EMAL to meet the projected increase in global aluminium demand. Speaking on the ...  >>MORE

UAE's Julphar to set up plant in Saudi Arabia

Posted on 21/11/2011

UAE's Gulf Pharmaceutical Industries (Julphar) has entered into a joint venture with Cigalah Group to set up a SR 300 million pharmaceutical factory in Jeddah to produce and distribute pharmaceutical products in Saudi Arabia and the Middle East. The agreement between the two companies was signed here on Saturday in the presence of Faisal bin Saqr Al-Qasimi, chairman of Ras Al-Khaimah Free Trade Zone and chairman of Julphar. Dr. Ayman Sahli, CEO of Julphar and Yaser Naghi chairman ...  >>MORE

Abu Dhabi industrial hub landing clients fast

Posted on 20/11/2011

The Khalifa Industrial Zone Abu Dhabi (Kizad) has attracted more than double its target of major manufacturers in the first phase of development. Just one year after it was launched with an aggressive campaign to attract foreign investors, Kizad's first phase, a project called Area 1 and costing about Dh26.5 billion (US$7.21bn), has earmarked more than 2 square kilometres of land for companies in the advanced stages of signing lease agreements. The total allocated for Area 1 is 51 sq km, ...  >>MORE

Emirates Steel to become Mideast's leading manufacturer of structural steel

Posted on 03/11/2011

Emirates Steel, the largest integrated manufacturer of steel in the UAE, commented at a conference it organised in Abu Dhabi that it expected demand for heavy sections in the Gulf Cooperation Council (GCC) region will double by 2015. The conference, held at the Abu Dhabi National Exhibitions Centre (ADNEC), was the first of a series that Emirates Steel intends to stage in the GCC between now and the end of the year. "Once up and running, our heavy sections rolling mill will establish the ...  >>MORE

Law issued which makes DUBAL a corporation

Posted on 02/11/2011

The Dubai Aluminium Company (DUBAL) has been renamed Dubai Aluminium Corporation. His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued a law stating this. The law, issued in Sheikh Mohammad's capacity as Ruler of Dubai, replaced the name of the company as a public corporate body enjoying financial and administrative independence and the necessary competence to carry out all actions that ensure the achievement of its ...  >>MORE

Dh110 billion, UAE investments in industrial sector at the end of 2010

Posted on 13/10/2011

Engineer Sultan bin Saeed Al Mansouri, Minister of Economy said that the UAE witnessed remarkable progress in the industrial sector last year. Introducing the industrial year book 2011issued by the Ministry of Economy yesterday, he added that a number of endorsed industrial firms registered in the UAE till the end of 2010 was 4, 960 in which Dhs110. 189 billion were invested and 382, 017 workers employed. The minister noted that the year book 2011 was issued in the line with the efforts of ...  >>MORE

EMAL begins work on phase two at cost US$4.5 billion

Posted on 05/10/2011

Emirates Aluminium (EMAL) has celebrated another milestone in its ambitious journey to become the largest single site aluminium smelter complex, by holding the symbolic ground breaking of its Phase Two development. The ceremony marked the start of construction of the Al Taweelah smelter's second phase, with completion and full production planned to be reached in little more than two years. This will boost EMAL's total production capacity to around 1.3 million metric tonnes by the end of ...  >>MORE

Samsung wins Emal's thermal plant contract

Posted on 21/09/2011

Emirates Aluminium (Emal) has awarded South Korea's Samsung C&T Corp a US$579.3-million (Dh2.12 billion) a contract to build a thermal plant, the UAE aluminium manufacturer confirmed to Gulf News yesterday. The contract will continue until June 2014, Samsung said in a statement. It was signed on Monday. Last month, Emal awarded more than US$700 million in contracts as work begins on the expansion of Phase Two of its Al Taweelah smelter. Emal's sales reached 491,000 metric tonnes a year to ...  >>MORE

Emal targets export deals in Far East, US markets

Posted on 20/09/2011

Emirates Aluminium (Emal) is securing deals in the US and Far East to export its products, but will continue to honour its commitments in the Middle East despite the political turmoil in some countries, its president and chief executive told Gulf News. "Emal doesn't look at the business model for one or two years, we look at the long term return on investment ... In Syria, we are looking at the situation and we continue to supply customers. Whatever commitment we have we will continue to ...  >>MORE

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Quick List

Empower's district cooling consumption rose 23.2% in July 2012 against same period last year


EMAL's first steel raised in Phase II expansion


EMAL celebrates record production of 1.5 million tonnes of hot metal


Steel prices in Abu Dhabi up 4.8% MoM in June, SCAD's report shows


Tiles pave path to prosperity at RAK Ceramics


Dubal, GE excel in aluminium production


EMAL adds foundry ingots to its product portfolio


Nestlé to invest over Dh500m to build manufacturing facility at Dubai World Central


Emirates Steel scoops Quality System Certificate for manufacture of concrete reinforcing bar


UAE smelters leverage annual USA Aluminium Summit


Abu Dhabi seeks investors for aluminium hub


Fujairah launches biggest textile factory in Middle East


UAE smelters on show at aluminium summit in US


Mubadala in talks on refinery for alumina


Sharjah may achieve 5% industrial growth in 2012


UAE 'to invest Dh51bn in desalination stations'


EMAL named 'Best Industrial Project in the GCC' for 2012


High-tech shape to the future of Dubai


Kizad unveils pre-built warehouses


UAE enjoys high degree of safety and stability, says Nahyan


General Holding plans Dh6 billion expansion for industry sector


Prices rise for 12 commodity groups of building material during q1 2012


Cement plants to review environmental impact


Five major Gulf smelters produced 3.6 million tonnes in 2011


Dubal profit soars 65%


UAE Minister of Economy inaugurates upgraded Emirates Float Glass Factory in Abu Dhabi


Kizad welcomes first logistics tenant with Dh 73.5 million


UAE gets Dh13 billion in industrial capital in 2011


Tabreed stays cool to reap hot profit


Dubai Industrial City launches 3.5 million sq.ft. second phase of quality storage facilities


MoE, ZonesCorp ink MoU on industrial property rights


Emirates Steel commissions Dh2.4 billion heavy section mill


EMAL celebrates million tonne landmark


UAE's Julphar to set up plant in Saudi Arabia


Abu Dhabi industrial hub landing clients fast


Emirates Steel to become Mideast's leading manufacturer of structural steel


Law issued which makes DUBAL a corporation


Dh110 billion, UAE investments in industrial sector at the end of 2010


EMAL begins work on phase two at cost US$4.5 billion


Samsung wins Emal's thermal plant contract


Emal targets export deals in Far East, US markets