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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
Ducab plans two new plants
Industrial capital in UAE manufacturing exceeds US$20 billion
Dh2.2bn pumped into industry in 2007 to diversify economy
Industry sector booms
Sheikh Saud opens USD 150 mn Guardian RAK float glass plant
EMAL installs first steel beam
Finmeccanica and Mubadala create industrial partnership
19 companies invest more than Dh650 million in constructing factories at Dubai Industrial City
AMD, ATIC to create new semiconductor manufacturing company
UAE adjudged most attractive market in ME and Africa Region
UAE, Ukraine explore new avenues for industrial cooperation
Deal set to foster industrial development

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THE ECONOMY - INDUSTRIAL DEVELOPMENT


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



Ducab plans two new plants
Posted on 09/11/2008

Dubai-based Ducab, a regional leader in cable manufacturing, will set up two plants with a total investment of Dh500 million. One of the new plants will be in a neighbouring GCC country – the first outside the UAE for Ducab, Managing Director Andrew Shaw told Emirates Business at the recent Abu Dhabi International Petroleum Exhibition and Conference (Adipec). "By the year-end, we will make an announcement for production expansion in the GCC. It will be our first plant outside UAE and will ...  >>MORE



Industrial capital in UAE manufacturing exceeds US$20 billion
Posted on 04/11/2008

The UAE is investing heavily in its industrial manufacturing sector, stimulated by and the need to diversify the economy and booming economic growth which is fuelling demand for finished products and materials. According to official figures released by the Ministry of Finance and Industry, the total cumulative industrial capital value of all non-oil and gas industrial projects in the UAE now exceeds US$ 20 billion, creating 290,000 jobs. The Middle East Manufacturing Exhibition (MEMEX), ...  >>MORE



Dh2.2bn pumped into industry in 2007 to diversify economy
Posted on 03/11/2008

The UAE pumped nearly Dh2.2 billion into food, chemicals and other manufacturing projects in 2007 as it pushed ahead with an industrial drive to diversify its oil-reliant economy, according to official figures. Dubai emerged as the largest industrial investor last year, with a total capital of around Dh774 million, more than a third of the UAE's 2007 manufacturing investment, showed the figures by the Ministry of Economy. Other key investors were Fujairah and Ras Al Khaimah while Abu Dhabi ...  >>MORE



Industry sector booms
Posted on 30/10/2008

Investment in the UAE's industrial sector is set to rise from Dh72.6 billion in 2007 to Dh100bn by 2010 and Dh120bn in 2012, says a Ministry of Economy official. Saeed Abdullah Al Roken, Director of Industrial Development, said the growth would be driven by major projects such as a Dh22bn aluminium plant and a Dh3bn steel plant in Abu Dhabi. "Several industrial cities are under construction in Dubai and Sharjah as well as the Icad 1, 2, 3 and 4 industrial projects in Al Ain," he added. "The ...  >>MORE



Sheikh Saud opens USD 150 mn Guardian RAK float glass plant
Posted on 29/10/2008

H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, officially inaugurated the new USD 150 million float glass plant of Guardian RAK at a function held at Al Jazeera Al Hamra in Ras Al Khaimah. The Guardian RAK plant, which began full production in September 2007, produces 700 tonnes of glass per day, used in automotive, commercial, residential and furniture applications. Speaking at the ribbon cutting ceremony, Sheikh Saud said, "We are very honoured that ...  >>MORE



EMAL installs first steel beam
Posted on 29/10/2008

Emirates Aluminium (EMAL) has installed the first structural steel for the pot rooms of the world's largest, single-site aluminium smelter complex currently under construction in Al Taweelah, Abu Dhabi. When complete, the EMAL pot rooms will comprise 32,000 tonnes of steel, supplied by Saudi Arabian company, HIDADA, and installed by their UAE subcontractor AMANA, both of whom attended the installation of the first structural steel at EMAL. The EMAL smelter is being built in two phases and ...  >>MORE



Finmeccanica and Mubadala create industrial partnership
Posted on 21/10/2008

Finmeccanica, the Italian leading aerospace company, and Mubadala Development Company (Mubadala), an Abu Dhabi-based business development and investment company, yesterday announced an agreement for a hi-tech industrial partnership. The Italian company will partner with Mubadala to manufacture aerospace composite components for civil aircrafts at the recently announced Abu Dhabi-based composites plant. Alenia Aeronautica, a subsidiary of Finmeccanica, will provide technology, technical ...  >>MORE



19 companies invest more than Dh650 million in constructing factories at Dubai Industrial City
Posted on 20/10/2008

Dubai Industrial City, a member of Tatweer, yesterday announced 19 companies are currently investing more than Dh650 million in the construction of manufacturing units within the township in the base metal, mineral, transport, equipment and parts, as well as the food and beverage zones. Five of the 19 facilities are expected to be completed in 2008, while the remaining are scheduled to start operations by 2009. Rashed Al Ansari, Vice President of Dubai Industrial City, said the heightened ...  >>MORE



AMD, ATIC to create new semiconductor manufacturing company
Posted on 08/10/2008

AMD [NYSE: AMD] and the Advanced Technology Investment Company (ATIC) of Abu Dhabi yesterday announced the creation of a U.S.-headquartered, leading-edge semiconductor manufacturing company to address growing demand for independent, leading-edge foundry production capabilities. The new global company, to be temporarily called "The Foundry Company", will serve this need by combining advanced process technology, industry-leading manufacturing facilities and aggressive plans to expand its global ...  >>MORE



UAE adjudged most attractive market in ME and Africa Region
Posted on 04/10/2008

Dublin — The UAE has once again been judged the most attractive market in the Middle East and Africa (MEA) region, retaining its pole position in London-based Business Monitor International's (BMI) latest Business Environment Ranking table. While not being the largest in size, the market offers plenty of opportunities for growth. Key draws include increasing public and private wealth fuelled by the oil boom, strong and strengthening healthcare infrastructure, approvals of more medicines, a ...  >>MORE



UAE, Ukraine explore new avenues for industrial cooperation
Posted on 07/08/2008

Officials from the UAE and Ukraine yesterday held talks to explore new avenues for cooperation and investments in the industrial sector. The meeting also discussed provisions of a draft agreement on bilateral cooperation which is due to be signed soon. "This agreement will boost our capacity in the industrial sector, particularly in the area of heavy industries where Ukraine is best known", said Saeed Abdullah Al Roukon, Director of Industrial Development at the Ministry of Economy. – Emirates ...  >>MORE



Deal set to foster industrial development
Posted on 20/05/2008

Dubai Export Development Corporation (DEDC) has signed an agreement with the Gulf Organisation for Industrial Consulting (GOIC) to foster industrial development in the emirate. The memorandum of understanding seeks to establish a framework for facilitating co-operation and co-ordination between GOIC and EDC to encourage foreign investment and promote industrial growth. "DEDC continuously strives to optimise the emirate's exports through strategic partnerships and associations with relevant ...  >>MORE

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