1 Manufacturing and Industry
looking at the manufacturing and industry sector in the Middle East
Agility breaks ground on new logistics hub
- Agility, a global logistics provider, and Borouge, a provider of plastics solutions, broke ground on November 28th on a new logistics hub in Shanghai that will receive over 600,000 tons of polyolefins (polypropylene and polyethylene) annually. The 70,000 sq m facility, which will mainly serve the China market, will be completed by 2009 and will be fully operational by May 2010, employing some 120 dedicated Agility staff. The hub will receive the polymer granules in bulk containers directly from the Borouge Middle East gateway situated at Ruwais in Abu Dhabi. A 30,000 sq m Compound Manufacturing Unit will also be built for Borouge on the same site in Shanghai, producing 50,000 tonnes of compounds each year for use in automotive, domestic appliance, power tool and electrical applications.
- United Arab Emirates: Thursday, December 04 - 2008 at 09:35
Daewoo to build factory in Jordan
- South Korea-based Daewoo International Corporation has announced plans to build an electric appliances factory in Jordan that will be the largest in the Middle East and North Africa region, reported Jordan Times. The factory, which will start production in 2009, will create 5,000 job opportunities for Jordanians. The factory will be created under a partnership agreement signed between Daewoo and the National Integrated Industrial Complex, one of the companies affiliated to the Middle East Complex for Engineering, Electrical and Heavy Industries (MECE).
- Jordan: Wednesday, December 03 - 2008 at 13:59
Iraq to overhaul $150m cement plant
- Iraq has signed a preliminary agreement to reopen and overhaul a cement factory at a cost of $150m, reported MEED. The factory is believed to be in the west of the country, where Baghdad is keen to redevelop the country's industrial infrastructure.
- Iraq: Wednesday, December 03 - 2008 at 08:17
Kuwait revalues Dow deal
- Kuwait has revalued a deal with Dow Chemicals down to $16bn from $20bn, according to the Kuwait Times. The Petroleum Industries Company will now pay $8bn and a finalized deal is to be announced later this week. The Supreme Petroleum Council has already given the green light for the deal under the new financial terms, which come as Dow's share prices have dropped due to the current financial turmoil.
- Kuwait: Monday, December 01 - 2008 at 10:51
Qatalum workers undergo safety training
- Some 4,000 construction workers at the world's largest primary aluminum plant are undergoing safety training. IGTC-Chubb Fire Qatar is providing the training at the Qatalum plant site while construction continues. The plant site, which will have a first phase capacity of 585,000 tons of primary aluminium, is set to be completed in 2010.
- Qatar: Sunday, November 30 - 2008 at 12:34
Gulf pipe industry to suffer
- The International Tube Association has cautioned that the impact of the global economic crisis on the Gulf tube and pipe industry should not be underestimated, but also added that the effect would be short term. The key sectors that drive the tube and pipe industry, including construction projects, water and air conditioning supply and automobiles will continue to grow.
- Middle East: Sunday, November 30 - 2008 at 10:19
Saudi's Al Rawda infrastructure ready
- Al Rawda Development in Al Jubail, Saudi Arabia, has completed infrastructure works, which included a paved road network, lighting works, an electrical grid, and water and sewerage pipeline, Rikaz Properties has announced. The development is seen to complement the industrial needs of the city, being developed by Saudi authorities as an industrial hub.
- Saudi Arabia: Saturday, November 29 - 2008 at 07:28
Fertiliser production expanding in Mena region
- A new report by Kuwaiti investment bank Global Investment House has found that the fertiliser production sector in the Middle East and North Africa (MENA) region has recorded a 149% surge in profits so far this year. The sector has invested $20bn to improve efficiency and build larger plants, which is expected to boost production to 60 million tonnes by 2010 and 70 million tonnes by 2012, more than doubling current production.
- Middle East: Thursday, November 27 - 2008 at 09:41
Web Feeds