Manufacturing and Industry

looking at the manufacturing and industry sector in the Middle East

EIIC plans Dhs1.8bn factories
Emirates International Investment Company (EIIC) announced its plans to build six hi-tech factories in the UAE, Saudi Arabia, Algeria, Romania and Vietnam, to cost Dhs1.8bn. The factory is geared at producing 40,000 tonnes/year of copper and 7,000 tonnes/year of aluminium low, medium and high voltage cables.
United Arab Emirates: Sunday, May 11 - 2008 at 09:53

EMAL signals global production
Emirates Aluminum (EMAL) announced it has made more than Dhs9bn worth of contracts signed as it complete its 1st year of operation. EMAL has signed a Dhs1.8bn contract with General Electric, a Dhs500m contract with Fuji Electric and a Dhs700m contract with Alstom for the facility’s gas treatment centres. EMAL is joint venture between Dubai Aluminium Company and Mubadala.
United Arab Emirates: Saturday, May 10 - 2008 at 09:32

Cavotec buys US-based Dabico
Cavotec Middle East, a supplier of environment-friendly power solutions with customers in the ports, maritime and airport sectors, has acquired US-based Dabico Group, a manufacturer of airport ground support equipment. Cavotec recently opened its regional headquarters in Dubai, which includes 7,200 square metre warehouse, along with a technical training academy for WIBE solutions, the company said in statement.
United Arab Emirates: Thursday, May 08 - 2008 at 08:45

Depa raises its stake in Jordan Wood
Depa Limited, a provider of interior contracting services in the Middle East and North Africa, yesterday announced it has acquired a 22.2% stake, worth $7.6m, in Jordan Wood Industries Company. The acquisition brings Depa’s total holding in the company to 36.4%.
Jordan: Wednesday, May 07 - 2008 at 10:18

National Industries mulls stake sale
Kuwait's National Industries Group Holding, the country's biggest industrial conglomerate, may sell a 10% stake to a foreign investment bank, reported Reuters. The company's chairman Sa'ad Al Sa'ad said on Tuesday that it has received offers, including one that would pay more than 35% of the market price. A 10% stake in the company would be worth about $775m.
Kuwait: Wednesday, May 07 - 2008 at 07:40

Arabtec Q1 profits up 285%
Arabtec Holding has announced Q1 2008 results showing that consolidated revenue reached $518m during the first three months of 2008 compared to $228m for the same period in 2007, an increase of 124%. Net profits on the same period have risen to $63m from $16.4m, an increase of 285%.
Saudi Arabia: Tuesday, May 06 - 2008 at 08:12

Dubai auto parts up 30% in 2007
Dubai's automobile spare parts has shown 29.64% record growth in 2007, reaching Dhs18.22bn, reported Gulf News. According to figures from Dubai World's Statistics Department, imports of automobile spare parts in 2007 made up 60.65% of the total trade while exports took up 2.33%. Re-exports were 37%, worth Dhs6.75bn.
United Arab Emirates: Monday, May 05 - 2008 at 09:39

World's biggest chemical complex planned
Abu Dhabi's Khalifa Industrial Zone will be the location of the world's largest integrated plastics and chemicals complex, according to a report by The National. The multi-billion dollar project is part of the emirate's drive to diversify its economy away from reliance on oil exports. The world's largest aluminium smelter is already scheduled to be built in the Zone.
United Arab Emirates: Monday, May 05 - 2008 at 09:12