New Abu Dhabi plants invest AED 520m – DED

Abu Dhabi – Mubasher: Investments in new plants across Abu Dhabi since the start of 2018 have amounted to AED 520 million ($141.60 million), the Industrial Development Bureau (IDB), an affiliate of the Department of Economic Development (DED) said.

IDB delegates visited a number of industrial companies operating across the emirate.

One of the firms, visited by the IDB, was National Paints Company, which specialises in manufacturing paints, polishes, tinting, dyes, thinners, and organic compound diluents with total investments of AED 25 million.

Meanwhile, Rainbow Mechanical Solution L.L.C Hose Division, whose investments also reached AED 25 million, provides end-to-end solutions in various industries such as iron reservoirs, iron products coated with steel, machining, protective coatings, pumps, drilling, among others, the IDB said in a statement.

The IDB delegate also visited Emirates Industrial Prefabrication Factory whose investment value was AED 270 million, the IDB said, noting that the company specialised in manufacturing & producing iron structures, high-pressure reservoirs, connections, pipes, and steel containers for chemicals, oil, and water.

Among the other companies the IDB delegates visited were Al Nasr Teel Industries, whose investments amounted to AED 45 million, AI Jazira Metal Industries, whose investments reached AED 100 million, and Hotpack Packaging L.L.C with AED 25 million investments.

Mubasher Contribution Time: 26-Aug-2018 11:13 (GMT)
Mubasher Last Update Time: 26-Aug-2018 11:13 (GMT)