Friday, June 21, 2024
Today’s News

Zambian Firm Opens Dhs130 Million Facility in Dubai Industrial City.

By the Make it in the Emirates initiative, leading Zambian cable manufacturer Neelkanth Cables has opened a state-of-the-art manufacturing facility at TECOM Group’s Dubai Industrial City, one of the region’s largest industrial and logistics hubs. The factory, which will employ 200 people and span 503,000 square feet, represents a Dhs130 million investment.

Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, and Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group, attended the inauguration, as did other high-ranking officials and dignitaries.

We welcome industrial sector investors and offer them incentives and enablers to grow and thrive, as well as boost their competitiveness through the Make it in the Emirates initiative, National ICV, and Technology Transformation Programmes, among other things. Their desire to expand in the UAE reflects its appeal to international businesses. The ministry works with strategic partners to create a business environment that allows manufacturers to grow and compete in local, regional, and international markets.

He called on investors and industrial enterprises to investigate competitive benefits at the third edition of the Make it in the Emirates Forum, organized by the ministry of economy in collaboration with ADNOC and the Abu Dhabi Department of Economic Development (ADDED), which will take place on May 27 and 28 at the Abu Dhabi Energy Centre under the theme “Invest. Innovate.

Also Read:

UAE: Gold Prices fall Further, Opening Nearly Dh3 Lower. 

Dubai Finishes Inside Roadworks in the Al Qusais Commercial Area.


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Friday, June 21, 2024

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