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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
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Natural history of the UAE,
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THE ECONOMY - INDUSTRIAL DEVELOPMENT
![]() Economy Ministry to publish amendments to industrial property law
Posted on 11/01/2010
The Ministry of Economy has announced plans to publish proposed amendments to the industrial property law no. 31 for 1996 on its website, inviting comments and suggestions from the stakeholders, experts and specialists. The Ministry's Under secretary Mohammed Ahmed bin Abdul Aziz Al Shihi said the amendments were aimed reforming industrial legislations to become in tune with the agreements signed by the UAE within the Trade Related Aspects of Industrial Property Rights (TRIPS) agreement. He
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 Sharjah's industrial GDP accounts for 48pc of UAE's industrial GDP
Posted on 30/05/2009
The economy of Sharjah today is rapidly growing and stable, according to Mr. Ali bin Salim Al Mahmoud, General Manager of the Sharjah Economic Development Department (SEDD).
He said that an investor-friendly climate, flexible legal framework, simple procedures and a fair tax system, in addition to the provision of funding resources and qualified human resources with competitive costs all contributed towards the significant contribution of Sharjah's industrial sector to the economy of the
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 Dh8bn Industrial zone part of master plan
Posted on 28/05/2009
A Dh8 billion (USUS$2.17bn) industrial zone in the Abu Dhabi desert for construction and building materials firms is one of a host of projects the Government is planning to industrialise the emirate.
The 34-square-kilometre Al Fayah Industrial Zone, being constructed by the Higher Corporation for Specialised Economic Zones (ZonesCorp), reflects the Government's latest efforts to create industrial clusters to boost economic growth and diversify away from oil revenues. The location, 75km east of
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 UAE traders resume steel imports as stocks decline
Posted on 21/05/2009
Steel traders in the UAE said they have resumed imports as stockpiles have almost come to an end. New import orders after a gap of almost six to seven months are being made at a much lower rate compared to the last year's orders.
However, there are mixed reports about the way the prices are moving with traders saying there is an upward movement of about US$40 (Dh147) to US$50 compared to prices last week; whereas analysts have predicted stable prices.
According to traders, prices of
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 Industrial units in Fujairah up by 2.4% to touch 173
Posted on 18/05/2009
The number of industrial establishments in Fujairah last year rose by 2.4 per cent to 173 from 166 in 2007, according to the emirate's 2008 statistical report.
The total capital of the establishments rose to Dh7.338 billion compared with Dh6.6bn in 2007, an increase of 10.74 per cent. The number of labourers working in the establishments rose to 17,331, compared with 16,248 in 2007, an increase of 6.6 per cent.
The number of commercial licenses rose to 8,308 compared with 6,081 in 2007, an
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 Emirates Steel begins commissioning of Dh802m steelmaking plant
Posted on 01/04/2009
Emirates Steel Industries (ESI) announced that it has commenced the commissioning of its new steelmaking plant in Mussafah.
Construction of the country's first integrated steelmaking operation continues to advance with the commissioning of a world-scale plant that will produce steel billets, the raw material for ESI's new state-of-the-art rolling mills.
This latest plant includes an electric arc furnace and a caster to mould the billets from the furnace's molten steel.
H.E. Hussain Al
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 Polymers Park eyes foreign investment up to Dh3bn
Posted on 09/03/2009
Abu Dhabi Polymers Park is targeting Dh2 billion to Dh3bn in foreign direct investment, according to one of its top executives. It is also aiming to achieve 1.5 million tonnes to two million tonnes of conversions. The park is under the Abu Dhabi Basic Industries Corporation (Adbic).
Mohamad Al Qamzi, Senior Vice-President, Adbic, told Emirates Business the park offers competitive costs, easy access to raw materials, low-cost electricity, a skilled workforce, world-class infrastructure and an
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 Ruwais Fertiliser expansion on track
Posted on 04/03/2009
The Ruwais Fertiliser Company (FERTIL) will push on with a multibillion dirham expansion project in the emirate in spite of a sharp fall in fertiliser prices worldwide, the company's general manager said yesterday.
Mohamed Rashid al Rashid said FERTIL, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), will award a construction contract for the new plant in Ruwais midway through this year. The facility will produce urea and ammonia, two basic chemicals in use by the fertiliser
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 Fujairah Ruler opens cable plant
Posted on 02/03/2009
H. H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, inaugurated yesterday the cable plant of the Power Plus Cable Company at Al Hail Industrial Zone.
Dr. Ibrahim Saad, Chairman of Statistics and Planning, Emiri Court, said the Dh 100 million plant will have a production capacity of 20,000 tonnes of different types of cable a year.
'Stretching 1500 square metre, the plant was mainly built to meet the growing demand for cables from local, regional and
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![]() Industrial Investment in Sharjah sees Dh249 million increase
Posted on 19/02/2009
Industrial investment has enjoyed huge growth in the UAE, lead by Abu Dhabi, followed by the emirates of Dubai, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain, and lastly Fujairah, despite having taken big steps itself regarding industrial improvements.
Recent statistics recorded an 8% growth rate for industrial facilities in 2008, with an increase of 90 industrial companies compared to 2007, thus raising the number of companies in the emirate of Sharjah to a total of 1210 in 2008, compared to
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 Borouge, Spanish firm in US$1.39b deal
Posted on 09/02/2009
Abu Dhabi Polymers Company Limited (Borouge), said on Sunday it had signed a US$1.39 billion (Dh5.11 billion) deal with Técnicas Reunidas of Spain for work on an expansion project that will triple Borouge's polyolefins output.
"Upon the completion of Borouge 2 in 2010, Borouge's production capacity will triple to over two million tonnes of polyolefins. This will enable Borouge to supply its customers with high performance and value added products for an increasingly wide range of applications
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 First integrated steel plant for UAE
Posted on 03/02/2009
Emirates Steel Industries (ESI) will start operation of a new steel billet plant in Musaffah this month, paving the way for the company to launch the country's first integrated steelmaking operation in the spring and control a third of the local ¬market.
The plant will serve as a middle link in the integrated chain by turning reduced iron pellets into 1.4 million tonnes of rectangular billets, the raw material for adjacent rolling mills, which cast rebar and wire rod.
When a third plant
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 Borouge and CWT in Singapore hub deal
Posted on 03/02/2009
Borouge, a leading provider of innovative, value-creating plastics solutions, has signed a service contract with CWT Logistics, Singapore, to establish the Borouge Southeast Asia logistics hub.
According to the agreement, CWT Logistics will also provide local logistics services for Borouge's customers in Asia for 10 years with effect from its operational start-up date in 2010.
CWT Logistics will undertake the design, development and construction of a packaging facility, together with
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 Emal advances energy infrastructure
Posted on 02/02/2009
Emirates Aluminium (EMAL) has received the delivery of major power generation equipment at the Abu Dhabi Ports Company (ADPC) berthing pier in Taweelah, for its smelter site.
The arrival of the General Electric's (GE) frame 9FA advanced gas turbine and associated power generation equipment represents a logistics and infrastructure milestone for the world's largest single-site aluminium smelter complex. EMAL has also taken delivery of more than 125 truckloads of associated equipment.
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![]() 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
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