Manufacturing

Cable manufacturing plant earmarked for Libya

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Egyptian group, El Sewedy Cables, has reportedly revealed it is due to set up a US$50m cable manufacturing plant in Libya by the end of 2011.

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Egyptian glass manufacturer stake bought

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Kuwait based Investment company, North Africa Holding Company (NorAH), has announced that it has acquired a 50 per cent stake in Kandil Glass, one of Egypt's leading manufacturers of glass containers.

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Multiple contracts secured for climate control systems

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Zamil Air Conditioners, the leading international manufacturer and service provider of air conditioning systems in the Middle East, has been awarded multiple contracts to provide custom climate control systems for the first phase of Makkah Metro Railway project.

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Investing in aluminium

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The region's oil producers are set to pump nearly US$22 billion into new aluminium projects and expansion of existing smelters in the next five years as part of an ongoing industrial drive to move away from reliance on oil exports, reports Emirates 24/7.

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Emirates Steel agrees project financing and increases production

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Emirates Steel, the largest integrated steel producer in the UAE and a strategic steel player in the Middle East steel industry, recently signed a US$1.1bn, seven-year project financing agreement with a consortium of seven conventional banks and two Islamic finance institutions.

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