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29-05-14
UAE's Kizad, Ducab Aluminium sign agreement on new plant construction
(MENAFN) Khalifa Industrial Zone Abu Dhabi (Kizad) has recently signed an agreement with Ducab Aluminium to allow the latter secure 546.070 square feet plot of land in Kizad's aluminium cluster, according to the Emirates 24/7. Under the agreement, the two parties will invest USD59.88 million in constructing buildings, machinery and infrastructure in a new manufacturing plant. Including this new plant, Ducab will be owning six plants in the UAE, alongside its three facilities in Musaffah and two in Dubai. Khaled Salmeen, CEO of Kizad, and Jamal Salem Al Dhaheri, Ducab's Chairman, said: With Ducab, we have won yet another strong business partner in Kizad, which currently counts 54 national and international high profile investors."
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