Gulf Eternit’s new unit has been established with investments of about $45 million. — Supplied photo
Dubai — Gulf Eternit Industries has commissioned a 176,720sqm manufacturing unit at Dubai Industrial City, or DIC, for the production of fiberglass pipes and fittings for the oil and gas, water and industrial sectors.
Set to significantly boost Dubai’s manufacturing sector, the facility reiterates Dubai Industrial City’s best-in-class infrastructure and enabling regulations that continue to attract high caliber tenants. With a production capacity of 50,000 tonnes, translating to 600 kilometers of pipe per year, the new manufacturing unit has been established with investments of about $45 million.
In addition to creating more than 715 employment opportunities, the unit will consolidate Future Pipes’ growing role as a leading supplier of fiberglass pipes and fit-outs to government and private sector companies that serve as lifelines of the UAE economy. Future Pipes’ client portfolio currently comprises prominent entities from across the country such as Dubai Municipality, Dewa, Sewa, Fewa, Adwea, Adnoc Group of Companies, and Borouge.
Abdulla Belhoul, CEO, Dubai Industrial City, said: “We welcome the Middle East’s leading fiberglass pipe manufacturer to Dubai Industrial City. We look forward to working closely with Gulf Eternit and Future Pipe Industries Group during this next phase of growth.”
He added: “Dubai Industrial City is a key enabler in the manufacturing sector that contributes nearly 14 per cent to the nation’s GDP. Our ability to draw mega projects and entities from around the world is rapidly changing the dynamics of the manufacturing landscape in Dubai and the wider region, and companies such as Future Pipes provide the necessary momentum to accelerate this transition.”
Fouad Makhzoumi, chairman of Future Group, said: “Dubai Industrial City’s strategic location and proximity to Abu Dhabi, Jebel Ali Port and Al Maktoum International Airport influenced our decision to establish our presence at this unique industrial hub. Advanced infrastructure, best-in-class services and reliable transport networks make the destination a preferred hub of choice for manufacturing firms such as ours.”
“With the world pipe market demand projected to reach $130 billion by 2016, Future Pipe Group remains committed to expanding its global footprint throughout the Middle East, Africa, Europe, North America and Asia,” said Makhzoumi said.
Events to be staged at the DWTC, comprising diverse sectors including construction, energy, technology, beauty, food, healthcare, environment and automotive, will mark the emirate’s post-pandemic economic recovery
Local business8 months ago