Dubai – Mubasher: Dubai Investments’ total assets in the manufacturing business sector increased to AED 3.05 billion, representing 19% of the company’s total assets worth AED 16.11 billion as of 31 December 2016.
The total income from Dubai Investments’ manufacturing activity grew 15% to AED 1.57 billion in 2016, compared to AED 1.36 billion in 2015, according to a statement.
Dubai Investments owns 17 companies in the manufacturing domain.
The company plans to invest 30% in Emirates Aluminium Rolling (Emiroll), and establish a joint venture with DUBAL Holding and Singapore-based MARS.
The Emiroll project is valued at around AED 370 million, and the plant will manufacture 65,000 tonnes of aluminum coils per annum once operational.
