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ABU DHABI / WAM
Officials from the Industrial Development Bureau of the Department of Economic Development, visited three new factories in the Emirate of Abu Dhabi, which started their operation in 2017 with a total investment value of AED2.471 billion.
The first company was Taweelah Aluminium Extrusion Company LLC (TALEX) which specialises in the field of metal coating as well as the smelting, rolling and extrusion of raw non-ferrous metals. The investment value of the company is AED2.208 billion.
The second company was Pack & Stack Woods LLC which specialises in the manufacturing of all kinds of platforms, pallets, and onshore and offshore oil and gas facilities’ and fields’ services with a total investment value of AED240 million, followed by the DUCAB Aluminium Company which operates in the field of
non-ferrous metals’ alloys casting, as well as manufacturing metal cables and braided tapes and other products. The company’s total investment value is AED2.35 million.
During the visits, Ahmed Hilal Al Baloushi, Acting Director-General of the Bureau emphasised the Emirate of Abu Dhabi’s keenness to provide all kinds of support to the investors in the industrial sector by providing many features that would enable them to successfully accomplish their investments in order to provide an added value to the Emirate’s economy.