(DUBAI, UAE) -- Emaar Industries & Investments (EII) has opened a state-of-the-art manufacturing plant for low voltage and medium voltage switchboards for its subsidiary Dynergy Technologies in TechnoPark, Dubai. EII is a facilitator of the manufacturing sector that is an adjunct to real estate. EII's parent, Emaar Properties, is Dubai's largest developer.
Dynergy Technologies specializes in assembly and supply of low and medium voltage electrical switchboards and facilitates energy solutions for communities, hotels, and construction projects. By supporting Dynergy in business development including a partnership with ABB Industries, Emaar is helping the Dubai government diversify its economy.
Mohammed Saeed Al Raqbani, CEO of EII, said, "The industrial and manufacturing sector is fast evolving as a key growth driver of Dubai's economy, with small and medium enterprises accounting for up to 98.5 percent of Dubai's business sector and accounting for 61 percent of the total workforce." According to Al Raqbani, "The region presents an attractive opportunity for private investments in the manufacturing sector due to the planned growth to its economies, institutional reforms and market liberalization, which all create opportunities for large-scale transactions."
Dynergy expects the new facility to drive expansion into new GCC markets. EII is a private joint stock company established in 2005 to capitalize on growth of manufacturing in the Middle East, North Africa and South Asia as a strategic investor and partner. EII strengthens industries by investing in existing businesses and establishing joint ventures with leading establishments.
Leave a comment