Funds used to revive projects and clear pending contractor payments
Many lack the surplus stipulated by the Ministry of Commerce
The project aims to upgrade existing plant HVAC system and phase out obsolete units
Phase two of project will comprise 100 boutiques, retail and outlets spanning approximately 16,000 sqm.
Plant in Bechar province will have annual production capacity of one million tonnes.
The development is located in Liwa in the southern region of UAE.
Contracts part of 44 projects worth $12.3 billion approved by Cabinet.
The contract is expected to be awarded in August this year.
Eight contractors have pre-qualified for the project.
Jeddah Economic City Mall construction to commence by 2018
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