| 11 Mar 2010 |
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Emaar Unit Opens New Facility in TechnoPark
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DUBAI - Emaar Industries & Investments Ltd (EII)Emaar Industries & Investments Ltd (EII)
, a member of Emaar Properties PJSC, celebrated the opening of a state-of-the-art manufacturing plant for low voltage and medium voltage switchboards of its subsidiary Dynergy TechnologiesDynergy Technologies in
TechnoParkTechnoPark, Dubai. Dynergy TechnologiesDynergy Technologies is specialised in the assembly and supply of low voltage and medium voltage electrical switchboards and focuses on facilitating energy solutions for local communities, hotels and construction projects.
Emaar Industries & InvestmentsEmaar Industries & Investments
, as a facilitator of the industrial and manufacturing sector, supports DynergyDynergy in business development, marketing, establishing banking relations and implementing strong corporate governance measures. EIIEII also secured a partnership with ABB Industries for DynergyDynergy products thus bringing in advanced power and automation technology to the company. Mohammed Saeed Al Raqbani, CEO of EIIEII, 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 per cent of Dubai's business sector and accounting for 61 per cent of the total workforce.
"Emaar Industries & InvestmentsEmaar Industries & Investments complements the diversification efforts of Dubai Government by providing tangible and strategic support to industries in achieving their larger growth goals. 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 liberalisation, which all create opportunities for large-scale transactions."
By Staff Report
© Khaleej Times 2010
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