Dubai, March 10th, 2010 (WAM) -- Emaar Industries and 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 Technologies in TechnoPark, Dubai.
The first phase of the new facility, sprawling over 22,000 sq m, will create 300 jobs and has a capacity to produce 30,000 switchboard panels per year. Work on the second phase is being planned with a new extension for medium voltage panels and a new product line. Dynergy Technologies is specialised in the assembly and supply of Low Voltage (LV) and Medium Voltage (MV) electrical switchboards and focuses on facilitating energy solutions for local communities, hotels and construction projects. Mohammed Saeed Al Raqbani CEO of EII said: "The industrial and manufacturing sector is fast evolving as a key growth driver of Dubais economy, with small and medium enterprises accounting for up to 98.5 per cent of Dubais business sector and accounting for 61 per cent of the total workforce. Emaar 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 liberalization, which all create opportunities for large-scale transactions."Copyright Emirates News Agency (WAM) 2010.
