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Emirates International Investment Company begins construction of AED350mn Electrocab Emarat cable factory in Algeria

December 5 2007, Abu Dhabi- In line with their expansion strategy, Emirates International Investment Company (EIIC) has announced the construction of a third wire and cable factory. EIIC will invest AED350million in the wire and cable factory in Algiers, Algeria, with an expected completion date in 2009.

Mr. Omar Younis, Electrocab's General Manager, said "The factory is to meet the increasing demand for power and building wire cables in the Algerian and Western Arab markets. The Algerian wire and cable factory is a direct result of the success of the Abu Dhabi facility, which has also led us to construct the magnet wire factory in Industrial City, Abu Dhabi as well."

Mr. Younis explained the product range will include low, medium and high voltage cables in copper and aluminum that adhere to best international standards.

The factory will be built on a 10 hectare site and will encompass manufacturing, distribution and management facilities. Production will commence in mid 2008 at a primary annual level of 40,000 tons of copper and 7,000 tons of aluminum, and increase in the future. Mr. Younis insists quality in all its aspects is the priority for EIIC and has created a team of experienced cable professionals with the responsibility to ensure that all finished products satisfy international requirements. Top quality machinery has been sourced from Europe's leading suppliers.

EIIC owns investments in many sectors, including banking, industry and commerce which in a short time, has created many unique and innovative projects.

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About EIIC :
Emirates International Investment Company - EIIC is part of National Holding, a leading Abu Dhabi-based private holding company. Founded in 1999, EIIC focuses on Investments in various growth sectors in UAE, MENA and globally.

EIIC is active in the industrial, agro-industrial, real estate and investment sectors.

Some of EIIC 's construction companies under the industrial division are:

• Union Rebar for Steel Forming
• Aswaar Pre-cast Fences ( first in UAE)
• Ascom Mining
• Tameer Autoclave
• Tameer Pre-cast concrete
• Tameer Dry Mortar
• Glasswool ( first in UAE)
• Geo Textile ( first in UAE)

Some of EIIC 's other companies are:

• National fodder production & marketing
• Emirates Filament
• Electrocab Emirates
• Union Copper Rods
• National Industries Complex
• Abu Dhabi International Medical Services
• Etihad National Travel and Tourism
• West Coast Cleaning Services
• Emirates Link Trading
• Babteen-LeBlanc Communications Towers

EIIC 's Real Estate division manages around 30 properties in Abu Dhabi and in Al Ain, with some other big projects in the pipeline.

EIIC 's Investment division's focus is on Strategic Investment, Private Equity, Capital Market and Alternative.

In the local market, EIIC has long term strategic investments in:

• Abu Dhabi Islamic Bank
• National Bank of Abu Dhabi
• Abu Dhabi Commercial Bank
• First Gulf Bank
• Commercial Bank International

Internationally, EIIC has a long term strategic investment in:

• Vivendi
• Global Alumina
• Egypt National Petroleum

For further information about EIIC , please contact:
Telephone: + 971 2 6679777
Fax: + 971 2 6679997

© Press Release 2007