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Ducab enters into a strategic alliance with Electrocab Emarat

Partnership will provide a platform for accelerated growth for Ducab in the MENA region

Dubai, 21 April 2008: Ducab , the premier cable manufacturer in the Middle East has entered into a strategic partnership with EIIC (Emirates International Investment Company) owned Electrocab Emarat LLC. As part of the agreement, Ducab will take ownership of the new Musaffah Abu Dhabi cable factory of Electrocab Emarat.

Electrocab Emarat is part of Emirates International Investment Company (EIIC) and was planning to manufacture a wide range of electrical power cables at the new factory located in the Industrial City of Abu Dhabi (ICAD), 30 km from Abu Dhabi City.

The factory will now be operated by Ducab and is equipped with the latest generation manufacturing and testing facilities. The product range includes Low, Medium, High and Extra High Voltage cables, control and instrumentation cables (including lead sheathed), building wires, flexible, THHN/THWN cables and fire performance cables.

As part of the Strategic Alliance, Electrocab Emarat and Ducab will explore participation in joint venture opportunities for the development of cable projects in the Middle East and North Africa region (excluding the UAE). Ducab has an ambitious investment plan as part of its 2015 Growth Strategy to expand into markets beyond the GCC.

Mr. Andrew Shaw, Ducab 's Managing Director, said: " Ducab is determined to maintain its position as the premier cable manufacturer in the region and this partnership with EIIC will accelerate the company's growth both in the UAE and MENA. We are delighted to have partnered with such strong companies as EIIC and Electrocab and we are looking forward to growing our business together. The new factory in Abu Dhabi is a welcome addition to Ducab 's capacity in the UAE. As market leader we are committed to continual improvement in all aspects of our business and with this new facility we will be able to further improve product offer, service and delivery to our customers."

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About Ducab
Ducab is jointly owned by the Governments of Dubai and Abu Dhabi (50% each), has one of the most modern manufacturing units in the region, occupying an area of 590,000 square meters of land in Jebel Ali, Dubai and nearly 220,000 square meters in Mussafah, Abu Dhabi. Today, Ducab produces over 65,000 copper tones equivalent of low and medium voltage cables, emerging as the leader and the first choice of prestigious customers in the Middle East. Ducab 's product range covers High Voltage cables up to 132kV, Ducab Powerplus Medium Voltage cables up to 33kV, Low Voltage power cables, control & auxiliary, wiring and lead-sheathed cables, Ducab Smokemaster (LSF) cables and LPCB approved Ducab FR Fire Resistant cables.

Ducab is an ISO 9001:2000 certified company for both its factories. The Abu Dhabi factory was recently awarded an ISO 14001 Environmental Management System certificate and an OHSAS 18001 Occupational Health and Safety certificate by BASEC (British Approval Services for Cables). The cables comply with and are approved to the full British Standard of the Loss Prevention Certificate Board (LPCB) and Lloyd's Register, UK. These certifications are the latest in a string of recognitions achieved by the company including a two time winner of Gulf Excellence Award, two time winner of Dubai Quality Award, Gold category 2004 & 1998. Ducab was recently honored with the Investment Corporation of Dubai (ICD) Chairman's Award for Outstanding Economic Value Creation in the Industrial Sector presented by His Excellency former prime minister of Singapore in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum and Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, other Sheikhs and high-ranking officials. The ICD Chairman's Award is the world's first initiative to recognize outstanding economic value creation and corporate excellence achieved through good governance. About EIIC :

Emirates International Investment Company (EIIC) is a leading Abu Dhabi based private holding company. Founded in 1999, EIIC focuses on Investments in various growth sectors across MENA and is active in the Investment, Industrial, Wholesale and Trading, Oil and Gas and Property sectors.

EIIC 's Industry, Wholesale and Trading, Oil and Gas divisions focus on key clusters like Petro Chemical, Metal, Agro-Industrial, Building Material and Energy. In these sectors they focus across value chain and material plays in MENA region.

EIIC 's Investment division focuses on Asset Management, Private Equity and Strategic Investments. The Asset Management group actively manages equity and related products globally. Private Equity investments are performed mostly in MENA region, these include Citadel Holding of Egypt. On a strategic level, EIIC has taken significant stakes in Vivendi and Abu Dhabi Islamic Bank (ADIB). ADIB's strategy to expand globally is materialized through the joint acquisition with EIIC of National Bank for Development in Egypt.

Emirates International Properties (EIP), EIIC 's Property division, focuses on Property Development, Property Investment Management, Property Project Management, and Leasing and Facilities Management.

It has recently announced a 10 billion Dhs urban development project in Algiers, Algeria

1.4 billion Dhs water front development in Abu Dhabi marina and will soon be announcing other developmental projects in the region

Currently provides property management services to 30 residential and commercial towers and several residential compound and leisure centers in UAE

For further information please contact:
Ashish Chaturvedy
Marketing Manager
Ducab
achaturvedy@ducab.com
www.ducab.com
Tel: - 04 8082500

© Press Release 2008