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Dubai Industrial and Logistics Market Makes Strong Signs in 2012.

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Now we are just over halfway through 2012, Cluttons can confirm an improvement in the light industrial and logistics market in Dubai when compared to the same period in 2011.  Enquiry levels are significantly up with existing companies wishing to expand and new companies looking to enter the market.

A property downturn can be defined by a lack of demand for new premises, which has not been the case in Dubai this year.  Higher activity levels have encouraged us so far this year and there has been no sign of activity tailing off as summer approaches.  Over the last four weeks Cluttons has worked on active enquiries totalling 45,000 sq m for 5 companies as well as a single new development project for a new headquarters distribution centre of over 55,000 sq m.  Announcements in the press such as Nestle taking a 175,000 sq m plot at Dubai World Central have confirmed confidence in the Free Zone and non- Free Zone environments.

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Middle East’s Largest Equipment Rental Company to Invest AED15m in New Complex at Dubai Industrial City

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New 401,000 Sq. Ft. Headquarters Will Facilitate Byrne Equipment Rental LLC’s Region-wide Expansion

Dubai-UAE: 01 July, 2012 – Byrne Equipment Rental LLC today announced it will establish its new 401,000 square feet HQ complex at Dubai Industrial City (DI), the region’s primary manufacturing and logistics destination and a member of TECOM Investments. Byrne Equipment Rental LLC, a leading Dubai-based company specialising in providing equipment rental solutions to multiple industrial sectors, estimates completion of the AED 15 million project for 2013.

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ENOC Lubricants signs supply agreement with Fujairah Building Industries

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Dubai, April 18, 2012: ENOC Lubricants, a subsidiary of the Emirates National Oil Company (ENOC), has signed an exclusive three year lubricant supply agreement with Fujairah Building Industries Group.

As per the agreement, ENOC Lubricants will supply its high quality and performance lubricants to Fujairah Building Industries Group, which includes Emirates Ceramic Factory, Fujairah Rock Wool Factory, Fujairah National Quarry, Fujairah Marble & Tiles Factory and Fujairah Concrete Products, ensuring smoother operations while also reducing maintenance costs.

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GCC PACKS HIGH PROSPECTS FOR PLASTICS INDUSTRY

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PLASTIVISION ARABIA 2012 TO BE HELD AT EXPO CENTRE SHARJAH FROM MAY 14-17


sharjah

The Gulf states have what it takes to become a plastics production powerhouse on the back of their abundant hydrocarbon resources, and domestic demand growth driven by high per-capita income and population growth, according to a study.

Rising demand from Asia and increasing European appetite for Middle Eastern products are also helping absorb the surge in production of plastics and petrochemicals by fast-expanding GCC manufacturers.

The Gulf states account for 11 per cent of the US$ 600 billion global petrochemical industry. Over the next five years, the Gulf's market share of the global petrochemical industry will jump to over 17 per cent, said the study ‘Plastics: Middle East Market Intelligence Report’.

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