
Sharaf Group, a leading business house based in the UAE, has announced plans to set up four production units for the manufacture of concrete, decor and aluminium products.
More than Dh300 million ($81.67 million) will be invested in the facilities which will come up in Dubai Industrial City (DIC), a member of the Tatweer Group which is wholly owned by Dubai Holding.
Sharaf Group, which comprises a portfolio of diversified industries, has acquired over 1.6 million sq ft of land at DIC to establish Jebel Ali Ready Mix Concrete and Precast; Jebel Ali Blocks; Jebel Ali Wood Joinery, and Somec Sharaf ME for the manufacture of aluminium and glass facades.
Speaking about the initiative, Sharafuddin Sharaf, chairman, Sharaf Group, said: “Our group is expanding rapidly in the industrial sectors and our aim is to respond to the growing market needs of the construction industry.”
Welcoming the Sharaf Group to Dubai Industrial City, Khalid Al Malik, senior vice president of industry and knowledge in Tatweer, said: “We are pleased to meet the requirements of the Sharaf Group, and provide prime industrial land at DIC along with world-class infrastructure and support facilities.”
Jebel Ali Ready Mix Concrete and Precast and Jebel Ali Blocks will be set up in the Mineral Products Zone over an area of 1 million sq ft.
Somec Sharaf ME’s aluminium and glass plant will be built in the Base Metal Zone on an area of 350,000 sq ft.
The decor manu-facturing joinery, based at the dedicated Workshops Area, will take up approximately 250,000 sq ft of land.
“The real estate and construction sector in the UAE and the GCC is thriving. The market is expected to remain buoyant for a long time. I am certain that our group has found a value proposition from the DIC base that will launch the business house into a new phase of growth,” Sharaf said.
Al Malik pointed out that economic growth combined with one of the world’s highest population growths presented a significant opportunity for mineral products and construction materials in the region.
He said that more than 1,400 construction projects worth $697 billion were currently underway in the Gulf, with $4 billion worth of new projects added to the market each week. The UAE leads the Gulf in construction projects, accounting for more than $221 billion (23 per cent).
Al Malik concluded: “Dubai has world-class logistics and infrastructure facilities, as well as a geographically strategic location between five continents. From aluminium and steel to special and precious metals, Dubai is the ideal place to provide the entire world with base metal products.”
Dubai Industrial City was set up to catalyse the growth and expansion of the industrial sector in the UAE, especially in the manufacturing and technology sectors.
The city provides one of the region’s finest business environments and is a one-stop facility for industry and related sectors such as logistics, assembly and warehousing.
It is strategically located in close proximity to the planned airport city at Jebel, the Jebel Ali Port, and the trans-Emirates highways of Sheikh Zayed Road and Emirates Road near the Abu Dhabi border.