Glass LLC, the glass arm of Dubai Investments PJSC, has announced that it recently partnered with the Abdullah Abdul Ghani & Sons Group to launch a new $20 million (Dh73.46 million) Qatari-based glass company in a move that aims to address the massive demand for glass and glass products in Qatar’s flourishing construction industry.

The announcement was made during a press conference held in Doha.
Under the terms of the agreement, Glass will take a 49 per cent share  in the joint venture and provide technical and management expertise, including transfer of know-how, technology, licence, management and personnel. 
The Abdullah Abdul Ghani & Sons  group  of  companies will  secure  the  remaining share of the investment and provide the venture with  local knowledge  and  support mainly through its subsidiary A&C Abdul Ghani & Cardahi Construction and Installation Co, which is experienced  in establishing industrial projects in Qatar.
When operations begin in the near future, the new company will produce, cut, temper, laminate, assemble and supply high-performance glass for architectural and construction purposes in Qatar, and eventually expand its operations region-wide. 
Khalid Kalban, managing director and CEO, Dubai Investments, said the key regional partnership would help the group effectively deal with the shortfall of high-quality and environmentally friendly glass in Qatar. The massive construction and real estate boom in Qatar had provided Dubai Investments with the perfect opportunity to proceed with its expansion programme.
“Being the first glass holding company in the Middle East and having set up several business interests in various countries, we will offer our unrivaled expertise in flat glass processing and assembly, industrial management, and involvement in the glass industry.  Abdullah Abdul Ghani and Sons will be one of the joint venture’s key elements because of the company’s strong relations with business and government offices, as well as being key figures in the construction and financial sectors in Qatar,” Kalban added.
Glass LLC is the holding company for four Dubai Investments subsidiaries, including Emirates Glass LLC, the UAE’s first integrated glass manufacturing and processing facility; Emirates Float Glass, one of the largest processors of flat architectural glass in the region; Lumiglass Industries, maker of automotive and architectural laminated glass products; and the Saudi American Glass Company, one of the Middle East’s largest glass manufacturers.
Abdul Rahman Abdul Ghani, chairman of Abdullah Abdul Ghani & Sons Group, said Dubai Investments was a highly reputable company capable of achieving excellent results for the venture. “We recognised the demand for highly adaptable, superior quality glass products, and we are confident that we are well-positioned to acquire a large percentage of the market based on our long-term vision, and unwavering commitment to quality,” he said.
Abdul Ghani said the support given by the Qatari government to local business houses and the major development planned for Qatar would boost the Qatari glass industry. With the favourable conditions, the new enterprise would develop into one of the most advanced glass-producing establish-ments in the region.
The Abdullah Abdul Ghani & Sons group has been a leading name in Qatari business since 1958 with activities in construction, trading, industry and real estate. 
Dubai Investments PJSC is the largest company listed on the UAE stock exchange, and operates with a paid-up capital of Dh2.17 billion.  With more than 12 years of successful experience in establishing, acquiring and strategically participating in corporate ventures throughout the UAE and internationally, DI has grown its portfolio to include 44 subsidiary companies and more than 23,500 shareholders.