Sharaf Group, a leading business house based in the UAE, has announced today plans to set up four production units for the manufacture of concrete, decor and aluminium products with a total investment exceeding AED 300 million, at Dubai Industrial City (DIC), a member of Tatweer.
Sharaf Group, which comprises a portfolio of diversified industries, has acquired over 1.6 million square feet of land at DIC to establish Jebel Ali Ready Mix Concrete and Precast; Jebel Ali Blocks; Jebel Ali Wood Joinery, and Somec Sharaf M.E. LLC for the manufacture of aluminium and glass facades.
Speaking about the initiative, Sharafuddin Sharaf, Chairman, Sharaf Industries/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. Jebel Ali aluminium and glass plant will be known as Somec-Sharaf M.E. LLC in the Base Metal Zone on an area of 350,000 sq. ft.
The Decor manufacturing joinery, based at the dedicated Workshops Area, will take up approx. 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 added.
Al Malik pointed out that the economic growth combined with one of the world’s highest population growth presents a significant opportunity for mineral products and construction materials in the region.
He said that more than 1,400 construction projects worth US $697 billion are currently underway in the Gulf, with US $4 billion worth of new projects added to the market each week. The UAE leads the Gulf in construction projects, accounting to more than US $221 billion (23 percent).
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 is part of the highly diversified Dubai Holding Group. It was set up to catalyse the growth and expansion of the industrial sector in the UAE – especially in the manufacturing and technology production sectors.
Dubai Industrial 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.
