Abu Dhabi, UAE: A delegation from Nippon Oil Corporation - the largeat petrochemical company in Japan - paid a visit to the headquarters of Al Qudra Holding – the first general investment company in Abu Dhabi - following the joint cooperation deal inked in Tokyo between the two parties back in December 2007.
The visit signals the start of the implementation of a series of action plans, most urgent of which, is to conduct a study on the construction of a cement sulphate factory in the emirate of Abu Dhabi. The action plan stipulates that Nippon Oil will be responsible for the technical aspect of the project, while Al Qudra Holding takes on the marketing side of the study.
“This cement sulphate plant will be the first of its kind in the Middle East,” said Mr. Makoto Satani, Executive Vice President of Nippon Oil Company. “Our cement sulphate should be environment-friendly and resistant to erosion. During the first phase of the project our products will be mainly used for drainage channels and coastal projects.”
It’s worth mentioning that the MOU signing that was attended by H.E. Sheikh Abdullah Bin Zayed Al Nahyan has been one of the MOUs that were signed during the recent visit of Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, His Highness General Sheikh Mohammed Bin Zayed Al Nahyan to Japan.
About Nippon Oil:
Nippon Oil is one of the largest companies in Japan, specializing in integrated petroleum industries. Founded on May 1888, the corporation now extends its products and services to refining, manufacturing, importing and sale of petroleum, as well as generating and sale of electricity.
About Al Qudra Holding
Al Qudra Holding is the leading private joint stock investment company based in the United Arab Emirates. Established in May 2005 with a capital of AED 600 Million, the company has focused on contributing to the development of the Emirates and has quickly become one of the fastest growing companies in terms of performance, as well as market capitalization.
Today the company has a large group of specialized subsidiaries that operate under its umbrella in important sectors such as education; tourism; industry; health care; agricultural, energy; infrastructure development; sports management and the entertainment industry. Furthermore, Al Qudra Holding has put forward unique investment opportunities and facilitated the development of various projects that meet the local and regional market needs.
The company is considered the ideal strategic partner for many leading regional companies looking to invest in the United Arab Emirates, and Abu Dhabi in particular. This has been achieved through the trust, expertise and competencies that the company has acquired through the successful foundation of project and investment strategies that have attracted strategic and specialized partners in all fields from across the globe. Al Qudra Holding is currently investing in the development of various projects in Morocco, Yemen, Algeria, and Senegal with future plans to invest in Egypt, and Syria and other international economies.
