![]() Financial Daily from THE HINDU group of publications Thursday, Feb 02, 2006 |
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Corporate
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New Projects Gulf Jyoti's transmission tower manufacturing facility in Dubai Vimala Vasan
Abu Dhabi , Jan 31Feb. 1 GULF Jyoti International LLC (GJI), a joint venture company between Gulf Investment Corporation, Kuwait and Jyoti Structures Ltd, India, has announced the setting up of a transmission tower manufacturing facility at Dubai Investments Park. The new facility will have the latest technology and equipment that will enable the plant to achieve a production capacity of 33,000 tonnes (t) per annum on a two-shift basis. The presence of a facility of this kind in the UAE is expected to significantly contribute to the country's diverse business potential, according to a statement issued here. Commenting on the new facility, Mr Mohammed Al-Melhem, Chairman, Gulf Jyoti International, said, "Our decision to set up this modern transmission tower manufacturing facility at Dubai Investments Park is certain to pay rich dividends as the park is a comprehensive, self-contained business zone. "The proximity of the park to the Jebel Ali port is another factor that will smoothen our operations here. We will be adopting the most advanced technology in our new facility which will help us achieve an excellent production capacity." The infrastructure facilities at Dubai Investments Park include an extensive and well-planned road network, electricity and water network, latest telecommunications services, wastewater treatment plants and irrigation and fire fighting network. Mr Khalid J. Kalban, Managing Director and Chief Executive Officer, Dubai Investments, said, "Over the years, Dubai Investments Park has been attracting several leading regional and international companies, who have successfully set up operations and tapped the market potential of the region. "The range of facilities and services available at the Park has been one of the factors that have attracted a diverse portfolio of clients. "GJI's technologically advanced facility will aid critical power transmission infrastructure development in the region and contribute to its overall economic progress. "The company will have several strategic advantages by operating from Dubai Investments Park, which offers its tenants a range of benefits such as quality infrastructure facilities and support services," added Mr Khalid Kalban. Dubai Investments Park has tenants from diverse industrial sectors. The park consists of four business zones including the industrial zone, commercial zone and the residential and recreational zone. It also hosts leading international schools.
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