Deal signed ... company officials at the ceremony.
Six factories for Abu Dhabi
01 March 2007
Abu Dhabi-based Arkan Building Materials and Saudi Arabia’s Construction Products Company (CPC) are to establish six building materials factories as well as a logistics support cargo company in the UAE capital at a cost of Dh750 million ($204 million).
Arcan CEO Salem bin Mohammed Al Zahiri said: “This agreement will introduce new technology to the construction industry in the UAE, as CPC enjoys an outstanding reputation in the construction materials field. We, at Arkan will supervise the work on all engineering and architect designs, and follow up with the execution of the project at all its different stages.”
CPC chief executive Hasan bin Laden said that CPC has decided to export its new concepts outside Saudi Arabia, and to establish its first Gulf extension in Abu Dhabi, based on the boom of construction currently under way in the UAE generally and in Abu Dhabi, in particular.
“We chose Arkan based on its long history and experience in industry, and its ambitious vision for its regional role that it has already started to implement,” he adds.
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