The Arab Organization for Industrialization is negotiating with Emirati investors to establish 3 new factories
Abu Dhabi, February 16/ WAM/ Major General Arkan Harb, Engineer Mukhtar Abdel Latif, head of the Arab Industrial Authority, revealed that the authority is currently negotiating with Emirati investors to establish 3 new factories specialized in defense and civil industries.
Abdel Latif said in statements to the Emirates News Agency “WAM” that the Arab Organization for Industrialization, which was established in 1975 with the participation of 4 Arab countries, are Egypt, the Emirates, Saudi Arabia and Qatar with the aim of establishing a strong Arab defensive industrial base that includes 14 companies and factory, including 7 factories and companies operating in the field of defense industries.
The Chairman of the Arab Industrial Authority stressed the authority’s keenness to enhance cooperation with investors in the UAE to enhance joint investments and establish a number of new factories, including a car tire factory in addition to a factory for the production of “MDF” wood from palm fronds and a factory specialized in developed defense industries.
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