Saud bin Saqr witnesses a merger ceremony "Gulf Cement" with "Boosie" Italian
Ras Al Khaimah, 23 October / WAM / His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, accompanied by Sheikh Khalid bin Saud bin Saqr Al Qasimi, Vice Chairman of the Board of Directors of the Investment and Development Office in Ras Al Khaimah, witnessed today the merger ceremony of the two companies, “Gulf Cement” and “Bozzi”, the world leader in the Italian cement industry, which was held at the Waldorf Astoria Hotel in Ras Al Khaimah, in the presence of a number of Their Excellencies the ambassadors. Accredited The state and its senior officials have heralded the beginning of a new phase of industrial excellence in the UAE.
His Highness stressed that this step reflects the strength of the private sector in the emirate and international confidence in the business environment, noting that the company’s journey towards globalization reflects Ras Al Khaimah’s ability to establish world-class institutions, expand into global markets, and benefit from advanced technologies and expertise.
His Highness said: This step embodies the ability of our local companies to excel and succeed on the global stage, and reflects ambition, creativity, and a clear vision that moves the emirate’s economy towards greater prosperity, while our competitive investment environment, advanced infrastructure, and strategic location continue to enhance Ras Al Khaimah’s position as a leading industrial and commercial center.
His Highness added: This merger constitutes evidence of the emirate’s attractiveness for investment, innovation and sustainable growth, and highlights its support for local companies and encourages them to compete globally. It also strengthens Ras Al Khaimah’s position as a platform for international partnerships and a major contributor to the diversified economy of the UAE, with a commitment to supporting entrepreneurship, developing competencies and creating value in all sectors.
This merger represents an important step in the journey of Gulf Cement Company, which was established in 1977 and contributed to supporting the national infrastructure through the production of high-quality cement and the adoption of innovative environmental initiatives, which included systems for utilizing surplus heat and programs to reduce carbon emissions.
By joining BOSI, the company will benefit from global experience and advanced technologies to enhance its operational efficiency and expand its presence in international markets, thus enhancing its position as a leading industrial institution that keeps pace with the aspirations of sustainable development in the UAE.
This merger confirms Boozi’s commitment to strengthening its presence in the Middle East, one of the most growing and vibrant markets in the construction sector, and embodies Ras Al Khaimah’s strategic direction in supporting national companies and strengthening its global partnerships, which contributes to advancing economic development and expanding investment opportunities, and making the emirate a preferred destination for business, industry and innovation.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
