19 SEPTEMBER 2014allafrica.com
UAE Company to Establish Aluminum Factory in Ethiopia
Edited by : AL CIRCLE
1 min read
Al Ghurair Group, United Arab Emirates (UAE)-based business group is going to set up an aluminum factory with 50 million USD jointly with Tracon Trading, a local company.
After discussing with President Dr. Mulatu Teshome, owner of the Group, Majid Saif Al Ghurair told reporters that preparations have been finalized and operation will commence in the near future. Previously, the Group has been supplying aluminum to Ethiopia jointly with Tracon Trading, he said.
The government has decided to provide 25,000 hectares land, of the total 60,000 hectares land needed for the project for the time being, he said.
The factory would help to satisfy the local demand for aluminum and export to Eastern African countries, according to Elias Nur Tracon Trading Deputy Manager.
The factory is expected to commence operation within a year, Elias said.
President Dr. Mulatu Teshome affirmed that the government will provide support for speedy operation of the factory, according to a high level official who attended the meeting.
He expressed his expectation that the knowledge and expertise of the Group will help to improve human resource in Ethiopia and enter global market.
After discussing with President Dr. Mulatu Teshome, owner of the Group, Majid Saif Al Ghurair told reporters that preparations have been finalized and operation will commence in the near future. Previously, the Group has been supplying aluminum to Ethiopia jointly with Tracon Trading, he said.
The government has decided to provide 25,000 hectares land, of the total 60,000 hectares land needed for the project for the time being, he said.
The factory would help to satisfy the local demand for aluminum and export to Eastern African countries, according to Elias Nur Tracon Trading Deputy Manager.
The factory is expected to commence operation within a year, Elias said.
President Dr. Mulatu Teshome affirmed that the government will provide support for speedy operation of the factory, according to a high level official who attended the meeting.
He expressed his expectation that the knowledge and expertise of the Group will help to improve human resource in Ethiopia and enter global market.
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