Published On:March 11 2010
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Emaar Unit Opens TechnoPark Facility
Dubai Emaar Industries & Investments Ltd (EII), a member of Emaar Properties PJSC, celebrated the opening of a state-of-the-art manufacturing plant for low voltage and medium voltage switchboards of its subsidiary Dynergy Technologies in
The first phase of the new facility, sprawling over 22,000 square metres, will create 300 jobs and has a capacity to produce 30,000 switchboard panels per year. Work on the second phase is being planned with a new extension for medium voltage panels and a new
Dynergy Technologies is specialised in the assembly and supply of low voltage and medium voltage electrical switchboards and focuses on facilitating energy solutions for local communities, hotels and construction projects.
Emaar Industries & Investments, as a facilitator of the industrial and manufacturing sector, supports Dynergy in business development, marketing, establishing banking relations and implementing strong corporate governance measures. EII also secured a partnership with ABB Industries for Dynergy products thus bringing in advanced power and automation technology to the company.
The industrial and manufacturing sector is fast evolving as a key growth driver of Dubai's economy, with small and medium enterprises accounting for up to 98.5 per cent of Dubai's business sector and accounting for 61 per cent of the total workforce.
The region presents an attractive opportunity for private investments in the manufacturing sector due to the planned growth to its economies, institutional reforms and market liberalisation, which all create opportunities for large-scale transactions