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FINANCIAL NEWS
Al Masaood, Frankische Rohrwerke sign corrugated plastic pipes deal
23 Mar 2011
(MENAFN) Abdulla Al Masaood & Sons deputy chairman, Abdulla Al Masaood, stated that the company inked a deal with German Frankische Rohrwerke by which the Emeriti company would market the German one’s corrugated plastic pipes in Abu Dhabi, reported Khaleej Times.
Al Masaood also said that the UAE-based company eyes more infrastructure deals with European and global firms in its long-term plans to support Abu Dhabi’s economy.
The deputy chairman added that the deal would improve chances of exchanging technology and expertise between the two firms. He pointed out that corrugated plastic pipes are new to the emirate’s market.
It is worth noting that Abdulla Al Masaood & Sons Group operates through 73 individual business units spanning 18 diverse market segments in association with many of the world’s leading companies.
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