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FINANCIAL NEWS
India’s Zuari to build USD950 m manufacturing facility in RAK
04 Apr 2014
(MENAFN) India-based Zuari Agro Chemicals Limited said it will invest as much as USD950 million in an integrated Diammonium Phosphate (DAP) manufacturing facility in Ras Al Khaimah (RAK) Maritime City, according to the Emirates 24/7.
The signing ceremony of a deal between the Indian firm and Emirati authorities was attended by HH Sheikh Saud Bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, Saroj Kumar Poddar, Chairman of Zuari Agro Chemicals, a company part of the Adventz Group; Suresh Krishnan, Managing Director, Zuari Agro Chemicals; Akshay Poddar, Executive Director, Zuari Agro Chemicals, Naser Bustami, Executive Board Director of RAK Maritime City; Rohit Walia, Executive Chairman, Alpen Capital; and Sanjay Vig, Managing Director, Alpen Capital.
Sheikh Saud Bin Saqr Al Qasimi said: “Ras Al Khaimah”s diversified economic base and consistently robust growth highlight its appeal as an attractive investment destination within the UAE”s vibrant national economy. We actively encourage businesses from around the world to explore Ras Al Khaimah as their home in the region and their gateway to global markets. I am pleased to welcome Zuari Agro Chemicals to Ras Al Khaimah, and look forward to a long and productive partnership.”
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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