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FINANCIAL NEWS
Saverglass to set up a USD93m plant in UAE’s Ras Al-Khaimah
07 Aug 2012
(MENAFN) French glass bottle maker Saverglass unveiled plans to set up a USD93 million plant in the emirate of Ras Al-Khaimah, Arabian Business reported.
Saverglass manufactures bottles for perfumes, cosmetics and food products. The company exports products to Africa, Australia, Europe and the Americas.
Saverglass chose Ras Al-Khaimah following consultations with Ras Al-Khaimah Investment Authority (RAKIA), the government entity that works to attract businesses to the emirate’s freezone and non-freezone areas.
The company said it is seeking to cut production and export costs. The 100,000 sqm plant will employ 180 people when completed in January 2013, Saverglass added.
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BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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