Chinese Firm To Invest $100m in New Cement Plant in UAE Fujairah

Chinese Firm To Invest $100m in New Cement Plant in UAE Fujairah
Published: 28 October 2004

A Chinese company will invest over $100m to establish a new cement plant in the UAE emirate of Fujairah, it was reported on October 27, 2004.  Construction works on the new plant, which will be set up in the emirate’s al-Tawyeen area, are expected to start in mid-November 2004. All phases of the project are to be completed and the plant is to be ready to start operations within a two-year period.  The Chinese company will carry out all stages of the project and will operate the new plant. The plant will have a daily production capacity of 5000t of cement and an annual production of some 1.5Mt. The agreement for the establishment of the new cement plant was signed by the Member of the Supreme Council and Ruler of Fujairah, Sheikh Hamad bin Mohammad al-Sharqi.