Latest news with #UAE-manufactured
Mid East Info
20-05-2025
- Business
- Mid East Info
Dubai Investments Strengthens Industrial Leadership at ‘Make it in the Emirates' - Middle East Business News and Information
Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), is reinforcing its industrial leadership at this year's Make it in the Emirates, showcasing the Group's extensive capabilities across key sectors including glass, aluminium, steel, metal, lighting, polystyrene, and pharmaceuticals. The Group's participation spotlights the contributions of its flagship subsidiaries, including Emirates Glass, Emirates Float Glass, Emirates Building Systems, Emirates Extrusion Factory, White Aluminum Extrusion, Gulf Metal Craft, Emirates Extruded Polystyrene, Lite-tech Industries and Globalpharma—each a leader in its respective field. Collectively, these entities continue to play a pivotal role in driving the UAE's industrial transformation and global trade outreach. During the forum, Globalpharma, a wholly owned subsidiary of Dubai Investments, received Quality Award in SME category (Small and Medium Enterprises), recognising its excellence in implementing quality systems and delivering high-standard, trusted products. In addition, few Dubai Investments subsidiaries signed Memorandums of Understanding (MoUs) with international partners aimed at advancing technology and strengthening the UAE's position as a leading manufacturing hub. Dubai Investments continues to play a key role in exporting UAE-manufactured products to international markets, with its subsidiaries adhering to global quality and sustainability standards. The Group's integrated approach to innovation, localization, and strategic partnerships underlines its long-standing role as one of the pioneers in the UAE's industrial sector. Make It In the Emirates serves as a powerful platform for Dubai Investments to reinforce its legacy of industrial excellence, advance its sustainability commitments, and forge collaborations that shape the future of manufacturing in the UAE and beyond. This year's participation also marks a significant milestone for Dubai Investments as the Group celebrates 30 years of business in the UAE. Dubai Investments PJSC: Dubai Investments is a publicly listed UAE based multi-asset investment Group, managing a diverse portfolio of businesses, generating sustainable financial returns to its shareholders. Established in 1995, Dubai Investments is one of the leading investments Group in the UAE, initiating new businesses and partnering with dynamic entities, creating strategic investment opportunities across the region. With 15,956 shareholders, a paid-up capital of Dhs. 4.25 billion and total assets worth more than Dhs. 22 billion, the Group applies insight and experience to expand and be a reliable growth driver for businesses within sectors like real estate, manufacturing, healthcare, education, investments and services. The Group's diverse portfolio consists of wholly and partly owned companies and reflects the Company's continued focus on business diversification to drive growth in line with evolving industry trends. Focused on leveraging strengths with an interest in establishing existing and new business opportunities with a long-term, strategic and creative approach and with an emphasis on sustainable returns and capital growth, Dubai Investments collaborates on investment strategies meeting the changing needs of the economy and the societies in which it operates. Complementing the strategic objectives and creating value for stakeholders, the Group pursues growth through mergers and acquisitions and business expansions.
Khaleej Times
21-02-2025
- Business
- Khaleej Times
These UAE-made yachts can be custom-ordered, cost Dh18 million
The yacht industry in the UAE is expanding, with citizens involved in manufacturing and ownership. UAE-manufactured yachts are increasingly affordable and accessible; local manufacturers are establishing a stronger presence in other countries. At the ongoing Dubai International Boat Show (DIBS) 2025 which opened on Wednesday, Khaleej Times looked at some of the UAE-made boats that proved a big hit among visitors. Locally-made Al Fajer Marine yachts, owned by Sheikh Hasher Al Maktoum, can reach a speed of 45 knots (83 kmph) — three times faster than similar-sized models. However, speed is not the only selling point. With a beam of 22 feet, the yacht provides a spacious setting for guests. It includes two identical cabins, each accommodating two people, a fully-equipped guest room that can accommodate four guests and a four-person crew, plus two lounges that seat nine people, making it well-suited for entertainment and relaxation. The yacht has full-option specifications and can be customised. It is priced at approximately Dh18 million and manufactured to order, taking around 18 months. Kaddoouri Mohammed El-Bachir, production manager at Al Fajer Marine, told Khaleej Times: 'The company plans to manufacture hybrid boats, making it the first Emirati company to do so.' UAE-made electric superyacht Poland-based manufacturer Sunreef is introducing its first UAE-built superyacht. 'The biggest news of the Dubai Boat Show is that we are bringing a boat built in the UAE,' said Artur Poloczanski, PR director of Sunreef Yachts. Sunreef is launching the Altima 55, an all-electric catamaran manufactured in Ras Al Khaimah. At 55ft long, it is designed for speed and water sports and focuses on performance and sustainability. Equipped with a battery bank and solar panels, it offers eco-friendly cruising and space for 10 guests and crew. At DIBS, Sunreef is displaying a luxury electric yacht under 24 metre long with a 12-metre beam. It runs on electric motors powered by a large battery, charged via solar energy or shore power, with a backup diesel generator. The yacht cruises for up to six hours at seven knots, and can remain at anchor for two days using only solar power. It costs Dh45 million, and accommodates 10 guests plus crew and features panoramic windows. Emirati-owned superyachts Gulf Craft continues to expand its superyacht lineup, each designed for different needs. The UAE-based Gulf Craft is showcasing its Majesty Yachts priced at up to Dh60 million at DIBS 2025, to give visitors an opportunity to explore the yachts' layout and features. Nomad Yachts, built for long-range travel, are also on display while other vessels focus on extended voyages, reinforcing Gulf Craft's position in the superyacht market. Gulf Craft, meanwhile, is also forging paths for Emirati talent to flourish in yacht manufacturing industry by providing them with career opportunities in engineering, manufacturing, and specialised mechanical roles.
