Asset managers, banks and family offices have increased their presence in the UAE in recent years, driven by a post-pandemic economic rebound
Ducab Metals Business (DMB), a subsidiary of Ducab Group, announced on Thursday the doubling of its annual production capacity for aluminium from 55,000 tonnes per annum (tpa) to 110,000tpa and increased its bare copper product capacity in response to surging global demand for these UAE-manufactured products.
This expansion strengthens DMB’s position in the international metals market and advances the UAE’s Operation 300bn industrial strategy, promoting economic diversification and solidifying the country’s leadership in high-quality, innovative industrial manufacturing.
The announcement was made at the ‘Ducab Metals Business Expansion Forum: Advancing Capacity, Driving Innovation,’ held in partnership with Middle East Economic Digest (MEED).
Mohammad Almutawa, CEO of Ducab Group, said: “At Ducab, we are committed to boosting our industrial and production capacities through strategic, forward-looking investments that are perfectly aligned with Operation 300bn. This expansion enhances our ability to meet international demand, elevates the ‘Made in the Emirates’ brand, and boosts our global competitiveness, all while supporting sustainable business growth and strengthening industrial resilience. These efforts further establish the UAE as a leading hub for future industries and attract greater global investments.”
Mohamed Al Ahmedi, CEO of DMB, said: “Doubling our aluminium production and expanding our copper capabilities reflects our dedication to strengthening the UAE’s industrial sector. This move secures our leadership in metal manufacturing, drives innovation, and reinforces our status as a major global producer. By adopting advanced, sustainable technologies and pioneering new industrial solutions, we continue to lead in industrial and technological advancement.”
This recent enlargement of DMB’s facilities at KEZAD Group, which increased the total space by 51,015 square metres, along with the strategic acquisition of GIC Magnet — a leading global supplier of paper-insulated aluminium strips — underscores DMB’s role as a key manufacturing hub. This development enables DMB to better serve industries such as healthcare, automotive, and packaging, thereby broadening its product range and expanding its global footprint.
Asset managers, banks and family offices have increased their presence in the UAE in recent years, driven by a post-pandemic economic rebound
Ties between the world's two most populous nations have been strained
Payouts jumped to a record $606.1 billion in the second quarter
If a full bid took place, the weight of Germany for UniCredit would rise to around 40%
Senior Visa official lauds progressive steps taken by the UAE
Under its 'Journey 2030' strategy, it plans to bolster Abu Dhabi's role as a travel hub connecting Asia and Europe
Partnership aims to boost growth of companies operating within Dubai CommerCity and broaden their reach
Prize purse valued at over half a million dollars