Arab Emirates Investor Reveals $490M Plan To Build Six Factories, Romania Included

Cable producer Emirates International Investment Company (EIIC), from the United Arab Emirates has announced ambitious plans to build six hi-tech factories in several countries including Romania, at an estimated cost of Dh1.8 billion ($490 million), according to Arabian site Business 24-7.

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EEIC eyes building production units in the United Arab Emirates, Saudi Arabia, Algeria, Vietnam as well as Romania following the great construction boom registered in the abovementioned states.

Omar Younis, General Manager of EIIC-owned Electrocab which is managing the factories confirmed that the KSA, Romania and Vietnam factory blueprints are completed and the sites have already been selected.

"We have secured a team of specialized cable professionals who will ensure top-notch quality management for all our products," he said.

EIIC produces in its factories, copper and aluminium low, medium and high voltage cables. The company already started building two factories in the United Arab Emirates.

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