The first edition of the home furnishing exhibition ‘Furniture 360’ will be launched tomorrow Wednesday at the Expo Centre Sharjah, with the … Keep Reading
- Born on May 19, 1973, the UAE Dirham reflects the Spirit of the Union in its unified for
As the UAE dirham completes its 44th year on May 19, the currency celebrates its unified form representing the seven emirates after undergoing several transformations. The 1973 born banknotes began their journey in denominations of 1, 5, 10, 50 and 100, displaying the watermark of an Arabian horse – which was later changed to falcon, the national bird of UAE. The date also marks the formation of United Arab Emirates Currency Board which issued the new notes bearing various local environmental landmarks and geographical boundaries of the UAE.
“The very first denominations were imprinted with landmarks that represented each emirate separately with the name of emirate on the bank note,” said Mr Ram Kumar, Founder of Numisbing, a Dubai-based numismatics company, and President of International Bank Note Society, Dubai Chapter, “For example, 1 AED carried the picture of the Clock Tower and Police Fort in Sharjah, while 5 dirham note had Fujairah’s Old Fort on it. The 10 dirham note showed an aerial view of Umm Al Quwain and the 50 dirham note displayed the palace of HH Ruler of Ajman. The 100 AED was imprinted with a picture of Al Rams area in Ras Al Khaimah. Representations from Dubai and Abu Dhabi were introduced with 1000 dirham notes in 1976, which featured Al Jahilie Fort of Abu Dhabi and an old fort of Dubai.”
In December 1980, when the UAE Currency Board was replaced by UAE Central Bank, the notes issued by Currency Board were slowly withdrawn from circulation. At the back of all the denominations, the names of the seven emirates were also removed and new notes with different designs and colours were introduced.
“Today, the old notes are collectables and many locals and expats who have been living in the UAE for a longer time have preserved them as a part of the country’s history. A used set of UAE first issue notes from 1 to 100 Dirhams are available at different antique shops including Numisbing. Generally speaking, the prices begin at AED 1500 and the starting price of first 1000 Dirhams note would be from AED 4000”.
Prior to the introduction of UAE dirham, the region used several currencies including the Indian rupee, the Gulf rupee, the Qatari riyal, Dubai riyal and Bahraini dinar (used in Abu Dhabi) during different phases.Email This Post
- Deal increases Emerson’s automation portfolio to expand served markets
Emerson (NYSE: EMR) has recently announced that it has completed the purchase of the Valves & Controls business from Pentair plc (NYSE: PNR) for $3.15 billion.
“This acquisition enables us to continue to grow our global footprint in automation and expand our leadership position in key served markets such as chemical, power, refining, mining and oil and gas,” said David N. Farr, chairman and chief executive officer of Emerson. “By adding these highly respected products and aftermarket services to our portfolio, Emerson is better positioned to serve the needs of our global customers.”
Headquartered in Schaffhausen, Switzerland, the Valves & Controls business is a leading provider of valve solutions and services with nearly 7,500 employees around the world. The business will be integrated into Emerson’s Automation Solutions platform.
Mike Train, executive president of Emerson Automation Solutions, said, “Pentair’s Valves & Controls business fits extremely well with Emerson’s existing portfolio of Fisher control valves and regulators and Bettis actuators. The addition of market leading product brands such as Anderson Greenwood, Vanessa and Keystone creates the most comprehensive global valve business. Emerson’s final control portfolio now includes control valves, pressure relief, butterfly, gate, globe, ball and check valves, and an extensive global network of more than 200 service centers. The combination of these two leading businesses will allow us to better support and help customers select the right product and maintain it for the life of the asset.”Email This Post
- showcased 20 high potential startups at leading innovation driven events in the UAE, including AIM Startup, STEP Conference and ING Creative Festival
- in5 members raised approximately AED140 million in funding
in5, the enabling platform for entrepreneurs and startups, launched by TECOM Group, is leading the charge in transforming the UAE startup space with its sustained efforts in accelerating the scope and visibility of entrepreneurs amongst a valuable pool of thought leaders, the wider business community and investors.
Commenting on in5’s progress to date, Malek Al Malek, CEO of TECOM Business Parks said: “We congratulate our in5 members who have made the most out of the startup opportunities offered to them. Since the launch of in5 in 2013, our members have raised approximately AED140 million in funding. Building on our early success, we look forward to continue providing emerging entrepreneurs and startups with platforms to not only succeed in their own businesses but also yield transformational benefits for entire societies.”
As part of its five-pronged mandate, in5 provides young companies with a robust startup ecosystem, training, mentorship and networking opportunities with investors, as well as cutting edge prototyping labs and vibrant workspaces.
Al Malek added: “Dubai ranked 15th on the Global Innovation Cities Index 2016, a position it is working hard to improve through innovation-centered strategies such as the Dubai Plan 2021, which calls for individuals to adopt an entrepreneurial mindset and make Dubai one of the world’s leading business destinations. At TECOM Group, we see ourselves as a major contributor to this ambition. We believe in the power of connectivity and understand the economic imperative of innovation. We set up in5 in response to a need in the market for ecosystems helping entrepreneurs bring their ideas to life. By helping businesses reach maturity, we are paving the way for more home-grown enterprises to thrive and contribute to the development of our communities and industries.
At in5, it is our mandate to help inventive companies grow locally so they make a tangible difference globally, by providing a business enabling environment across the full lifecycle of business development. Souq.com, for example, grew and developed as part of Dubai Internet City (DIC) and its success is a recent example of our mission.”
With over 1,400 applications, in5 to date has supported more than 160 entrepreneurs and startups through more than 100 mentors and three dedicated Innovation Centres in Tech, Media and Design, located in Dubai Internet City, Dubai Media City and Dubai Design District (d3), which house smart labs, recording studios and design workspaces among other facilities. Nurtured by stimulating workshops, talks and events, creative minds can thrive and bring their ideas to life.
In the month of April alone, in5 showcased 20 of its members at leading innovation driven events in the UAE, including AIM Startup, STEP Conference and the ING Creative Festival, where over 1,500 entrepreneurs and startups participated and engaged in creative talks and workshops.
As part of their presence at AIM Startup and the STEP Conference, in5 members participated in pitch competitions with commendable outcomes. LZine, developer of an Intelligent Personal Assistant app, reached the final round at the AIM Startup, while Nester, a company behind a shared parking marketplace, claimed the winner’s title at STEP Conference’s seed stage pitch competition.
At ING Creative Festival, in the company of 55 global artists, in5 sponsored a series of media and design focused workshops, including Leatherworking, Character Magic, Get Your App Together, Eastern Kufic Calligraphy, and Branding Tools.
in5 can support students, entrepreneurs and startups through a number of flexible memberships, ranging from access to creative spaces to build their prototypes all the way to business set up.Email This Post
Tesla has officially opened a new retail store in Amman, Jordan, its first service centre and store in the Middle East region. The new store is located on Al-Ommal Street, Al-Sena’a in Al Bayader Wadi Seer. With both award-winning, all-electric Model S and Model X on show, the store will also include the Tesla design studio.
More than 3 million people worldwide visit Tesla retail stores every year to learn about electric vehicle technology in a low-pressure, educational environment.
Customers in Jordan who wish to sign up for a test drive can do so at www.tesla.com.
Tesla announced its arrival in both the UAE and Jordan earlier this year, inviting customers to visit the online design studio and order the Tesla vehicle that best suits their lifestyle. First orders of Model S and Model X vehicles are expected to arrive in summer 2017.
In addition to convenient home charging, Tesla has designed the most sophisticated electric vehicle charging network in the world, including Superchargers and Destination chargers networks, so owners can travel wherever and whenever they want. With eight Destination Charging locations now available in Jordan, Tesla has also opened four Supercharging locations, allowing drivers to recharge their vehicles in minutes rather than hours.
With an industry-leading NEDC range of up to 632 km, Tesla’s award-winning Model S is designed from the ground up to be the safest, most exhilarating car on the road. Model S delivers unparalleled performance through Tesla’s unique, all-electric powertrain and accelerates from 0 to 100 kph in just 2.7 seconds.
Model X is the safest, fastest and most capable SUV on the road. With standard all-wheel drive and up to 565 km of range (NEDC) on a single charge, Model X fits an active lifestyle and includes ample seating for seven adults and all of their gear. Model X is incredibly fast, accelerating from zero to 100 kph in as quickly as 3.1 seconds.
Prices start from JOD52,600 for Model S and JOD61,900 for Model X.Email This Post
InfoWatch Group will be an official partner of the Gulf Information Security Expo & Conference (GISEC) to be held on May 21-23, 2017, in Dubai, United Arab Emirates. At GISEC, the company is going to share its vision of InfoWatch solution promotion in the Middle East, including the opening of full-service representative offices in Dubai with other cities to follow.
As part of the plenary session, Natalya Kaspersky, President of InfoWatch Group, will join the Government Panel Discussion ‘Redefining Governments Role in Cyber Security: What’s NEXT for Smarter and Safer Cities’ together with Brigadier Khalid Al Razooqi, Director General, Smart Services, Dubai Police (UAE); Faisal Al Bannai, CEO & Co-founder, DarkMatter (UAE); and John Bumgarner, Research Director (CTO), US Cyber Consequences Unit (USA).
“Every day, organizations all over the world have to manage risks related to cybersecurity threats,” said Natalya Kaspersky, President of InfoWatch Group. “Today, the Middle Eastern market sees ever-increasing severity and number of cyber threats in both public and commercial sectors. This is why InfoWatch Group is here to offer end-to-end solutions to prevent data leaks and protect enterprises against internal threats and targeted attacks, and will be happy to share its data protection expertise with organizations of the Middle East and other regions at GISEC 2017.”
In addition, as part of the conference’s business agenda, Natalya Kaspersky will hold the round table ‘Government, Business and Society Face the Reality of the Present-day Digital World. Opportunities, Risks, Contradictions’.
The event’s expo will feature the latest version of InfoWatch Traffic Monitor, the company’s flagship product for data leak prevention and enterprise protection against internal cybersecurity threats and additional investigations module InfoWatch Vision. Remarkably, InfoWatch is annually included in Gartner’s Magic Quadrant for Enterprise Data Loss Prevention and for the second year in a row is recognized as the leading Russian DLP vendor in the global market.
Moreover, GISEC participants and guests will have an opportunity to see the company’s new product for the international market, InfoWatch Person Monitor, and will be the first to welcome globally released InfoWatch Attack Killer for international market, a cyber security suite for online banking, e-commerce, e-government portals, online stores, collaboration systems, and other web resources.Email This Post
- E. Tarek El Molla, Minister of Petroleum and Mineral Resources opens Honeywell Oil & Gas Technologies Symposium in Cairo
- Honeywell Connected Plant solutions to enable Egypt to capitalize on full potential of its oil and gas reserves
Industrial Internet of Things (IIoT) and cloud-based solutions will be key driving forces for the development of Egypt’s oil and gas sector. That was the message delivered and showcased at the Honeywell (NYSE: HON) Oil & Gas Technologies Symposium, held in Cairo yesterday. H.E. Tarek El Molla, Minister of Petroleum and Mineral Resources gave the welcome speech and opening to the event, where Honeywell welcomed government representatives, stakeholders, consultants and partners who gathered to hear from the global technology leader’s oil and gas experts. The Symposium showcased how state-of-the-art connected technology is rapidly changing the way oil and gas organizations operate around the world.
Khaled Hashem, president, Honeywell Egypt said: “Egypt is one of the most dynamic economies in the region, and the oil and gas sector is critical for its continued development and growth. Honeywell has been operating in Egypt for more than 30 years and during that time, we have worked on some of the most significant energy and infrastructure projects to date in the country. We remain committed to supporting the growth ambitions of Egypt’s economy and delivering technology that helps its industry extract maximum value from its oil and gas reserves. Our connected technologies will help Egypt create more value from its hydrocarbons and we look forward to continuing our work with industry leaders.”
Honeywell’s vast technology portfolio spans refining and petrochemical technologies, catalysts, process and control systems, renewable fuels and chemicals and specialty materials. It also includes industrial safety equipment, fire, gas and smoke detection products, home and industrial security, scanning and warehouse logistics solutions, cockpit controls, mechanical components and connectivity systems for aircraft, automotive turbochargers, defense technology and building management systems.
Evangelos Alepochoritis, sales director for Europe, Middle East and Africa at Honeywell Process Solutions, said: “We see a lot of opportunity to expand our presence in Egypt given the huge potential of this country, and we intend to continue our support to the Egyptian oil and gas sector through research, training and innovative product development. In particular, we continue to focus on expanding our IIoT and Honeywell Connected Plant offerings to help improve the productivity and efficiency of Egypt’s existing oil and gas infrastructure, leveraging decades of our experience in the sector.”
Honeywell Connected Plant offerings can bring significant benefits to industrial plants, including reduced downtime, increased efficiency, and improved safety and security. The company’s technology includes physical and cloud-based solutions that monitor, predict and improve plant performance. As the region continues to diversify its process industries in line with regional growth visions, the IIoT will play a critical role in this transformation.
In addition to the workshop in Cairo, Honeywell is also hosting the Oil & Gas Technologies Symposium in Alexandria, Wednesday May 17 at the Four Seasons.Email This Post
- ‘Thuraya WE’ — Connecting Everyone Everywhere
Thuraya Telecommunications Company today announced the launch of the Thuraya WE satellite and LTE portable Wi-Fi Hotspot to meet the growing global demand for wireless data connectivity. Developed in collaboration with Beam Communications, Thuraya WE bridges the gap between satellite and GSM broadband services. It is the world’s first dual mode Hotspot that keeps users in contact with family and friends, no matter where they are.
The terminal facilitates seamless roaming for consumers, from satellite to terrestrial LTE services or vice versa, either via a Thuraya SIM card or a standard GSM SIM card from any of Thuraya’s 395 worldwide GSM roaming partners, enabling users to utilize the most suitable option available.
Weighing only one kilogram, Thuraya WE is compact, light and portable, and offers voice and data connectivity on-the-go. It transforms any area into a Wi-Fi Hotspot, allowing the connection of up to 10 smart devices within a radius of 100 feet or more.
“Thuraya WE reinforces our commitment towards offering innovative products. It is the first ever LTE Wi-Fi Hotspot device that offers flawless convergence between GSM and satellite broadband services. Built for ease of use, Thuraya WE caters to the needs of users in a multitude of sectors by allowing them to enjoy uninterrupted access to voice and data services over Thuraya’s network when outside terrestrial coverage,” stated Ahmed Al Shamsi, Acting Chief Executive Officer, Thuraya.
Thuraya WE comes with a user-friendly interface that can be accessed either through the web or through a mobile app compatible with iOS and Android devices. This simple and easy-to-use interface allows users to easily access device settings, select and switch between networks, locate the satellite, and view signal strength, connection status, battery status, system alerts, and data usage reports.
Michael Capocchi, Beam Communications Managing Director said: “We are proud to have been able to design and manufacture this product for Thuraya. WE is a pioneer product, delivering the only Hotspot in the market to offer dual mode satellite and LTE capabilities. It transforms any smartphone or tablet into a mobile satellite device by allowing users to access satellite internet at speeds of up to 384kbps and ensures that they stay connected even when their GSM service is unavailable.”Email This Post
Honda Motor Co. Africa and Middle East Office announced the launch of the All-New 5th Generation CR-V at the Waldorf Astoria, Ras Al Khaimah, U.A.E, today. The completely redesigned and reengineered 2017 CR-V boasts of bold new styling, a more premium interior and a host of new features and technologies aimed at enhancing CR-V’s status as the outright benchmark in the highly popular compact SUV segment.
The New CR-V targets the highest levels of quality and driving refinement in its class with top class steering precision, ride comfort, body control and cabin quietness. The New CR-V comes in four grades namely, DX and LX in 2 Wheel Drive (2WD) and EX and Touring in All Wheel Drive (AWD).
New Powertrain and Chassis Technology:At the heart of the 2017 CR-V is a 2.4-litre DOHC, direct injected i-VTEC engine that is mated to a smooth shifting and sporty continuously variable transmission (CVT) with Honda G-Shift control logic. The 2.4-liter engine generates 184-horsepower @ 6400rpm and a torque of 244NM @ 3900rpm. The fuel consumption statistics of the CR-V are 15.5km/L for the DX and LX grades and 14.7km/L for the EX and Touring grades.
The all-new body and chassis design in the 2017 CR-V provides more agile and confident handling, greater drive refinement and superior overall versatility. Its front MacPherson strut and rear multi-link suspension utilize specially tuned low-friction dampers, with both FWD and AWD models including tubular front and solid rear stabilizer bars that promote quick turn-in and flatter cornering. Dual-pinion, variable ratio Electric Power Steering (EPS) also contributes to the CR-V’s direct and satisfying steering feel.
Bold and Sophisticated Exterior Styling:The CR-V heads in a new, fresh direction with crisper and sharper front-end design elements such as new aggressively styled headlights surrounded by wing-shaped LED Day Time Running Light (DRL) array on all grades. The CR-V’s new windswept front-end appearance also includes signature Honda LED headlights (touring only). Wide, muscular fenders with athletic wheel arches, longer wheelbase and short rear overhang give the 2017 CR-V a more sophisticated and athletic presence. Perfectly straddling the line between bold design and modern sophistication, this is the perfect SUV for any lifestyle.
The New CR-V also features distinct LED taillights and exciting wheel options in 17 inches (DX and LX grades) and 18 inches (EX and Touring Grades) that help it stand out whether sitting still or taking off. It also includes a Power Programmable Tailgate, which opens and closes at the push of a button with added tailgate height-adjustability feature (available on Touring grade only) which can be customized for drivers of all heights. Other notable standard features include power door mirrors, side mirror LED indicators, rear fog lights, headlight off timer, various chrome garnishes and auto rain sensing wipers (Touring only).
Premium, Spacious and Technologically Advanced Interior Styling:The New CR-V raises the bar for interior refinement and utility through its completely redesigned cockpit and innovative premium features. The more spacious cabin, with top-in-class interior space and the best rear seat legroom in its class, features upgraded materials throughout, including a new soft-touch instrument panel and more intricately stitched seats. A color TFT driver information interface (DII) center meter display adds to the handsome new design aesthetic.
With the new Easy Fold Down and 60/40 split rear seat design, the CR-V interior is incredibly versatile with room for five people and a substantial amount of cargo of various sizes.
The CR-V offers the latest in vehicle connectivity and audio performance with a new generation of advanced technologies. The DX and LX grades have a 5-inch Color Screen Audio and the EX and Touring grades have a 7-inch touch screen Display Audio interface with Android operating systemTM that now features a physical volume knob as well as an available Navigation system. The 7-inch touch screen Display Audio is compatible with Apple CarPlayTM and AndroidAutoTM platforms, giving customers seamless integration of key smartphone features and functions, including smartphone powered GPS navigation and voice controlled search capabilities.
The clean and elegantly laid out dashboard presents advanced driving technology placing essential information directly in the line of sight. The DII supplies a wide range of information such as average fuel consumption, AWD torque identification, turn-by-turn navigation and Driver Attention Monitor. The Driver Attention Monitor is designed to detect driver fatigue and alert the driver when exhibiting diminished attention to the road with a series of visual and audio alerts.
The Honda LANEWATCHTM feature in EX and Touring grades, uses a camera located in the passenger door mirror to display a clear image of the lanes and any vehicles that are on the lane on the 7-inch Display Audio screen. The Multi Angle Rearview Camera with dynamic guidelines shows steering input direction, to ensure you park safely and quickly.
Some of the key comfort and convenience features available on the New CR-V include a smart entry and remote engine start (LX, EX and Touring only), single zone air conditioning in DX and dual-zone climate controls in the remaining grades, rear A/C ducts in all grades, Auto Dimming Rear View Mirror (EX and Touring only), Electronic Parking Brake (EPB) with Brake Hold function, front USB ports, rear 2.5A USB charging ports and front passenger seat with 4-way power adjustment and driver’s seat with 8-way power adjustment and 4-way power lumbar support.
Advanced Safety:The all-new 2017 CR-V utilizes Honda’s next-generation Advanced Compatibility Engineering™ (ACE™) body structure. 2017 CR-V targets the highest available collision safety ratings, including an NCAP 5-star Overall Vehicle Score from the National Highway Traffic Safety Administration (NHTSA) and a TOP SAFETY PICK+ rating from the Insurance Institute for Highway Safety (IIHS).
The 2017 CR-V utilizes an Electronic Brake Booster (EBB), which replaces the conventional vacuum Brake Booster. The EBB motor is controlled by a microprocessor that monitors the vehicle speed as well as the pressure the driver applies to the brake pedal, building superior hydraulic pressure more quickly and with less pedal effort in all braking situations.
Other Honda active-safety features such as Vehicle Stability Assist (VSA) with Traction Control Systems (TCS), Anti-Lock Brake Systems (ABS), Electronic Brake Distributor (EBD), Agile Handling Assist, Tire Pressure Monitor System(TPMS), Brake Over Ride System and Hill Start Assist (HSA). Rear Parking Sensors are present in LX, EX and Touring grades.
Color Availability: The All New CR-V comes in the below exterior and interior colors for all the grades:
- White Diamond Pearl
- Lunar Silver Metallic
- Modern Silver Metallic
- Crystal Black Pearl
- Basque Red Pearl
- Dark Olive Metallic
- Obsidian Blue Pearl
- Sandstorm Metallic
- Gun Metal Metallic
For more information, please visit www.honda-mideast.comEmail This Post
- Alluring, expressively designed performance coupe defines a new era for the global luxury brand
- Flagship model introduces new Multi Stage Hybrid powertrain and the first-ever 10-speed automatic transmission for a luxury automobile
- All-new rear-wheel drive GA-L platform realizes a significantly agile, more refined driving experience
- New multimedia and safety technologies complement the car’s masterful craftsmanship to provide a comfortable, pleasurable drive
The emotional designs and high-performance models issued by Lexus in the last few years prefaced a new chapter for the brand, one that begins now with the arrival of the all-new 2018 Lexus LC flagship performance coupe. Available now at Al-Futtaim Motors, leader in sustainable mobility and exclusive distributor of Lexus in the United Arab Emirates, the LC combines stunning design, scintillating performance, long-distance comfort and premium craftsmanship to join an elite group of international grand touring coupes.
The Lexus LC is a powerful, emotionally stirring realization of the vision of Lexus master driver Akio Toyoda for a flagship production coupe that echoes the spirit of the hand-built Lexus LFA supercar and delivers the visual impact of the Lexus LF-LC concept.
Christopher Buxton, Managing Director of Lexus at Al-Futtaim Motors, explained what the introduction of the LC 500 in the Lexus line-up means for the brand.
“Lexus has a strong heritage in the UAE, having been here for more than 25 years, and for the past seven years, we have been leading the charge when it comes to luxury hybrid motoring, as we continue to strive for a greener environment and more sustainable mobility. The LC 500 employs a unique multi-stage hybrid system that not only achieves powerful performance, but also offers a smooth drive that embodies the promise of the Lexus marque, offering a pleasurable driving experience which enhances the user’s lifestyle.”
Koji Sato, Chief Engineer of the Lexus LC, said: “While maximizing the fundamental taste of the LF-LC, we applied completely different specifications to create a design that goes beyond the concept – a design that will captivate you as soon as you see it. In my view, pursuing beautiful design and elaborating superior performance are two very similar aspects. Beauty is the identity of Lexus’ design. Every feature of the LC is the result of an integrated approach to design and engineering. The entire team has worked together, including engineers and designers, to create such a great car.”
“The all-new Lexus LC is a flagship coupe which represents the evolution of Lexus as a lifestyle brand that will surprise and delight customers. The car symbolizes the beginning of a new phase for Lexus, which is all about creating greater synergy between engineering and design,” said Takayuki Yoshitsugu, Chief Representative of Middle East and North Africa Representative Office, Toyota Motor Corporation. “The LC makes the strongest statement yet about the brand’s future direction, and is the result of painstaking craftsmanship, attention to detail and an advanced, future-oriented approach to engineering. It’s a car that offers a pleasurable driving experience which enhances the user’s lifestyle.”
Yoshitsugu added, “We are grateful to our customers in the GCC and Levant for their constant support and encouragement for our efforts to push the boundaries of automobile design and engineering, thus inspiring us to strive harder in creating ‘ever-better cars’. And we are confident the strong emotional appeal of the all-new Lexus LC will strike a chord with audiences in the region.”Email This Post
- Mr Bin Sulayem visit Electric Way cables and electrical services center
DP World and its industrial park operator NIP (National Industries Park) will continue to back the Dubai Plan 2021 and play a key role in enhancing the Emirate’s position as a leading economic, industrial and commercial hub according to Group Chairman and CEO, Sultan Ahmed Bin Sulayem.
Mr. Bin Sulayem’s remarks came during a visit to Electric Way, one of the largest suppliers of electric power cables and construction supplies in the region, which recently inaugurated its headquarters at National Industries Park. Mr. Bin Sulayem was given a tour of the facility by by Atheeqe Ansari, CEO of Electric Way and a briefing on the company’s processes and future plans.
Mr. Bin Sulayem commended Mr. Ansari on Electric Way’s success that have positioned it as one of the leading Emirati and international companies in the National Industrial Park. Its investments add value to Dubai, the UAE and the region, especially in the build up to Expo 2020.
Mr. Ansari said the support his company received from DP World and the National Industries Park was a key factor in its success. He also reaffirmed the company’s determination to become the largest distributor of electrical cables and solutions in the region from the base in National Industries Park. The next expansion step for the company, Ansari explained, will take Electric Way to Saudi Arabia and Qatar, in line with the remarkable potential associated with vast plans such as 2022 FIFA World Cup and Saudi Vision 2030, not to mention Expo 2020.
Ansari further noted that Electric Way plans to invest in Africa, with the support of DP World, a major player in the African market, before expanding onto India and China at a later stage.
It is worth noting that Electric Way’s new state of the art logistics facility extends over an area of 100,000 square feet with a growing product list of more than 7000 items. Electric Way expects this center to become one of the largest electrical warehouses in the UAE. Electric Way operates in the UAE and Saudi Arabia.Email This Post