Dubal Holding acquires 60 per cent stake in OSE Industries

Dubal Holding acquires 60 per cent stake in OSE Industries

Dubai Holding has acquired a 60 per cent stake in Dubai Industrial City-based aluminium extrusion company OSE Industries.

OSE Industries began its manufacturing operations in 2015 and now exports MPE, precision tubing and industrial piping across the Middle East and North Africa, Asia, Europe and the US.

Its clients include electric carmakers, as well as major players in the heating, ventilation and air conditioning (HVAC) sector.

Situated in Dubai Industrial City - the region's largest manufacturing and logistics hub - near Jebel Ali Port and Al Maktoum International Airport, OSE Industries' strategic location in Dubai Industrial City allows it access to two-thirds of the global population in eight hours.

#Dubal Holding's decision to acquire 60% in Dubai-based aluminium extrusion company OSE Industries reflects the growth opportunities and underlying strength in Dubai's industrial sector.https://t.co/3FV8OAW0Yw pic.twitter.com/2z4Cc2Y93P

“” Dubai Media Office (@DXBMediaOffice) February 13, 2021

It has enabled it to expand quickly as electric vehicles become more popular and the HVAC sector shifts its focus to aluminium rolled tubes.

Dubal Holding, a wholly-owned subsidiary of Investment Corporation of Dubai, is focused on expanding its industrial footprint and stimulating growth in the downstream value chain.

"This deal is a major boost for Dubai's industrial sector. It will enhance the emirate's position