Neelkanth Cables opens new manufacturing facility at Dubai Industrial City

  • Date: 24-May-2024
  • Source: GCC Business News
  • Sector:Industrial
  • Country:UAE
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Neelkanth Cables opens new manufacturing facility at Dubai Industrial City

Zambian cable maker Neelkanth Cables has inaugurated its state-of-the-art manufacturing facility at TECOM Group’s Dubai Industrial City, among the region’s largest industrial and logistics hubs. Representing an investment of $35 million (AED 130 million), the factory spans 503,000 sq.ft. and will accommodate 200 employees. Neelkanth Cables aims to serve power transmission and distribution, oil and […]Zambian cable maker Neelkanth Cables has inaugurated its state-of-the-art manufacturing facility at TECOM Group’s Dubai Industrial City, among the region’s largest industrial and logistics hubs.

Representing an investment of $35 million (AED 130 million), the factory spans 503,000 sq.ft. and will accommodate 200 employees.

Neelkanth Cables aims to serve power transmission and distribution, oil and gas, construction, cement, steel, infrastructure, and metal industry customers across the UAE, GCC, South Asia, and Africa through the facility at Dubai Industrial City.

Mr. Omar Al Suwaidi UndersecretaryUAE MoIAT

“The National Strategy for Industry and Advanced Technology primarily supports the advancement of the industrial business environment and investment attractiveness of this vital sector, which boasts innovative incentives and enablers. The ministry cooperates with strategic partners such as Dubai Industrial City to showcase investment opportunities to local and international investors and stakeholders. We welcome industrial sector investors and provide them with incentives and enablers