Neelkanth Cables targets global expansion with new AED 130 million manufacturing facility at Dubai Industrial City

Neelkanth Cables targets global expansion with new AED 130 million manufacturing facility at Dubai Industrial City

In line with the Make it in the Emirates initiative, leading 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 AED 130 million, the factory spans 503,000 sq.ft. and will accommodate 200 employees.

The inauguration was held with the participation of His Excellency Omar Al Suwaidi, Undersecretary of the Ministry Industry and Advanced Technology and Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group, alongside high-level officials and dignitaries.

His Excellency Omar Al Suwaidi, Undersecretary of the Ministry Industry and Advanced Technology said: “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.”

His Excellency added: “We welcome industrial sector investors and provide them with incentives and enablers to grow and thrive, as well as enhance their competitiveness under the Make it in the Emirates initiative, National ICV and Technology Transformation Programs, among others. Their appetite for expansion in