DUBAL Holding, Oriental Copper to manufacture high-quality copper products in UAE

DUBAL Holding, Oriental Copper to manufacture high-quality copper products in UAE

DUBAL Holding, the investment arm of Dubai Government in the commodities, mining, power, energy, and industrial sectors, has signed a Memorandum of Understanding (MoU) with Oriental Copper, a manufacturer of high conductivity copper products in Thailand, to manufacture high-quality copper products in the UAE.

The MoU was signed by Ahmad Hamad bin Fahad, CEO of DUBAL Holding, and Tuang-Hong Thiptarangoon, President of Oriental Copper, during a ceremony in the presence of representatives from both sides.

This partnership aligns with the MENA region’s goal of shifting away from the heavy reliance on copper imports and meeting the growing demand for downstream copper products.

A significant step towards import substitution, this partnership aims to manufacture high-quality copper products, including ETP and oxygen-free copper bus bars, profiles, strips, sheets/tapes, alloys, and magnet wires through a production unit with 30,000 MT of copper processing per annum.

Commenting on this partnership, bin Fahad said, “We are pleased to sign this MoU with Oriental Copper, one of the leading manufacturers of high-conductivity copper bus bars and other copper fabricated products worldwide. This MoU is a vital step in meeting the region’s need for downstream copper products, which is now primarily met by imports.

“We are confident this joint venture will increase