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Dubai: French manufacturer Gaussin SA will develop a Dh130 million plant to manufacture industrial and port trailers and self-propelled industrial vehicles at the Dubai Industrial Park (DIP), a statement said.
"Dubai Investments PJSC has entered into a partnership agreement with Gaussin SA, France through its industrial arm Dubai Investments Industries LLC (DII) to set up a manufacturing plant in Dubai," DIP said in an e-mailed statement.
Shukri Al Muhairi, general manager of DII and Christophe Gaussin, chairman of Gaussin, signed this agreement recently.
"The joint venture is to set up a large scale production facility at an estimated cost of Dh130 million in Dubai Investments Park (DIP) to design and manufacture industrial and port trailers as well as self-propelled industrial vehicles," a statement said.
"The technical knowhow will be provided by Gaussin which has extensive experience in logistics and handling solutions and is well known for the development of innovative solutions in this field."
The production facility is currently and will be operational in the second quarter of 2009. It will be capable of designing and manufacturing a wide range of port and industrial trailers as well as automated guided vehicles.
Having worked in tandem with Gaussin for over eight months to investigate and determine the feasibility of the investment and to iron out every detail of the partnership, Al Muhairi commented, "We believe that the winning combination of DII's' intricate knowledge of the Middle East region and Gaussin's expertise in the business as a market leader will take this venture to great heights and contribute in a large way to the growth of the local economy. This joint venture also underscores the importance of cooperation between the corporate sectors of UAE and France."
The project which plans to employ 300 staff and workers, plans to meet the specific requirements of customers primarily in the GCC and the Middle East.
Gaussin is listed on the Paris stock exchange and has been involved in the design and manufacture of handling trailers for over 50 years with a client base stretching across diversified industries including ports and airports, aero-space, automotive, steel, petrochemical and other heavy industries.
The winning combination of DII's' intricate knowledge of the Middle East region and Gaussin's expertise in the business as a market leader will take this venture to great heights."
Shukri Al Muhairi, General manager of DII
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