DUBAL Holding and Thailand based Oriental Copper to invest AED 150M for manufacturing plant

DUBAL Holding, the investment arm of Dubai Government in the commodities, mining, power, energy, and industrial sectors, signed a Memorandum of Understanding with Oriental Copper, a leading 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 LLC, and TuangHong Thiptarangoon, President of Oriental Copper Co., Ltd., 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 an installed capacity of 30,000 MT of copper processing per annum.

Under this MoU, DUBAL Holding will provide assistance with local resources, in addition to being a co-investor, while Oriental Copper will contribute its extensive technical, operational, and market expertise. This joint venture will further boost the regional economy and provide employment opportunities for around 700 individuals at a local level.

As part of the MoU, both parties will invest a capital expenditure (Capex) of about AED 150 million. The production unit will utilise innovative techniques including hot extrusion methods and conform processes.

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