Emirates International Investment Company (EIIC) will invest Dh1.8 billion in six new high-tech factories in the UAE, Saudi Arabia, Algeria, Vietnam and Romania.

As well as planning state of the art cable-making facilities, there will also be a magnet wire factory producing around 25,000 tonnes per year, and an aluminium rod factory producing over 100,000 tonnes per year.

With the project planning phases already underway we expect to provide further details over the coming months.