His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, opened a factory of United Textiles, which is said to be the largest of its kind in the Gulf and the Middle East, in the emirate’s free zone on Monday.
The total investment in the factory is about Dh225 million, with funding from the Republic of Azerbaijan and the Government of Fujairah.
The factory’s production capacity is 10,000 metric tonnes of yarn per year, to be exported to Gulf and Middle East states and all over the world.
Rajkumar Kak, Chief Executive of United Textiles, said the yarn produced by the factory will be raw material for clothing factories producing garments, furnishing fabrics, dress materials and industrial clothes.
“Our new spinning plant has been built with state-of-the-art Swiss and German technologies. The unit has a capacity of 45,600 spindles,” Mr Kak said.
The plant is expected to have an annual turnover of about Dh140 million and will use cotton produced in Pakistan and Egypt.
Sharif Al Awadi, general manager of Fujairah Free Zone, said the number of factories and companies operating in the free zone is 2600 with total turnover of about Dh5.5 billion a year.
Awadi said the new textile factory will provide about 20 senior management jobs to UAE citizens.