Abdulla Belhoul, the Chief Executive Officer of Tecom Group, stated, “The new strategic acquisitions and projects worth Dhs2 billion reflect TECOM Group’s vision of fostering sustainable growth.” Tecom Group is dedicated to continuing its crucial role in supporting the knowledge-based economies of the United Arab Emirates and Dubai and influencing the direction of business through our top-notch ecosystems that draw and empower globally recognised businesses and talent throughout our ten distinct business districts.
“Dubai is a well-known global centre for business and investment, providing both domestic and foreign investors in a wide range of industries with enticing economic prospects and robust business frameworks. Our business strategy, based on the Dubai Economic Agenda (D33), is creating an atmosphere that will eventually lead to excellence and sustainable growth.
EGA to acquire 80% of US recycling firm: Emirates Global Aluminium (EGA) today announced its intention to acquire 80 percent of the American aluminium recycling firm Spectro Alloys Corporation. The current owner-managers will retain a 20 per cent shareholding.EGA and Spectro Alloys have signed an equity purchase agreement, which is expected to close in the third quarter of 2024.
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