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Top 10 GCC Cities ●●● and Real Estate Leaders Achievements 2011
    • Yearl Membership

    • Business and finance group launches Top 10 GCC Cities project about real estate leadership and achievements. The launch of this media and economic project comes to cover
    • Economic Accomplishments

    • This event is regarded as the first joint economic Gulf grouping between the performances of the secretariats and municipals of the Top 10 GCC Cities.t
    • Letters of the Strategic Support

    • Letter of Ministry of Municipal and Rural Affairs Letter of Jeddah Municipality Letter of Jeddah Municipality 2 Letter of Holy Capital Letter of Eastern Province Municipality
    • Program Features and Activities

    • This program is the first and largest specialized event which highlights the main accomplishments and those being implemented in the top (10) ten GCC Cities
    • Unlimited Investments

    • The Board of Directors of the Business and Finance Group expresses to you its regards and wish you further progress and prosperity, and we are pleased
    • Registeration Application

    • The Business & Finance Group is pleased to invite you to participate in the Forum & Ceremony of Real Estate Leaderships and Accomplishments of GCC Cities under the sponsorship of Jeddah
    • Electronic Information Center

    • Info ME Information Center electronic specialist section in queries with regard to electronic companies, sectors and information about companies, you can ask a question and be
    • Program of Advertising Participant

    • The Group has allocated an extensive media coverage for all the audio, visual and text media in order to deliver the information needed locally, regionally and internationally
    • Sponsorship Category

    • includes the publishing of (10) issues, where an issue is published each month for each a city participating in this event, as per the rank of each Gulf city in this letter, and the issues are published monthly by the Business & Finance Club Magazine, which is one of the Group’s media activities
   
 

Cabot to open $2b masterbatch facility

Business & Finance Club - Dubai: Cabot Corporation, Boston-based global chemicals and materials company will supply black masterbatch from its new $2 billion (Dh7.34 billion) facility in the Jebel Ali Free Zone to Middle East and Asia-Pacific and European infrastructure related industries, a top official said.

The facility will produce 25,000 metric tonnes of the compound in its first year of production, which will later be ramped up to 75,000 metric tonnes annually.

Masterbatch is an ingredient used to colour the raw materials used in making plastics.

"Our main markets will be the Middle East, where we believe infrastructure has continued demand," Patrick Prevost, president and chief executive of Cabot Corporation, said.

"This facility will be complementary to our world-wide position," he said. The company has similar facilities in Belgium and Hong Kong.

Although the company saw demand drop by 9 per cent last year during the global economic downturn, it has seen a significant recovery. "We are hopeful about further development in the Gulf region," Provost said, adding that exports to Asia Pacific, especially China, will be significant.

The facility is in the last phase of start-up and will be operational in August.

Laboratories, administration offices, production and packaging are all located in the building.

The Dubai plant allows Cabot to better meet increasing demand for masterbatch in the Middle East, Europe and the Asia Pacific.

"This new move not only reflects the confidence the company has in Dubai and Jafza but also proves that Jafza is still one of the most favoured investment destinations for international companies looking to base themselves in the region," senior vice-president of global sales at Jafza, Adil Al Zarouni, said.

 

 
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