Q Industrial, a subsidiary of Al Qudra Industrial, and Kuwait’s MRC, the industrial investment arm of Agility, will establish an industrial venture.

MRC-Q will become a leading company in the industrial sector in the UAE and the region, a statement said.

The company will specialise in the manufacturing of metals such as aluminum, lead, copper, iron and steel. MRC-Q will also be involved in various industrial activities such as the manufacture of tyres, paper, plastics, wood, oils and lubricants.

Al Qudra Industrial  is the industrial investment arm of the Al Qudra Holding group of companies.

Eng Salah Salem Bin Omeir Al Shamsi, chairman of the board and managing director of Al Qudra Holding, stated: “Al Qudra Holding, through its industrial arm, is honoured to cooperate with Agility, through MRC which has extensive experience in the manufacturing field. The objective of this partnership is to support the industrial sector and serve the country.”

Khalid Mohammed Al Mutawa, chairman of the board and managing director of MRC, said: “We are pleased to join forces with Al Qudra Holding through its industrial arm. Because Al Qudra Holding is a strategic partner in the region, our alliance with the company allows us to capitalise on its internal and external relations. This will open up many investment opportunities and enable us to develop the infrastructure necessary for the establishment of various operational processes in the industrial sector.” – TradeArabia News Service