Fujairah which is known for its port and beach resorts, now also boasts the biggest textile factory in the Middle East.Â United Textiles FZE, a new company has taken the step to assample the largest textile plant in the Fujairah Free Zone.
â€œWithin the UAE, we believe that Fujairah provided the best facilities to foreign investments,â€ said Raj Kumar Kak, the chief executive ofÂ United Textiles FZE,Â
â€œRelatively low overhead costs and excellent road and connectivity were important factors that influenced our decision,â€ he added.
The 44,250 square metre factory, which is estimated to make Dh140m in sales per year, has a capacity of 45,600 spindles and employs a workforce of about 225 people.
The yarn will be used as a raw material for industries such as clothing and garment-making, as well as knitting furniture fabrics.
It will be exported to markets in Asia, the United States, North Africa, Europe and the Middle East.
Workers were going around the plant floor on roller skates to speed up the overall manufacturing process.
â€œBuilt with the latest technologies, the plant is the largest textile unit in the GCC and the Middle East,â€ said Mr Kak, in a speech addressed to Sheikh Hamad bin Mohammed, Ruler of Fujairah.
â€œBy way of this plant, United Textiles looks forward to making a positive contribution to the regional economy.â€
Fujairah is quietly growing its economy and expanding industries as different sectors receive heavy levels of investment from the local Government and partners located overseas.
The emirateâ€™s port is set to expand rapidly as a 370km pipeline between Abu Dhabi and Fujairah is planned to be completed as early as next year, making Fujairah a strategic shipping, oil and gas hub.
The pipeline is expected to carry 1.5 million barrels of crude a day to eight tanks capable of holding 1 million barrels each.
Both the emirateâ€™s tourism and retail sectors are also receiving billions of dirhams in investment as new projects are funded and once-stalled plans are revived.
Three major malls will either launch, or have already opened, in Fujairah this year, significantly adding to the retail landscape and ensuring residents no longer have to travel to other emirates to shop.
A Dh1.2 billion resort called Madinat Miramar in the Al Aqah area is also set to begin building and will eventually include restaurants, cafes, shops and a small lake.
Created in 1987, Fujairah Free Zone has become a popular base among manufacturing companies thanks to its close proximity to the port and infrastructure for exporting goods.
Companies there are 100 per cent foreign-owned, pay no tax and are not charged for repatriating profits overseas