Dubal Holding takes Stake in Dubai Industrial City-based Aluminum Extrusion Company OSE Industries

OSE Industries began its manufacturing operations in 2015, and now exports MPE, precision tubing and industrial piping across the Middle East and North Africa, Asia, Europe and the US. Its clients include electric carmakers, as well as major players in the heating, ventilation and air conditioning (HVAC) sector. Situated in Dubai Industrial City – the region’s largest manufacturing and logistics hub – near Jebel Ali Port and Al Maktoum International Airport, OSE Industries’ strategic location in Dubai Industrial City allows it to access two-thirds of the global population in eight hours. Dubal Holding, a wholly-owned subsidiary of Investment Corporation of Dubai, is focused on expanding its industrial footprint and stimulating growth in the downstream value chain.

Deal is a major boost for Dubai’s industrial sector. It will enhance the emirate’s position as a hub for manufacturing and logistics in line with the vision of our leaders for a diversified, sustainable economy. As a strategic driver and enabler of the Dubai Industrial Strategy 2030, we work hard alongside our 750 business partners to position Dubai as a global platform for knowledge and innovation-based industries with a focus on priority sub-sectors including aluminum and fabrication metals. Dubai Electricity and Water Authority (DEWA) and Emirates Global Aluminum (EGA) recently reached an agreement for DEWA to supply EGA’s smelter with solar power from the Mohammed bin Rashid Al Maktoum Solar Park, located in Dubai. The move helped make the UAE the world’s first country to produce aluminum using solar power.

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