Abu Dhabi Holding signs MoU on petrochemicals output

Abu Dhabi, July 6, 2009 (WAM) - Abu Dhabi Holding (ADH) announced on Sunday that they have signed a Memorandum of Understanding (MoU) with a European technology partner to assess, in cooperation with Abu Dhabi Basic Industries Corporation (ADBIC), the establishment of a production plant for non-woven fibre fabrics in Abu Dhabi Polymers Park.
Otaiba Said Al Otaiba, Chairman of Abu Dhabi Holding, said, "This MoU is in line with ADH's strategy to pursue industrial investments, with a focus on downstream petrochemical industries.”