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The Dubai Investment Co. is carrying out negotiations with Saudi Hamad Al Draiss Co., based in Riyadh, with the intention to purchase the Saudi American Glass Factory owned by Al Draiss Co.
Dubai Investments PJSC (DI), a diversified holding company, has signed a Memorandum of Understanding (MoU) to acquire the Riyadh-based Saudi American Glass (SAG) in a move that will make the company a leading player in the Middle East glass industry.
In August, Al Abbar Architectural Glass in Dubai will take delivery of the worlds largest Low-E tempering (toughening) line.
Emirates Glass, a Dubai Investment Group subsidiary and regional leaders in supplying high quality glass products with its premium brands, is participating in the Rebuild Iraq Exhibition in Amman, Jordan, from April 4 - 7, 2005 in order to play a…