News 

One media reported on March 31st that Abu Dhabi Port Co has recently made an agreement with Advanced Manufacturing Solutions (AMS) to build a new steel casting plant at Mussafah Industrial Zone for 0.514 billion dirhams (about USD 0.14 billion). This plant will be used to produce auto parts for BMW, VW, and Benz. It is known that the construction of this plant will be completed through 3 phases and its final capacity can reach 300 thousand tons per year, making the plant the largest steel casting plant for auto parts production around the world. Auto parts produced in this plant will not only be sold to the domestic UAE market, but will be also exported via Khalifa Port to the whole world. It is reported that this plant is only one of the project investments of AMS and AMS and FourWinds are planning for investing further in infrastructure, energy, and real estate market sectors of UAE.