Latest News
25-Apr-2016
Achievements and Expansion of Oryx Industries showcased in the presence of HH Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah
New production line to increase annual production capacity to 12 million tonnes per annum
Abdullah Al Shaheen, Chairman, Oryx Industries: “Investor-friendly climate serves as the cornerstone of the group’s success”
HH Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, paid a visit to Oryx Industries headquarters, to review the achievements made by the Group over the last 12 months. His Highness was received on his visit by Sheikh Mohamed bin Suhaim Al Thani, the majority shareholder in Oryx Industries.
During the visit, Mr. Abdullah Al Shaheen, Chairman of Oryx Industries and Deputy Chairman and Managing Director of State Holding Group, Qatar, briefed His Highness, along with a number of government officials and businessmen, on the accomplishments made by the group and the new expansions achieved by its subsidiaries.
The Crown Prince visited the Group’s quarries while being briefed on the Group’s expansion projects that have contributed to boosting Fujairah’s ranking as a major exporter of quarry products and building materials amongst the GCC countries.
Speaking on the occasion, Mr. Al Shaheen extended his gratitude and appreciation to His Highness for his efforts and contribution in advancing economic development in the Emirate of Fujairah.
Mr. Al Shaheen added: “The investor-friendly climate in Fujairah, the consistent and stable legislative framework, the collaboration of stakeholders, the existing investment opportunities and the provision of infrastructure and logistics facilities, have all served as the cornerstones for achievements made by the group, within a short span of time. The group is now considered as one of the top contributors to the emirate’s ongoing urban and commercial development, through its operations in quarry products and ready-mix concrete.”
The visit was followed by a press conference, in which Mr. Al Shaheen thanked His Highness and others in the delegation for their visit.
Mr. Al Shaheen concluded: “The success of Oryx Industries has always been and will continue be linked to the growth and development of the emirate.”
Mr. Qais Al Maskati, CEO and Managing Director of First Equity Partners and Member of the Board of Oryx Industries, said that the new developments seen over the last year have included many contributions made by the group’s subsidiaries. These include: the opening of Oryx Crushers, with a production capacity of 1,400 tonnes per hour; the launch of a new production line at Al Aali Crushers; and the expansion in the quarry’s operational area to 2.8 square kilometres. These expansions will increase the production capacity of the two companies to over 12 million tonnes per annum.
Other achievements made by the group over the last few years, through its subsidiary Oryx Trading, include the signing of contracts with many companies in the GCC region for the export of quarry products.
“This has enabled Oryx Industries Group to lead the way as one of the largest exporters of such products, from the Emirate of Fujairah,” Al Maskati said.
With regard to developments seen in Oryx Mix, the company has been able to increase its market share to two thirds of the total ready mix concrete production, in the Eastern Coast of the UAE.
All products of ready mix concrete are in compliance with the highest international standards. Large construction and infrastructure projects, such as hotels, high-rise buildings, airports and highways, already use Oryx ready mix concrete. This has enabled the company to build a strong and growing portfolio of clients, with recent projects based in Khorfakkan, Al Badiyah, Dibba Al Fujairah, Kalba and other cities in the Eastern Coast of the UAE.
Qatar-based State Holding, one of the major investors in Oryx Industries, has investments in industrial and real estate sectors across the MENA and European regions. Its prudent investment policy gives a special attention to growth and sustainability in all its investments.
Bahrain-based First Equity Partners (FEP) manages a USD 3 billion investment portfolio and has eight offices across MENA and Europe. FEP manages all the subsidiaries of State Holding Group, which operate across different industry sectors such as steel, building materials, real estate, trading and SMEs for manufacturing.
Latest News
Abdullah Al Shaheen, Chairman, Oryx Industries: “Investor-friendly climate serves as the cornerstone of the group’s success”
HH Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, paid a visit to Oryx Industries headquarters, to review the achievements made by the Group over the last 12 months. His Highness was received on his visit by Sheikh Mohamed bin Suhaim Al Thani, the majority shareholder in Oryx Industries.
During the visit, Mr. Abdullah Al Shaheen, Chairman of Oryx Industries and Deputy Chairman and Managing Director of State Holding Group, Qatar, briefed His Highness, along with a number of government officials and businessmen, on the accomplishments made by the group and the new expansions achieved by its subsidiaries.
The Crown Prince visited the Group’s quarries while being briefed on the Group’s expansion projects that have contributed to boosting Fujairah’s ranking as a major exporter of quarry products and building materials amongst the GCC countries.
Speaking on the occasion, Mr. Al Shaheen extended his gratitude and appreciation to His Highness for his efforts and contribution in advancing economic development in the Emirate of Fujairah.
Mr. Al Shaheen added: “The investor-friendly climate in Fujairah, the consistent and stable legislative framework, the collaboration of stakeholders, the existing investment opportunities and the provision of infrastructure and logistics facilities, have all served as the cornerstones for achievements made by the group, within a short span of time. The group is now considered as one of the top contributors to the emirate’s ongoing urban and commercial development, through its operations in quarry products and ready-mix concrete.”
The visit was followed by a press conference, in which Mr. Al Shaheen thanked His Highness and others in the delegation for their visit.
Mr. Al Shaheen concluded: “The success of Oryx Industries has always been and will continue be linked to the growth and development of the emirate.”
Mr. Qais Al Maskati, CEO and Managing Director of First Equity Partners and Member of the Board of Oryx Industries, said that the new developments seen over the last year have included many contributions made by the group’s subsidiaries. These include: the opening of Oryx Crushers, with a production capacity of 1,400 tonnes per hour; the launch of a new production line at Al Aali Crushers; and the expansion in the quarry’s operational area to 2.8 square kilometres. These expansions will increase the production capacity of the two companies to over 12 million tonnes per annum.
Other achievements made by the group over the last few years, through its subsidiary Oryx Trading, include the signing of contracts with many companies in the GCC region for the export of quarry products.
“This has enabled Oryx Industries Group to lead the way as one of the largest exporters of such products, from the Emirate of Fujairah,” Al Maskati said.
With regard to developments seen in Oryx Mix, the company has been able to increase its market share to two thirds of the total ready mix concrete production, in the Eastern Coast of the UAE.
All products of ready mix concrete are in compliance with the highest international standards. Large construction and infrastructure projects, such as hotels, high-rise buildings, airports and highways, already use Oryx ready mix concrete. This has enabled the company to build a strong and growing portfolio of clients, with recent projects based in Khorfakkan, Al Badiyah, Dibba Al Fujairah, Kalba and other cities in the Eastern Coast of the UAE.
Qatar-based State Holding, one of the major investors in Oryx Industries, has investments in industrial and real estate sectors across the MENA and European regions. Its prudent investment policy gives a special attention to growth and sustainability in all its investments.
Bahrain-based First Equity Partners (FEP) manages a USD 3 billion investment portfolio and has eight offices across MENA and Europe. FEP manages all the subsidiaries of State Holding Group, which operate across different industry sectors such as steel, building materials, real estate, trading and SMEs for manufacturing.
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