A new, US$20M flat glass facility has been launched in a joint venture between Glass LLC (Dubai Investments) and the Abdulah Abdul Ghani & Sons (AAG) group of companies. The company, based in Qatar, is part of a move to address the increasing demand for glass and glass products in the Gulf state's construction industry. Under the terms of the agreement, Glass LLC will have a 49% stake in the venture and will also provide technical and management expertise to cover areas including technology, license, management and personnel. AAG will hold the remaining 51% share and provide the venture with local knowledge and support through its subsidiary, A&C Abdul Ghani & Cardahi Construction & Installation. The facility is expected to come onstream within 12 months, producing high performance glass for architectural and construction purposes.
