Zuari to set up $800-mn plant in UAE
MumbaiZuari Agro Chemicals and Ras Al Khaimah (RAK) Maritime City on Monday signed a memorandum of understanding (MoU) to set up an integrated Di-ammonium Phosphate (DAP) manufacturing facility in UAE with an estimated project cost of $800 million. Zuari Agro Chemicals, the flagship of $3 billion Adventz Group, is a leading fertiliser conglomerate in India. The project envisages setting up an integrated DAP unit, along with its attendant utilities including a power plant, a private jetty and a desalination plant with an estimated project cost of $800 million.