Abu Dhabi – Mubasher: Borouge signed an agreement with NAFFCO, a leading UAE-based manufacturer and supplier of fire protection systems, at a value of AED 160 million.
Under the deal, the listed company will supply NAFFCO’s local and regional infrastructure projects with its sustainable polyethylene (PE100) materials, according to a press release.
Borouge will provide advanced infrastructure solutions to NAFFCO for various infrastructure projects across the region.
These projects include the Guggenheim Museum, the Riyadh City Project, Mohammad Bin Zayed City, the Yas Island Development Project, the Dubai Hills Project, the Heat of Europe Island, and the Etihad Water and Electricity projects.
It is worth highlighting that pressure pipes made from PE100 can handle extreme industrial conditions, including high levels of impact to abrasions and stress cracking.
Hazeem Sultan Al Suwaidi, CEO of Borouge, said: “The two-year agreement will supply NAFFCO with Borouge’s innovative polyethylene solutions to enable local and regional megaprojects."
Ahmed Khalid Al Khatib, Group Managing Director of NAFFCO, commented: “Partnering with Borouge allows us to enhance our offering to ever-growing markets such as the UAE. It is important to have a collaboration with a strong partner such as Borouge to cater to the needs of various infrastructure developments.”
In January-September 2023, Borouge recorded 39% lower net profits at $713 million, compared to $1.16 billion during the same period a year earlier.
