gulfnews : GHC sets $10b for expansion
Abu Dhabi-based conglomerate General Holding Corporation (GHC), plans to invest $10 billion (Dh36 billion) over the next few years towards business expansion, a top GHC official said here yesterday.
"This investment would include expansion of the existing companies currently owned by GHC and establishment of new joint ventures," Hussain Jasem Al Nowais, Vice Chairman of GHC and Chairman of the Executive Committee told Gulf News in an interview.
He said GHC's unit — Abu Dhabi Basic Industries Corporation (Adbic) plans to invest a combined $1.5 billion in new downstream businesses — steel pipes and aluminium rolling mill.
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