In Dubai, UAE, Lootah Group signed a joint venture agreement with Sichuan Meiyu Group to build a project in Abu Dhabi with an annual production capacity of 250,000 tons of high-precision aluminum rods and aluminum-based materials. This is Meiyu Group's first project in the Gulf region and a response to the "Belt and Road" initiative. Lootah Group, founded in 1973 by Dubai's founding family member Mr. Ibrahim Saeed Ahmed Lootah, has developed into a globally influential company and has built iconic building infrastructure projects in the Middle East. Sichuan Meiyu Group, established in 2019, is a company that integrates the production of aluminum rods, aluminum ingots, aluminum profiles, and aluminum plates and strips, and its products are widely used in multiple fields. The group has five major production bases.
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