An increase in Dubai’s infrastructure leads Enterprises to set up green cement plants
[Ming Pao News Reports] Dubai, to host the World Expo in 2020, sets new legislation to improve environmental protection requirements. The Sino-US trade war has intensified, and once again it is thought to diversify investment. Due to its superior geographical location, developed trade and transportation network, and the attraction of the tax system, Dubai has also won the right to host the 2020 World Expo and has once again become an emerging market that the government and the business community have called for expansion. Some Bangladeshi companies have more insights than Hong Kong companies. They have already taken advantage of the huge local infrastructure needs and new regulatory requirements. They are investing in local factories to prepare for the production of “green cement”, which is expected to be put into operation by the end of next year.
Ikram Ahmed Khan, Co-founder and Managing Director of Shun Shing Group, said that the company was founded in Bangladesh in 1988 with his two brothers. It was originally a family-owned company engaged in the trade of cement and other commodities. In 1990 they established a holding company in Hong Kong. Since 2001, the group has opened two cement plants in Bangladesh and established a shipping company.
Eight years ago, the group had purchased an industrial land in Dubai and was preparing to set up a factory to produce green cement. As the Dubai economy turned around, it temporarily postponed the investment plan and transferred the land to other companies. Until three years ago, it was decided to re-implement ...