Abu Dhabi, January 30, 2017

EBG signs an MOU with OJI Japan

Left to right Mr. Eiji Murata, Mr. Yoshiki Koseki (Executive Vice President and President of OJI
Engineering), Mohammad Al Blouki (Chairman of Emirates Business Group EGB) and Mr. Samir Ramadan
(Managing Director EGB)
Emirates Business Group (E86) and OJI Engineering Co. (Oil), a leader in the paper industry in Japan
with more than 35 industrial and commercial operations around the globe, signed a Memorandum of
Understanding (MOU) to conduct a full-edge feasibility study for the establishment of a pulp mill in
the United Arab Emirates (the Project).
INMA Business Development (INMA), with operations in Abu Dhabi, UAE and Amman, Jordan in addition to
a distinguished and long-established expertise in industrial projects, was assigned by both parties to
conduct the study for the Project in a span of six months.
The Project is expected to be the rst of its kind in the Middle East and North Africa (MENA), the Indian
Subcontinent, Iran and Turkey with a capital investment of around US$1.2 Billion and production capacity
of 640.000 tons.
The Project is expected to serve the MENA region's escalating demand for pulp due to its ourishing
paper industry at an unprecedented scale. The operation will pose a challenge in its complicated logistical
operations and extensive capital requirements, however it serves UAE's strategic vision to invest in mega
scale operations due to its well-developed infrastructure, availability of energy requirements and skilled
talents and hunger of its business community to similar operations.

Mohammad Abdul Jalil Al Blouki Chairman of Emirates Business Group