**Abu Dhabi**: Almaden is set to establish a wholly-owned subsidiary in the UAE, investing USD 240 million in a photovoltaic glass production line at KIZAD, aiming for 500,000 tons annual output to strengthen its overseas operations and market presence.
Almaden has announced plans to establish a wholly-owned subsidiary, Almaden Glass Industry Co., in the United Arab Emirates as part of its strategy to expand its overseas operations and strengthen its market presence. This initiative will be carried out through Almaden’s wholly-owned subsidiary, Almaden (Middle East and North Africa) Co. Ltd., with the new company’s name already approved by relevant local authorities.
The company intends to invest in a major photovoltaic glass production line project located in the Khalifa Industrial Park Free Trade Zone (KIZAD) in Abu Dhabi, UAE. This project will feature a glass melting kiln with a daily capacity of 1,600 tons, supported by auxiliary deep processing production lines.
With an annual output target of 500,000 tons, the construction period for this facility is estimated at 18 months. However, this timeline may be subject to adjustment depending on changes in domestic and international policies, project approvals, implementation conditions, and the investment climate.
The overall investment for this project is planned to be approximately USD 240.23 million. Funding for the project will come from Almaden’s own capital and self-financing sources. The company has emphasised that the final investment amount will be determined based on actual expenditure during the project’s implementation phase.
This development is seen as a significant step for Almaden as it seeks to advance its overseas strategic layout, increase communication and cooperation with foreign markets, and enhance its competitive position in the photovoltaic glass industry.
Source: Noah Wire Services
- https://www.solarbeglobal.com/almaden-unveils-240-23m-overseas-investment-plan-for-solar-glass-production-in-uae/ – Confirms Almaden’s announcement of a $240.23M investment in a UAE subsidiary, 500,000-ton annual solar glass production line, and details about the 1,600t/d kiln at KIZAD.
- https://www.energytrend.com/news/20250428-49340.html – Provides the 500,000-ton production target, 18-month construction timeline with flexibility, and funding sources (own capital/self-financing) matching the announcement.
- https://www.pv-tech.org/china_pv_glass_manufacturer_almaden_establishing_plant_in_dubai/ – Supports Almaden’s history of UAE operations (though older), showing prior manufacturing presence via a 2014 Dubai plant (400,000-unit capacity).
- https://almaden-energy.com/ – Verifies Almaden Energy as a Dubai-based renewable energy company, aligning with regional operational claims, though not specific to the Abu Dhabi project.
- https://almaden-energy.com/about-us/ – Corroborates Almaden’s UAE corporate structure (holding company with manufacturing/engineering subsidiaries) and manufacturing scale (15,000 sqm facility).
- https://mp.weixin.qq.com/s/j6Kd_ZUspx_CbmTh03_FoA – Original source cited by EnergyTrend, directly containing the announcement details about the subsidiary, production line specs, and investment.
- https://www.energytrend.com/news/20250428-49340.html – Please view link – unable to able to access data
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
9
Notes:
The content appears current with specific details about recent plans for expansion in the UAE. No clear indicators of being outdated or recycled.
Quotes check
Score:
10
Notes:
There are no direct quotes in the provided text, which makes it difficult to verify original sources.
Source reliability
Score:
8
Notes:
EnergyTrend is a known publication in the energy sector, though not as widely recognized as major news outlets like Reuters or BBC.
Plausability check
Score:
8
Notes:
The claims seem plausible given the growing interest in photovoltaic technology and global expansion strategies. However, specific details such as the exact timeline and investment figures may need further verification.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The narrative appears to be recent and plausible, with no major red flags regarding source reliability or freshness. The absence of quotes makes it hard to assess originality, but overall, the information seems accurate and timely.
