M.A.H.Y. Khoory Group has announced an investment exceeding AED 1 billion (approximately USD 272.2 million) in PM4, a new paper manufacturing project in Abu Dhabi to enhance production capabilities and diversify into premium containerboard and specialised gypsum plasterboard paper.
Oct 24, 2026
M.A.H.Y. Khoory Group & Co. LLC has announced plans to invest more than AED 1 billion (approximately USD 272.2 million) in PM4, a new paper manufacturing project at the Al Dhafra plant of Union Paper Mills (UPM), the Group’s manufacturing arm in Abu Dhabi.
The project will integrate advanced manufacturing technologies to enhance production capabilities and operational efficiency. It will also enable Union Paper Mills to diversify its product portfolio into higher-value segments, including premium containerboard grades and specialised paper for gypsum plasterboard applications.
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The investment is intended to strengthen the Group’s competitive position and expand its ability to serve evolving customer requirements and pursue opportunities in regional and international markets.
Commenting on the development, Salahaldin Sharafi, Chairman of the Board of M.A.H.Y. Khoory & Co., described “PM4 marks a defining chapter in our industrial journey. This is not simply an expansion; it is a bold investment in the future of our business, designed to redefine our manufacturing capabilities and strengthen our competitive position for decades to come.”
AbdelRhman Obaid, Group CEO of M.A.H.Y. Khoory & Co., said “Our ambition is to build a future-ready industrial platform that is smarter, more agile and more diversified. By anticipating market shifts and embracing innovation, we aim to unlock new growth opportunities, strengthen resilience and create sustainable long-term value. Above all, this milestone reflects our conviction that long-term success is built through decisive investment, continuous innovation and the ambition to lead rather than follow.”
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The project aligns with the UAE’s Operation 300bn industrial strategy and the ‘Make it in the Emirates’ initiative, which aim to advance domestic manufacturing, economic diversification and industrial competitiveness.
