IHC opens new facility to process seafood
ABU DHABI, February 23, 2021 International Holding Company has officially opened a new AED200+ million ($54.45 million) facility to process, store and distribute a quarter of the seafood consumed in the UAE. Operated by IHC’s subsidiary ASMAK, the new seafood facility is the largest in the Middle East and is designed to support the UAE’s food security aims, providing products to millions of consumers in the UAE and the region. Coinciding with the Gulfood F&B trade exhibition, the factory’s official opening on 22 February 2021 was presided over by Mariam Almheiri, Minister of State for Food and Water Security. Salah Abdalla Al Rayassi, Acting Assistant Undersecretary, Biodiversity & Marine Life Sector attended as the representative of Dr Abdullah Al Nuaimi, the Minister of Climate Change and Environment. Saud Abu Alshawareb, Managing Director of Dubai Industrial City, and ASMAK’s senior management were also in attendan
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The Bureau of Industry and Security (BIS) will amend the Export Administration Regulations (EAR) by adding a new ‘Military End User’ (MEU) List, as well as the first tranche of 103 entities, which includes 58 Chinese and 45 Russian companies. The U.S. Government has determined that these companies are ‘military end users’ for purposes of the ‘military end user’ control in the EAR that applies to specified items for exports, reexports, or transfers (in-country) to the China, Russia, and Venezuela when such items are destined for a prohibited ‘military end user.’
“This action establishes a new process to designate military end users on the MEU List to assist exporters in screening their customers for military end users,” said Commerce Secretary Wilbur Ross. “The Department recognizes the importance of leveraging its partnerships with U.S. and global companies to combat efforts by China and Russia to divert U.S. technology for their destab