Rwanda and UAE Firm Ink Deal for Printing and Manufacturing
Rwanda and E7 Group, a subsidiary of ADQ—a sovereign wealth fund from Abu Dhabi, UAE, focused on secure printing—have entered into a partnership aimed at establishing a production plant within the nation. This collaboration was formalized through a memorandum of understanding signed on May 8th between the Rwanda Development Board (RDB) and E7 Group. According to statements made by RDB, "The cooperation encompasses multiple services and aims to set up cutting-edge facilities designed to improve governmental service provision and reinforce Rwanda’s expanding position as a key center for sophisticated manufacturing in East Africa." By introducing this new entity in the printing industry, Rwanda aligns itself with strategic objectives outlined in NST2, which seeks substantial growth in export revenues ($7.3 billion) and foreign investments ($4.6 billion). Formerly recognized as United Printing and Publishing (UPP), E7 Group underwent restructuring when it amalgamated with ADC Acquisition Corp., leading to its renaming in early 2023. Based in Abu Dhabi, E7 Group trades publicly on the Abu Dhabi Securities Exchange and engages extensively across several domains, primarily document security measures like ID cards, credit/debit cards, travel documents, alongside newspaper publication, bookbinding, educational resources development, and package design. By fiscal year-end 2024, they reported annual revenue exceeding $189 million backed by total asset valuation over $645 million. E7 Group comprises divisions dedicated to specific areas: - **E7 Security**, specializing in contemporary secure-print techniques safeguarding critical individual/business information; servicing industries ranging from finance and administration to telecommunications, retail trade, accommodation providers, and transportation. - **E7 Printing** serves established regional markets offering comprehensive coverage encompassing periodicals, literary works, extensive outdoor advertising campaigns along with academic content creation. - Their packaging division utilizes top-tier technology to craft eco-friendly alternatives suitable for varied applications.
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