# M-TEchX and BNP Group sign $500M deal for nanofiber plant in Dubai

M-TEchX signed a $500 million deal with UAE-based BNP Group to set up an advanced nanofibre production plant in Jebel Ali, Dubai. The plant will be operational by the end of 2022 and will generate hundreds of new jobs.

- Type: New facility
- Announced: 2021-12-15
- Where: Jebel Ali, Dubai, United Arab Emirates
- Value: $500.0M
- Starts operating: 2022
- Status: announced
- Products: nanofibre, magic fibre
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [M-TEchX](https://endata.com/companies/59744.md)
- [BNP Group](https://endata.com/companies/59745.md) (partner)

## Sources

- [thenationalnews.com](https://www.thenationalnews.com/business/technology/2021/12/15/japans-m-techx-signs-500m-deal-with-uaes-bnp-group-for-nanofiber-plant-in-dubai/), 2021-12-15: "M-TEchX, the Tokyo-headquartered pioneer in nanotechnology, signed a $500 million deal with the UAE-based BNP Group to set up an advanced nanofibre production plant in Jebel Ali, Dubai."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.