UAE to have Middle East’s first microchip factory

The UAE is set to be the first country in the Middle East to set up a microchip factory which will start production in 2015, the UAE-based newspaper The National reports.

The project will cost the Abu Dhabi Government-owned Advanced Technology Investment Company (ATIC) between $6 and $7 billion.

After months of study the company decided to base the project near Abu Dhabi International Airport.

“$6bn to $7bn is the estimated cost of what it will take to build a state of the art fabricating facility anywhere in the world,” said a spokesman for ATIC.