The Tokyo-based nanotechnology pioneer and inventor of the super material ‘Magic Fibre’ recently signed a $500-million (AED1.8 billion) deal with UAE-based BNP Group to set up an advanced nanofibre production plant in Jebel Ali, Dubai.

The state-of-the-art plant will be operational by late 2022, and will generate crucial employment for hundred, M-TEchx said in a statement.

Especially beneficial to the UAE’s fast growing knowledge-based economy and the wider Middle East region, the nanofibre plant will also impart vital knowledge transfer to UAE-based operatives, enabling them to start their own locally sustainable nanofibre business and creating all-round employment opportunities while contributing substantially to the ‘Made in the UAE program’.

M-TEchX is known for inventing the supermaterial known as “magic fibre,” a special nanofibre made with nanotechnology that is only a few nanometers thick.

Invented and patented by M-TEchX for varied uses around the globe, including regenerative medicine, Magic Fibre, according to the company, is a special nanofibre made with nanotechnology and is very safe for medical use as the product does not contain harmful substances, such as formaldehyde, arsenic, mercury, or chromium. Capable of absorbing all kinds of oil from any oil surface in both indoor and outdoor conditions, ultrafine Magic Fibre sheets are also proving highly beneficial in environmental situations involving large-scale marine oil spills and other environmental disasters.

Magic Fibre made its first-ever appearance in the Middle East during the Planet Japan exhibition at Dubai Exhibition Centre, Expo 2020 late last year.

MTEchX signed several important deals at the exhibition, with attending Japanese companies, apart from partnership agreements with BNP Group and Sheikha Mouza Investment and Consulting, for regenerative medicine and Japanese food and culture.

“Thanks to our presence at the show, we were able to have very concrete discussions with BNP Group and Sheikha Mouza Investment and Consulting, our local partners, regarding the establishment of our advanced nanofibre technology plant in the United Arab Emirates,” Hiroyoshi Sota, CEO of M-TEchX, said.

“This scenario marks the start of our new business collaboration with the United Arab Emirates,” he added.

“It was great to have the exhibition at Expo 2020 Dubai. We got a lot of eyeball, and many people, including business people and VIPs, visited our booth,” Sota said.

Meanwhile, M-TEchX also announced that it has signed a comprehensive technical and commercial agreement with Hasan Mohamed Gholoom AlKhoori, founder and CEO of Dynamic Facilities Management and Consultancy, an important consulting firms.

The collaboration is for advances in technological knowledge and its strong relationships and reputation in the UAE and the Middle East, opening new horizons for huge projects in the Middle East and globally.

The framework will be for Dynamic to manage M-TEchX's conferences and facilities, develop its projects, develop strategies, and build its relationship with government and private institutions.

Dynamic will also be a key partner in bringing this innovative technology and knowledge transfer from Japan to the UAE and the Middle East and its development. M-TEchX, along with Dynamic, have agreed to support the policies, strategies and future vision of Japan and the UAE.