KTL Global, the supplier of rigging equipment to the offshore oil and gas (O&G) sector, says it will invest $6 million to set up one the largest rigging and sling manufacturing facilities in the Middle East.

It will be located on a 10,000 sqm plot of prime industrial land in the Hamriyah Free Zone in the city of Sharjah in the United Arab Emirates. Spanning 24 square kilometres and served by a 14 metre deep port, the zone is dedicated to small and medium-sized enterprises in various industries such as O&G, petrochemical, steel and construction.