Al Fares To Invest Dh60m In Dubai Industrial Park

{{#if alert}}

{{msg}}

{{/if}} {{#if confirm}}

{{msg}}

{{/if}} {{#if email}}

Please enter a valid destination email id

{{/if}}

The UAE-based supplier of tents and mobile structures is expected to create 500 jobs at the new premises

Dubai: Dubai Industrial Park (DI), the industrial district within Dubai Wholesale City (DWSC), said on Sunday that Al Fares International Group plans to invest Dh60 million in DI and will launch a warehouse and four manufacturing facilities.

The UAE-based supplier of tents and mobile structures is expected to create 500 jobs at the new premises, DI said in a statement.

As part of its planned expansion, the development of phase two will be carried out across an additional 300,000 square feet of industrial land in 2019, the statement added.

Loading...

RECENT NEWS

Saudi Asset Management Industry Passed SR1tn For First Time

Saudi Arabia assets under management sector tipped to pass $350bn next year    Read more

Global Financial Firm Lazard Bets On UAE Growth With Abu Dhabi Office Launch

The move is seen as Lazard’s commitment to deepening its presence in MENA, serving as a trusted advisor to clients ac... Read more

PayPal, TerraPay Partner To Boost Real-time Digital Transfers Across Middle East And Africa

The MENA digital payments market, estimated at $251.34 billion in 2025, is expected to reach $422.56 billion by 2030 Read more

Goldman Sachs Alternatives Acquires Majority Stake In UAE HR Firm PeopleStrong

The acquisition underscores the company’s ambitious growth strategy in the GCC region Read more

Al Salam Bank Announces Details Of Its 2025 Danat Savings Scheme

The biggest reward programme in Bahrain to offer prizes worth $10.6 million, including three grand prizes of $2.65 mill... Read more

Saudi Arabia Sees Surge In Cashless Payments As It Adopts Digital Transactions

Saudi Arabia uses digital technology for 79 per cent of retail payments Read more