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

BNY Mellon Lands A Big Ally For Expansion In Saudi Arabia

NCB Capital is the kingdom's biggest asset manager and investment bank Read more

Coronavirus, Low Oil Prices Set To Speed Up Gulf Bank Mergers

Moody's Investors Service says financial concerns in the region will play a larger role in encouraging deals Read more

Abu Dhabi Fund Buys $750m Stake In Retail Arm Of Indian Giant Reliance

Subsidiary of the Abu Dhabi Investment Authority will buy a 1.2% stake in Reliance Retail Ventures Read more

How The Lebanese Private Sector Is Coping In The Eye Of A Storm

Businesses extremely pessimistic about future as layoffs continue and wages plummet Read more

Lebanese Pound: The Most Undervalued Currency In The World

As political and economy chaos ensues, leading analyst says exchange rate needs sorting 'as soon as possible' Read more

How Coronavirus Is Changing Banking For The Better

Redefining finance for good: Virtual CXO Forum to take place on October 7 Read more