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Sobha Group sets up Dh450 million new facility in DIC

Business Dubai 11 Apr 24
Sobha Group sets up Dh450 million new facility in DIC
Real estate developer Sobha Group sets up Dh450 million new facility in DIC,
Fee
Event Location
Dubai, Dubai
Area
Dubai
Start Time
11 April 2024, 12:00 AM
End Time
31 May 2024, 12:00 AM
Website

Sobha group, the premium real estate developer, on Wednesday said it has set up a second furniture factory by signing a land lease agreement with Dubai Industrial City (DIC) with an investment valued at Dh450 million.

It is located across an 84,000 square metre land plot with a built-up area of 50,000 sqm. The company will manufacture a range of products including sofas, seats, armchairs, chairs, beds, car and airplane seats, assembled and flat-pack cabinets for the local market and for export customers.

The new facility will reinforce the local industrial sector through initiatives such as ‘Make it In the Emirates’.

Its location within Dubai Industrial City will also enable synergies with Sobha Furniture’s existing facility in KEZAD in Abu Dhabi.

PNC Menon, founder and chairman of Sobha Group said, “Sobha Furniture at Dubai Industrial City will contribute to Dubai’s and the UAE’s manufacturing landscape in the years to come, and we are proud to expand Sobha Group’s legacy of adding value to change lives for the better,"

“With this factory, we aim to not only meet but exceed global standards of high-quality, luxury furniture manufacturing. This significant investment underscores our commitment to innovation, quality, and contributing to the growth of the local economy,” said Carlo Magistretti, CEO of Sobha Furniture.


Sobha Group new facility DIC



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