Sobha Group, a leading global luxury real estate developer, announced setting up it's second factory by signing a land lease agreement with client, the region's leading industrial hub, to build a facility approximately valued at AED 450million. By integrating cutting-edge technologies, the developer seeks to build the largest and completely automated factory in the UAE, demonstrating their commitment to fostering innovation and excellence in the sector. Through the new facility, which represents a step towards further vertical integration within the real estate group, the scheme plans to serve medium- and high-segment customers who value high-quality and ethically manufactured products by eliminating the need for imports, helping to reduce lead times, and cut transportation costs and emissions.
April
02
2024
Tuesday
LAST UPDATED
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