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Sobha Group Launches Dh450 Million Facility in Dubai Industrial City

With an investment of Dh450 million, real estate developer Sobha Group announced on Wednesday its collaboration with Dubai Industrial City (DIC) through a land lease agreement to establish a second furniture factory. Spanning an impressive 84,000 square meters of land area, with 50,000 square meters designated as built-up space, this new facility marks a significant expansion for Sobha Group's manufacturing capabilities.

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The factory is poised to produce a diverse range of furniture items, including couches, seats, armchairs, chairs, beds, car and airplane seats, as well as assembled and flat-pack cabinets. Targeting both local and export markets, Sobha Furniture at Dubai Industrial City aims to meet and surpass global standards in high-quality, luxury furniture manufacturing.

This initiative aligns with the regional industrial sector's development strategies, with programs such as "Make it in the Emirates" facilitating growth. Founder and Chairman of Sobha Group, PNC Menon, expressed pride in contributing to Dubai's and the UAE's manufacturing landscape. He emphasized the Group's commitment to adding value and positively impacting lives.

Carlo Magistretti, CEO of Sobha Furniture, reiterated the focus on innovation, quality, and economic growth. He emphasized the significance of this investment in bolstering the local economy and surpassing global standards.

The strategic location within Dubai Industrial City also enables synergies with Sobha Furniture's existing facility in KEZAD, Abu Dhabi. This synergy is expected to further enhance operational efficiency and contribute to the overall growth trajectory of Sobha Group's manufacturing arm."

April 4, 2024 4:32 p.m. 4763

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