Albaddad Capital has announced plans to expand its factory space in Dubai to 500,000 sq ft to enable growth in the production of temporary buildings and relief units.
Albaddad said in a statement that it expects to triple its growth during the next five years to meet the Emirati market needs and customers’ requirements in the GCC, Africa and Middle East markets, in addition to expanding into the US and Europe.
The new expansion at its facilities in National Industries Park includes establishing a storage capacity of 2 million sq m, the company said in a statement.
Dr Fateen Al Baddad, chairman, Albaddad Capital, said: “We will continue the development stages started in the middle of current year through expanding our industries in the National Industries Park, aiming to implement the sustainability of the production development plans and strengthen our markets.”
Sultan Ahmed bin Sulayem, group chairman and CEO, DP World and Chairman of Ports, Customs and Free Zone Corporation, added: “We are proud to support partners in Dubai such as Albaddad Capital who add to the UAE’s business development goals. The launch of Albaddad Capital’s logistics centre marks the continuation of their growth locally and in the wider region.”
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