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Leading real estate developer Sobha Group has signed a AED450 million ( ) land lease agreement with Dubai Industrial City that will see the company set up a second furniture factory at DIC.
The Emirati group had established its first furniture making unit at Kezad in Abu Dhabi.
Spanning a 84,000 sq m area within Dubai Industrial City, the new Sobha facility will reinforce the local industrial sector through initiatives such as Make it In the Emirates.
With a built-up area of 50,000 sqm, the new factory 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.
"Sobha Furniture at DIC will contribute to Dubai’s and the UAE’s manufacturing landscape in the years to come," said PNC Menon, the Founder and Chairman of Sobha Group.
"We are proud to expand Sobha Group’s legacy of adding value to change lives for the better," he stated.
Sobha Furniture CEO Carlo Magistretti said: "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," he noted.
Its location within Dubai Industrial City will also enable synergies with Sobha Furniture’s existing facility in Kezad in Abu Dhabi, he added.