Page 240 - SOBHA REALTY PR REPORT - SEPTEMBER 2024

9/17/24, 11:22 AM Sobha Group eyes $10bln revenue, enter furniture business: Report

Sobha Group announces Sobha Furniture’s factory, with state-of-the-art fully automated facility at Dubai Industrial City. Image Courtesy:
Sobha Group
Sobha Group eyes $10bln revenue, enter furniture

business: Report

Real estate projects planned in the US and Australia, says Co-Chairman Ravi Menon

Staff Writer, Zawya Projects

September 16, 2024

Dubai-based Sobha Group is seeking to double its turnover to $10 billion in the next five years,
supported by diversification into furniture and jewellery businesses, according to a news report.

A 50,000 square metre (sqm) factory will come up in Dubai and a 9,000 sqm factory will be developed in
KIZAD Abu Dhabi, Khaleej Times reported, citing Ravi Menon, Co-Chairman of Sobha Group.

Another 12,000 square metre (sqm) factory is being planned in Technopark, India, he added.

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