Page 60 - SOBHA REALTY PR REPORT - APRIL 2024
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4/4/24, 1:10 PM                              Dubai: Sobha Group sets up $123mln new facility in DIC














































        Image stacking composition of star trails around Polaris for more than 3 hours over Dubai Marina skyline, May, 2014. Getty
        Images Image used for illustrative purpose.
        Getty Images
        REAL ESTATE
        Dubai: Sobha Group sets up $123mln new

        facility in DIC



        Factory will build airplane seats in addition to other products


        Staff Writer, Khaleej Times



        April 4, 2024


        Real estate developer Sobha Group on Wednesday said it has set up a second furniture
        factory by signing a land lease agreement with Dubai Industrial City (DIC) with an

        investment valued at Dh450 million.


        It is located across an 84,000 square metre land plot with a built-up area of 50,000 sqm.

        The company will manufacture a range of products including sofas, seats, armchairs,




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