Page 66 - SOBHA REALTY PR REPORT - APRIL 2024

4/4/24, 1:10 PM Dubai: Sobha Group Sets Up Dh450 Million New Facility In DIC | MENAFN.COM
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, chairs, beds,

car and airplane seats, assembled and flat-pack cabinets for the local market and for export
customers.

The new facility will reinforce the local industrial sector through initiatives such as 'Make it In
the Emirates'.

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

“Sobha Furniture at Dubai Industrial City will contribute to Dubai's and the UAE's
manufacturing landscape in the years to come, and we are proud to expand Sobha Group's

legacy of adding value to change lives for the better,” said PNC Menon, founder and chairman
of Sobha Group.

“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,” said Carlo Magistretti,

CEO of Sobha Furniture.

Its location within Dubai Industrial City will also enable synergies with Sobha Furniture's
existing facility in KEZAD in Abu Dhabi.

https://menafn.com/1108055726/Dubai-Sobha-Group-Sets-Up-Dh450-Million-New-Facility-In-DIC 2/2