Abu Dhabi / WAM
Abu Dhabi Ports has signed a Standard Musataha Agreement (SMA) with the Sobha Group, one of the largest real estate development companies in India and the Middle East, to launch a multi-use modern furniture factory in Khalifa Industrial City.
The Chief Executive of Khalifa Industrial City, Mohammed Saeed Al Mulla, said that Sobha represents the latest partnerships of the Khalifa Industrial City on the level of global and regional institutions.
For his part, the Chairman of the Board of the Sobha Group said that the decision to invest in the Khalifa Industrial City is based on many factors, the most notable are the site and the exceptional services that the industrial city enjoys through its links with Khalifa Port. He said that Khalifa Industrial City represents the ideal base that allows the company to meet the requirements of its customers and serve new markets in the surrounding area.