Dubai developer Binghatti has acquired a state-of-the-art steel
manufacturing facility in Dubai.
“The
newly acquired steel factory marks a significant milestone in Binghatti’s
commitment to innovation and excellence in the real estate industry,” the
company said in a statement.
Binghatti’s
strategic acquisition is in line with its supply chain and development process.
The newly-acquired factory will operate in tandem with Binghatti’s in-house
manufacturing facilities for joinery, aluminum and glass, and guided by its
dedicated team of in-house engineers, interior designers and architects.
“The
acquisition and development of this manufacturing facility further cements
Binghatti’s unwavering commitment to quality. We are determined to maintain
uncompromising focus on craftmanship and ensure the highest standards of
durability and excellence by overseeing the entire process from inception to
completion in our projects”, Binghatti CEO Muhammad BinGhatti commented.
Binghatti
aquired this investment through its self-sustained cash flow, reflecting the
company’s solid financial position. The strategic investment further
strengthens the developer’s position as a key player in the industry