Dubai-based real estate developer Binghatti acquiring a steel manufacturing facility in the heart of the city. The facility, located in Dubai Industrial City, adds a new dimension to Binghatti’s diverse portfolio.
The steel manufacturing facility is strategically positioned within Dubai Industrial City, a hub for industrial and manufacturing activities. This central location provides logistical advantages and easy access to major transportation routes.
With this acquisition, Binghatti aims to enhance its vertical integration capabilities. Owning a steel manufacturing plant allows the company to control the entire production process, from raw materials to finished products.
By producing its own steel components, Binghatti can streamline construction processes, reduce lead times, and ensure consistent quality across its real estate projects. Binghatti is committed to sustainable practices. The steel facility will incorporate eco-friendly technologies and adhere to green building standards.
Industry experts anticipate that Binghatti’s entry into steel manufacturing will have a positive impact on the local market. It may also lead to collaborations with other developers seeking reliable steel supplies.
Comments
No comment yet.