Al Bayader gets funding for new Sharjah industrial complex
DUBAI, July 26, 2021
Al Bayader International, a major manufacturer of packaging and cleaning solutions for diverse uses in the UAE, has secured a medium-term financing for setting up the region’s largest food packaging industrial complex in Sharjah’s Al Sajaa Industrial City.
Spanning a 450,000-sq-ft area – the size of nearly six football fields - the Al Bayader International Industrial Complex will manufacture over 70% of its total product range of more than 1,200 food packaging and cleaning products.
The facility will include a dedicated R&D facility to drive product innovation, a large showroom, offices and 500-strong staff accommodation.
Al Bayader said work on the new project will kick off soon and once completed in 2023, the facility will quadruple its total production capacity to over 120,000 tonnes.
Located within minutes of the upcoming Etihad Rail, the complex will have seamless logistical connections to serve the nation as well as boost exports.
The project follows the recent expansion of Al Bayader International’s manufacturing facility in Jebel Ali Free Zone, which marked an investment of AED200 million for an expanded portfolio of ‘Made in UAE’ products that not only meets the needs of the nation but also are exported to several European, Asian, South American and African nations.
CEO Nidal Haddad said: "Securing the financing from HSBC for our mega-industrial complex underlines the strong potential of growth we have and our financial fundamentals. We continue to invest in building local manufacturing competencies, highlighting our commitment to the national industrial strategy."
HSBC has contributed finance for the land purchase and construction of the new AED13 million Sharjah industrial complex, which complements the Operation 300bn initiative announced by the UAE leadership to build domestic manufacturing capabilities and add in-country value, he stated.
Robotic systems managed by a hybrid model of humans and Artificial Intelligence technology will help achieve higher levels of operational efficiency. A smart tracking system that uses robotics and the Internet of Things (IoT) will drive the logistics operations, he added.
The company has also recently expanded its chain of retail shops opening its flagship retail outlet on Sheikh Zayed Road in Dubai, complementing the larger 2021 expansion plan of the group to open more retail outlets across the UAE as well as grow its business footprint to Oman, Qatar and Saudi Arabia.
Headquartered in Dubai, Al Bayader International’s manufacturing plants are located in Sharjah, Jebel Ali and in Qatar.-TradeArabia News Service
