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AJ Al Asmawi Group signed a musataha agreement with Dubai Industrial City to expand its operations, investing AED 45 million in a new facility for oil rigs manufacturing and refurbishment. Construction is expected to be completed by end of 2027, creating about 200 jobs.
“AJ Al Asmawi Group is investing a further AED 45 million in a new facility, bringing its total investment at Dubai Industrial City to approximately AED 500 million.”dubainews.net
Summarized from public sources; check the original articles before acting on it.