# Al Bayader to build $3.5M food packaging complex in Sharjah with HSBC financing

Al Bayader International secured medium-term financing from HSBC to build a 450,000 sq ft food packaging industrial complex in Sharjah's Al Sajaa Industrial City, expected to be completed in 2023 and quadruple capacity to over 120,000 tonnes.

- Type: New facility
- Announced: 2021-07-26
- Where: Al Sajaa Industrial City, Sharjah, United Arab Emirates
- Value: $3.54M (13.0M AED)
- Jobs: 500
- Status: announced
- Capacity: over 120,000 tonnes
- Products: food packaging, cleaning products
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Al Bayader International](https://endata.com/companies/7782.md)
- [HSBC](https://endata.com/companies/2386.md) (investor)

## Sources

- [gulfnews.com](https://gulfnews.com/business/markets/al-bayader-secures-funding-for-uaes-largest-food-packaging-complex-1.1627311451790), 2021-07-26: "When completed in 2023, the facility will quadruple its total production capacity to over 120,000 tonnes."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.