# Soudal Group invests Dh213 million in Al Muqarram Industry in Sharjah

Belgian Soudal Group invested Dh213 million for a stake in Sharjah-based Al Muqarram Industry, with plans to increase production capacity by 50% in two years. The investment aims to boost exports and expand the product portfolio.

- Type: Investment
- Announced: 2021-10-28
- Where: Sharjah, United Arab Emirates
- Value: $58.0M (213.0M AED)
- Status: announced
- Capacity: 50% increase in capacity
- Products: sealants, waterproofing products, adhesives, tapes, vehicle care products, aerosol sprays
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Al Muqarram Industry](https://endata.com/companies/58782.md)
- [Soudal Group](https://endata.com/companies/15154.md) (investor)

## Sources

- [gulfnews.com](https://gulfnews.com/business/markets/belgian-industrial-firm-soudal-invests-in-sharjahs-al-muqarram-industry-with-eye-on-exports-1.1635408090778), 2021-10-28: "From a projected sales revenue growth of about 15% to hit the Dh150 million mark by the close of 2021, we expect to register 20% growth to reach Dh180 million in 2022 driven by the expanded production capacity and a wider product portfolio."

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