Al Bayader International signed an agreement with National Industries Park to develop a AED 180 million (about USD 50 million) integrated manufacturing and logistics hub in Dubai, able to produce up to 30,000 tonnes of packaging a year, with construction starting in 2026 and operations targeted for early 2028.
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.
India's Forpack Industries signed an MoU with Sharjah's SAIF Zone to establish its first UAE headquarters by leasing four warehouses in the U2 area. The company plans AED 10 million in capital investment and makes packaging, stretch film and cardboard products.
Shrinath Flexipack agreed to build its first Middle East factory on a greenfield site in KIZAD Polymers Park, Abu Dhabi, with an AED 55 million investment, producing 30,000 tonnes of plastics per year.
Can-Pack unveiled a new aluminium cans factory at Dubai Investment Park, UAE, with an investment of Dh200 million. The plant will serve markets as far as the Philippines and Papua New Guinea.