Binghatti Development Acquires Steel Industry Property Development Company in Dubai, Strengthens Commitment to Innovation and Excellence

Binghatti Development announced that it has acquired a property development company for the steel industry in Dubai.

The new construction of the factory represents a significant achievement that demonstrates Binghatti’s commitment to innovation and excellence in the real estate sector.

The factory will be equipped with the latest technologies, making it the main base for Binghatti’s dedicated in-house team of designers, architects and manufacturing experts.

It is expected that the front design structures will be made in the factory, and will include elements of the special crowns on which Binghatti’s latest mega projects are famous, such as Binghatti Jacob & Co. Tower Residences and Mercedes-Benz Places.

This acquisition reflects Binghatti’s strategy which is consistent with their integrated business, which aims to maintain full control over all aspects of real estate development from concept to project completion. The construction of the new factory ensures harmony with the in-house manufacturing facilities of Binghatti Carpentry, Aluminum and Glass, and is carried out under the supervision of the dedicated team of interior designers and architects.

This acquisition strengthens Binghatti’s role in achieving its vision based on a clear focus on quality and development.

Mohammed Bin Ghatti, CEO of Binghatti Holding, said: Our construction of the manufacturing facility and its development confirms the company’s strong commitment to quality, as well as our ongoing commitment to continue to improve the highest standards of craftsmanship and the highest standards and excellence, overseeing all building and construction procedures in our projects from start to finish.

Binghatti received this investment through its own cash flows, reflecting the company’s strong financial position. The strategic investment strengthens the company’s position as one of the most prominent companies in the sector, and confirms its commitment without compromising quality and development.

As a result of this progress, Binghatti Company plans to continue to present innovative architectural masterpieces that will redefine the skyline of Dubai and other cities.