Dubai-based developer Binghatti has purchased a cutting-edge steel manufacturing facility in Dubai.
In a statement, the company highlighted that the acquisition of the steel factory signifies a significant milestone in Binghatti’s dedication to innovation and excellence within the real estate sector.
This facility will serve as the main centre for Binghatti’s in-house team of designers, architects, and manufacturing specialists, who will translate architectural designs into high-quality hyper-towers. Notably, design elements such as the iconic crowns featured on Binghatti’s recent mega projects, including Burj Binghatti Jacob&Co Residences and Mercedes Benz Places | Binghatti, are expected to be fabricated at this location.
Binghatti’s strategic acquisition aligns with its supply chain and development processes. The newly acquired factory will work alongside Binghatti’s in-house manufacturing facilities for joinery, aluminium, and glass.
Commenting on the acquisition, Binghatti CEO Muhammad BinGhatti emphasized the company’s commitment to quality. He stressed the importance of maintaining an unwavering focus on craftsmanship and ensuring the highest standards of durability and excellence throughout the project lifecycle.
Binghatti financed this investment through its self-sustaining cash flow, underscoring the company’s robust financial standing. This strategic investment further solidifies Binghatti’s position as a prominent player in the real estate industry.
