Dubai developer Binghatti has announced the acquisition of a state-of-the-art steel manufacturing facility in Dubai, Invest-Gate reports.
This significant milestone reflects Binghatti’s commitment to innovation and excellence in the real estate industry.
The newly acquired steel factory will be equipped with cutting-edge technology and will serve as the primary hub for Binghatti’s proficient in-house team of designers, architects, and manufacturing experts. Their goal is to transform groundbreaking architectural designs into top-tier hyper-towers.
The facility will manufacture design structures, including the iconic crowns featured atop Binghatti’s latest mega projects, such as Burj Binghatti Jacob&Co Residences and Mercedes Benz Places | Binghatti.
Binghatti’s strategic acquisition aligns with its highly lean and streamlined supply chain and development process. Through its vertically integrated business model, Binghatti ensures maximum efficiency and control over every aspect of property development, from concept to completion.
The newly acquired factory will work in tandem with Binghatti’s existing in-house manufacturing facilities for joinery, aluminum and glass, guided by a dedicated team of in-house engineers, interior designers, and architects. This acquisition further supports Binghatti’s vision of prioritizing quality and lean development.
According to Binghatti CEO Muhammad BinGhatti, “The acquisition and development of this manufacturing facility further cements Binghatti’s unwavering commitment to quality. We are determined to maintain uncompromising focus on craftsmanship and ensure the highest standards of durability and excellence by overseeing the entire process from inception to completion in our projects.”
Binghatti funded this investment through its self-sustained cash flow, highlighting the company’s solid financial position. This strategic investment strengthens the developer’s position as a key player in the industry and reaffirms their dedication to uncompromised quality and continuous improvement.
