Al Bayader International, a manufacturer of packaging and cleaning solutions for diverse uses in the UAE, has secured a medium-term financing for setting up the region’s largest food packaging industrial complex in Sharjah’s Al Sajaa Industrial City.

Spanning a 450,000-sq-ft area – the size of nearly six football fields – the Al Bayader International Industrial Complex will manufacture over 70 per cent of its total product range of more than 1,200 food packaging and cleaning products.

The facility will include a dedicated R&D facility to drive product innovation, a large showroom, offices and 500-strong staff accommodation.  Al Bayader said work on the new project will kick off soon and once completed in 2023, the facility will quadruple its total production capacity to over 120,000 tonnes.

Located within minutes of the upcoming Etihad Rail, the complex will have seamless logistical connections to serve the nation as well as boost exports.

The project follows the recent expansion of Al Bayader International’s manufacturing facility in Jebel Ali Free Zone, which marked an investment of AED200 million for an expanded portfolio of ‘Made in UAE’ products that not only meets the needs of the nation but also are exported to several European, Asian, South American and African nations.

CEO Nidal Haddad said: “Securing the financing from HSBC for our mega-industrial complex underlines the strong potential of growth we have and our financial fundamentals. We continue to invest in building local manufacturing competencies, highlighting our commitment to the national industrial strategy.”