Dubai: AJ Al Asmawi Group, one of the UAE's largest independent family-owned conglomerates, has signed a musataha agreement with Dubai Industrial City, part of TECOM Group PJSC, to expand its operations within the district and introduce one of the UAE's first oil rigs manufacturing and refurbishment facilities.
According to Emirates News Agency, the agreement was signed during the fifth edition of the Make it in the Emirates 2026 event. AJ Al Asmawi Group announced a significant new investment to scale its advanced manufacturing capabilities in the region's premier manufacturing and logistics hub, investing an additional AED 45 million in a new facility, thus bringing its total investment at Dubai Industrial City to approximately AED 500 million.
Spanning more than 330,000 sq.ft. of new development, the expansion will increase AJ Al Asmawi Group's total footprint at Dubai Industrial City to approximately 4.7 million sq.ft., reinforcing its position as a major industrial player in the region. The construction of the new facility is expected to be completed by the end of 2027.
Currently employing approximately 1,400 people within Dubai Industrial City, AJ Al Asmawi Group anticipates creating around 200 additional jobs as part of the expansion, further contributing to the UAE's industrial workforce. Saud Abu Alshawareb, Executive Vice President - Industrial at TECOM Group, on behalf of Dubai Industrial City, expressed pride in AJ Al Asmawi Group's continued expansion within their ecosystem, highlighting the integrated infrastructure, strategic location, and sector-focused environment that enable efficient scaling and capability strengthening.
The expansion will allow AJ Al Asmawi Group to introduce advanced capabilities for oil rigs manufacturing and refurbishment facility in the UAE, addressing market needs, shortening lead times, and supporting national industrial priorities under initiatives such as 'Make it in the Emirates'. Abduljalil Mahdi Mohd Al Asmawi, Chairman of AJ Al Asmawi Group, emphasized the group's commitment to launching adaptable businesses that meet evolving future sector needs and contribute to the UAE's economic growth.
Established in 2004, Dubai Industrial City is strategically positioned to lead the future of regional manufacturing and logistics sectors. With its proximity to Jebel Ali Port, Al Maktoum International Airport, and an Etihad Rail freight terminal, the district is a crucial link in the global supply chain, facilitating connections between businesses and regional and international markets.