Elite Group Holding, a diversified conglomerate based in the UAE, has entered into a musataha agreement to develop a state-of-the-art, 1 million square foot facility at Dubai Industrial City.
The AED 100 million investment is set to boost growth in the automotive and e-commerce sectors, reaffirming Elite Group Holding’s commitment to innovation and excellence across its varied business interests.
The agreement signing ceremony took place at Dubai Industrial City, with key figures in attendance, including Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group, and Tamer Abu Khalaf, Partner at Elite Group Holding.
Scheduled to be operational by Q2 2026, the new facility will serve as a strategic hub for Elite Group Holding’s operations, catering to both local and international markets. The company’s subsidiaries, including The Elite Cars, a luxury automotive dealership, and ART Elite Car Rental, will benefit from the new space, which is expected to support their continued expansion.
Saud Abu Alshawareb highlighted the significance of the project, stating,
"Elite Group Holding’s investment underscores the UAE’s attractive business ecosystem and will help drive innovation, job creation, and economic growth."
Tamer Abu Khalaf expressed optimism about the future, emphasizing that the facility aligns with Elite Group Holding’s growth strategy, which includes expanding dealership networks, enhancing e-commerce capabilities, and promoting eco-friendly solutions such as electric and hybrid vehicles.
Located near key logistics hubs like Al Maktoum International Airport and Jebel Ali Port, the facility will leverage Dubai Industrial City’s world-class infrastructure to advance sustainability, efficiency, and innovation in the automotive and e-commerce sectors.
News Source: Dubai Media Office
