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FINANCIAL NEWS
UAE’s Intercoil invests USD8m in expansion projects
26 May 2014
(MENAFN) Intercoil International, the UAE-based manufacturer, retailer and distributor of furniture, has invested USD8.166 million in an expansion project of two manufacturing facilities, according to the Emirates 24/7.
Hassan Al Hazeem, Managing Director of Intercoil, said the company plans to expand its existence in CIS countries, South-East-West Africa, Central Asia and Eastern Europe.
The company has signed a licensing agreement with Kenyan Bobmil Group of Companies to achieve its goal in expanding beyond Middle East and allow Bobmil manufacture and sell Intercoil�s bedding products in Kenya.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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