Bondada Engineering Incorporates Wholly Owned Subsidiary in UAE

Bondada Engineering Limited has incorporated Bondada International FZ-LLC in the Ras Al Khaimah Economic Zone (RAKEZ), United Arab Emirates, as its wholly owned subsidiary. This move is part of the company's international expansion strategy, aiming to establish an overseas holding structure for its global business operations. The new entity will serve as a platform for pursuing international business opportunities, strengthening the group's global presence, and facilitating growth in sectors like renewable energy, Battery Energy Storage Systems (BESS), telecom, and power infrastructure. The incorporation involved a cash consideration of AED 20,000 for 20 equity shares, representing 100% ownership.