Business Update14 Oct 2026, 08:40 pm
GNG Electronics Subsidiary Leases UAE Facility for 25 Years
AI Summary
GNG Electronics announced that its subsidiary, Electronics Bazaar FZC, has entered into a 25-year lease agreement with the Sharjah Airport International Free Zone (SAIF Zone) in the UAE. The lease, effective from September 24, 2026, is for a 2238.77 sq. mtrs. refurbishment facility. This expansion is intended to meet increasing operational demands and enhance refurbishing capacity in the region. The contract was fully executed on October 14, 2026.
Key Highlights
- Subsidiary secures long-term lease for refurbishment facility in UAE.
- Lease agreement for 25 years, commencing September 24, 2026.
- Expansion aims to meet growing operational needs and capacity.
- Facility located in Sharjah Airport International Free Zone (SAIF Zone).
Price Impact
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