The Mattex International Group, headquartered in Jeddah, has entered into a significant lease agreement with Dubai Techno Park, securing 1,000,000 sq ft of land for a total investment of Dh400 million. The initial phase of this ambitious project will see an immediate investment of Dh250 million for the establishment of two new businesses on the newly acquired land.
The agreement was formalized by Abdullah Al Qurashi, Chief Executive Officer of Technopark, and Ahmed Al Rajhi, representing the Mattex International Group. The Mattex International Group is predominantly owned by the well-known Saudi families, Al Rajhi and Al Sorayai.
Mattex Fabrics, a leading entity within the Mattex International Group, is renowned globally for its production and supply of base fabrics used in indoor and outdoor carpets. Since its inception in 1995, Mattex Fabrics has experienced substantial growth, driven by its innovative product range. The company boasts a diverse customer base that spans across all continents.
According to Marc Verleyen of Belgium, Managing Director of Mattex Fabrics, the company plans to produce and market over 250 million sq. meters of carpet backing materials for the years 2005 and 2006. Verleyen emphasized that their fabrics are manufactured using the latest machine technology, ensuring top-tier quality.
This expansion into Dubai Techno Park marks a significant milestone for Mattex International Group, reflecting its ongoing commitment to innovation and global market leadership in the textile industry.
