FUJAIRAH NATIONAL CONSTRUCTION COMPANY LLC
In 2015, FEB leased a labor accommodation building from Fujairah National Construction Company LLC built on a plot located in Dubai Investment Park II (DIP), under a Shari’a compliant structure. The asset was then sub leased back to Fujairah National Construction Company LLC, a well-established UAE construction company with an extensive track record in the UAE, for a period of 7 years with attractive returns. The plot is 94,787 ft2 with a built up area of 163,037 ft2, located in a city within a city with unique, self-contained mixed-use industrial, commercial and residential complex operated by Dubai Investments Park Development Company LLC. The investment in UAE’s industrial real estate sector is an opportunity to diversify FEB’s investments.