Cupid to launch first overseas manufacturing unit in KSA

Indian FMCG and personal wellness company Cupid will increase its GCC production foothold by building its first overseas manufacturing plant in Saudi Arabia, Business Standard reports. The new facility will produce Cupid’s FMCG and personal wellness products for distribution in Saudi Arabia and neighbouring GCC markets. No investment figure or commissioning timeline was disclosed.

NBCC makes a Dubai real estate foray

State-owned real estate and project management firm NBCC India has made its first overseas real estate investment with the purchase of an INR 340 mn (USD 4.1 mn) plot of land in Dubai Mainland, according to a regulatory filing. The transaction was executed through NBCC Overseas Real Estate LLC, the company’s wholly owned subsidiary for international projects. The 14.7k sq ft parcel will be developed into a mixed-use project, marking the firm’s entry into the Dubai property market alongside its existing project management consultancy, EPC and real estate work in India.

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