- Groundbreaking ceremony held in Umm Al Quwain, UAE for Phase I of ALIF Holding Group Industrial Park
- Phase I designed gross floor area ~8,845 sqm, involving refurbishment of existing factory premises
- Site intended to be held by majority-owned subsidiary of ALIF Holding; registration and transfer subject to regulatory approval
- Alif Maritec expected as first tenant, focused on marine oil spill response, land border security, AI-enabled defense
- Industrial Park planned in three phases: Phase I refurbishment, Phase II new construction, Phase III reserve space
- Target of at least three project companies operating in Industrial Park by end-2026, subject to conditions
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