KBZF to put up a textile plant in Serbia

The Khalifa bin Zajed al Nahjan foundation (KBZF), located in the United Arab Emirates (UAE), has decided to invest EUR 9 million into setting up a textile plant in Raska municipality in Serbia. The mission of the Arabic foundation is to focus on the health and education within the emirates as well as abroad. With the forthcoming investment in Raska, Serbia, KBZF is broadening its scope and the number of its beneficent partners.

The project for the building new textile factory will occupy an area of 11,500 square meters. It will house storage capacities, an administrative area and a production plant sprawling over some 6200 square meters.

The new textile plant is expected to provide employment to 400 workers, according to the estimate of the Serbian government.