Shorooq led the way in getting $12.5 million in loan financing for The Box, a self-storage company based in the UAE. The Box is a company that was started by Wadih Haddad in 2007 and offers moving, personal storage, and record management services. With this new money, The Box can grow and build new flagship storage sites.

Shorooq is a well-known multifaceted investment company that is known for its strategic initiatives in the MENA region. Its Credit Practice is in charge of this $12.5 million loan. The Box solves the modern problems that people and companies have with storage and logistics. With this money, The Box wants to change the way self-storage works in the UAE and make city life easier.

More and more people are moving abroad, which is driving up the need for flexible storage options. More and more, people are looking for flexible ways to keep track of their personal and work belongings. The Box is the market leader in the UAE. They run a large part of the self-storage space and have units ranging in size from 25 square feet to 1,000 square feet to meet the needs of a wide range of customers.

With the new money that was raised, a new self-storage facility can be built in Dubai. This will further solidify The Box’s place as the market leader. As more people move into cities, the self-storage business is changing to meet the needs of smart city infrastructure. This makes The Box’s role even more important.

The Box wants to change the way people handle their space, and the partnership with Shorooq fits with that goal. The founder and CEO of The Box was excited about the partnership and said that with Shorooq’s help, they hope to grow their business and raise the standards of self-storage in the area.

Shorooq sees promise in The Box’s model, which is focused on the customer and fits with the way cities are growing. Senior Investment Professional at Shorooq, Joe Barron, said that The Box’s method fits with their goal of making life better through smart solutions. He was thrilled about the chance to help The Box build a new flagship location in Dubai.

The Box and Shorooq are both ready to lead the way in new, useful answers for today’s busy lives. The region’s growing need for reliable storage options will be met by the soon-to-be-built environmentally friendly and cutting-edge facilities. In the future, The Box wants to make spaces that are easier to reach and safer by using technology. This will turn each storage unit into a space that represents new possibilities for self-storage innovation.