- The Box, a self-storage solutions provider, has secured $12.5 million in funding led by Shorooq .
- The company will use the funds to expand its services and build a new storage facility in the heart of Dubai.
Dubai-based The Box, a self-storage services provider, announced it has raised $12.5 million in funding, with Shorooq leading the round. The investment aims to expand the company’s storage offerings and develop new facilities across the UAE.
This move comes as demand for flexible storage solutions grows in the UAE, driven by the increasing number of expatriates. The Box is a well-known player in the UAE market, offering storage units ranging from 25 square feet to 1,000 square feet, catering to both individuals and businesses.
The fresh funding will be used to build a state-of-the-art self-storage facility in central Dubai, further strengthening the company’s market position.
The CEO and Founder of The Box stated:
“We are excited to partner with Shorooq. This partnership will enable us to expand our services and better serve our customers.”
Joe Baron, Chief Credit Officer at Shorooq, commented:
“Our investment in The Box reaffirms our commitment to supporting the industrial sector in the region.”
This funding is expected to drive The Box’s growth and help meet the rising demand for modern storage solutions in the UAE.
Shorooq emphasized its commitment to supporting the industrial sector in the region through this investment.
