{"id":40546,"date":"2025-02-20T11:27:49","date_gmt":"2025-02-20T08:27:49","guid":{"rendered":"https:\/\/entarabi.com\/?p=40546"},"modified":"2025-02-20T12:15:17","modified_gmt":"2025-02-20T09:15:17","slug":"the-box-secures-12-5-million","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/02\/the-box-secures-12-5-million\/","title":{"rendered":"The Box Secures $12.5 Million Funding Led by Shorooq"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\" data-pm-slice=\"1 1 []\">The Box, a self-storage solutions provider, has secured $12.5 million in funding led by Shorooq .<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-pm-slice=\"1 1 []\">The company will use the funds to expand its services and build a new storage facility in the heart of Dubai.<\/li>\n<\/ul>\n<p dir=\"ltr\">Dubai-based The Box, a self-storage services provider, announced it has raised $12.5 million in funding, with Shorooq\u00a0 leading the round. The investment aims to expand the company\u2019s storage offerings and develop new facilities across the UAE.<\/p>\n<p dir=\"ltr\">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.<\/p>\n<p dir=\"ltr\">The fresh funding will be used to build a state-of-the-art self-storage facility in central Dubai, further strengthening the company\u2019s market position.<\/p>\n<p dir=\"ltr\"><strong>The CEO and Founder of The Box stated:<\/strong><\/p>\n<blockquote>\n<p dir=\"ltr\">\u201cWe are excited to partner with Shorooq. This partnership will enable us to expand our services and better serve our customers.\u201d<\/p>\n<\/blockquote>\n<p dir=\"ltr\"><strong>Joe Baron, Chief Credit Officer at Shorooq, commented:<\/strong><\/p>\n<blockquote>\n<p dir=\"ltr\">\u201cOur investment in The Box reaffirms our commitment to supporting the industrial sector in the region.\u201d<\/p>\n<\/blockquote>\n<p dir=\"ltr\">This funding is expected to drive The Box\u2019s growth and help meet the rising demand for modern storage solutions in the UAE.<\/p>\n<p dir=\"ltr\">Shorooq\u00a0 emphasized its commitment to supporting the industrial sector in the region through this investment.<\/p>\n<p dir=\"ltr\">\n","protected":false},"excerpt":{"rendered":"<p>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\u00a0 leading [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":40545,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[7277,6640],"class_list":["post-40546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-box-secures","tag-shorooq"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/40546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=40546"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/40546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/40545"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=40546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=40546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=40546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}