HMBS Group, one of Iraq's largest business conglomerates, intends to establish a modern confectionery plant in Jebel Ali as a part of Dh300 million investment drive in Dubai.
The Baghdad-headquartered group, which boasts interests in a wide spectrum of activities ranging from real estate to food stuff manufacturing, is also planning to go into the booming property sector.
HMBS (H. Mahmood J. Al-Bunnia & Sons Co), a family-run group with a business tradition spanning 100 years, has a regional office in Dubai to look after its business interests in the emirate. The Dh300 million investment will be made within the next two to three years, said Faisal Aziz Lilo, regional general manager, Dubai of HMBS.
