Stallions Group, known officially as ESG (Emirates Stallions Group), a subsidiary of International Holding Company, has announced the signing of a 16-year usufruct agreement, renewable thereafter, for 13,000 square meters of industrial facilities in Saudi Arabia.

This expansion reflects the company's strategic initiative to enhance its operations in the region, focusing on the provision of workforce solutions, worker housing, as well as construction and real estate development services.

The agreement secures the usage rights to two warehouses under a contract established with the Saudi Authority for Industrial Cities and Technology Zones (MODON), a governmental agency that oversees the development and management of industrial cities in Saudi Arabia.

This move is positioned within the context of Saudi Arabia's broader economic diversification efforts under its Vision 2030 initiative, which aims to reduce the kingdom's reliance on oil revenues by expanding its industrial sector and fostering foreign investment.

Stallions Group's expansion into the Saudi market aligns with the growing demand for infrastructure and industrial development as the country seeks to ramp up its economic activity.

The group aims to leverage this new facility to not only enhance its existing service offerings but also explore new opportunities within the dynamic Saudi economic landscape.