The Camel Soap Factory, which manufactures luxury soap from camel milk, and is based in Dubai Silicon Oasis, announced the completion of its first financing round to support its expansion plans.
And a statement issued yesterday stated that thanks to this additional capital injection, the company is looking forward to entering new major markets in 2022, by adding new products to the existing production lines.
Stevie Lomas, CEO of the Camel Soap Factory, said: “The factory was launched as a start-up in 2011, and then we moved to Dubai Silicon Oasis in 2019, in line with our ambitions to take our company’s business to better levels. With the advanced infrastructure in the Oasis, we have succeeded in entering new markets outside the UAE, in addition to launching new products as a licensed company in (Expo 2020 Dubai).”
And she continued, “We have entered a new phase after completing the first ever financing round, which will allow us to expand our business locally and internationally.”
In turn, William Chapel, Executive Financial Director at Dubai Silicon Oasis and Executive Vice President – Technology and Entrepreneurship at Dtec, said, “(Dubai Silicon) provides an ideal environment for doing business and innovation, and seeks to empower aspiring entrepreneurs by providing them with the appropriate tools. to achieve the goals of their startups.
In the same context, Nagarajan, Group CEO of Abu Dhabi Marine International Merchant, said: “The camel soap factory was able to attract citizens, residents and visitors with its products, to benefit from the healing properties of camel milk. We expect the company to achieve significant growth in this field.”
It is noteworthy that the factory’s products are available in 100 sales points in the UAE, in addition to eight international markets: Germany, Japan, Sweden, China, Taiwan, Thailand, Saudi Arabia, and Oman.
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