To expand its business in Dubai, GKE invested 120 million yuan to establish logistics facilities | Lianhe Zaobao
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GKE Corporation announced an investment of 120 million yuan to establish a logistics facility in Dubai to expand its local business. The company signed a lease with DP World to rent facilities in the Jebel Ali Free Trade Zone for a period of 20 years. The total expected cost is 120 million yuan, including rent, equipment, and construction expenses. The group plans to use internal resources and external funding to cover the related costs, with operations expected to begin in 2024. GKE Corporation's stock price rose by 1.04%, closing at 9.7 cents
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