ABU DHABI, 22nd December, 2023 (WAM) -- Emirates Stallions Group (ESG) today announced - through its subsidiary the new arm launched in ESG in HR and Logistics “Centuray Human Resource and Logistics” - the acquisition of a majority stake in United International Group (UIG), the leading provider of qualified labour and comprehensive manpower solutions in the UAE.
ESG is a global investment, engineering and construction services business and a subsidiary of International Holding Company (IHC).
The acquisition is anticipated to enhance the Group’s manpower portfolio, positioning Emirates Stallions Group as one of the leading manpower solutions companies. The strategic plan aims to deploy over 30,000 skilled professionals by the end of 2024, serving various sectors.
Kayed Khorma, CEO of ESG, commented, “By this acquisition, Emirates Stallions Group is poised to seize a prominent role in the swiftly expanding manpower market in the region. The manpower market has witnessed positive growth over the past three years. We are keen on capitalising on this trend and exploring opportunities to expand our manpower services in some GCC countries.”