E7 Group announced plans to invest 182 million dirhams (about US$50 million) in ambitious organic growth plans in its security solutions business, E7 Security.
E7 Group invests in the business sector of security solutions
news agency wam , 11 Jun 2024 - 2:27
E7 Group announced plans to invest 182 million dirhams (about US$50 million) in ambitious organic growth plans in its security solutions business, E7 Security.
According to Amac News: The group said that E7's planned investments will strengthen its passport production capacity and allow it to enter the digital tax stamp sector.
The tax stamp industry is a high-growth area globally, and E7 aims to support governments around the world to curb the illegal trade in taxable goods and raise revenue.
E7 Group will also invest in a fivefold increase in its passport production capacity, with increased capacity planned to come online in 2026, as it continues to secure new contracts and expand its market reach.
The security solutions industry continues to grow strongly globally, with our technical expertise and track record opening doors across geographies.
Story Code: 791