Leading multifaceted investment firm Shorooq, known for its strategic commitments in the MENA region, is spearheading a $12.5 million financing through its Credit Practice in The Box, a self-storage company based in Dubai that tackles contemporary storage and logistical issues that both individuals and businesses face. The Box has the potential to revolutionize the self-storage industry in the United Arab Emirates and improve the convenience of urban living by expanding and creating new flagship storage facilities.
Flexible storage solutions are becoming more and more in demand as consumers look for flexible, stress-free ways to manage their personal and professional belongings, especially in light of the growing expat population. The Box is the undisputed market leader in the United Arab Emirates, controlling a sizeable share of the market for self-storage space that can be used for a variety of personal and professional purposes. With units that range in size from tiny 25-square-foot lockers to 1,000-square-foot rooms and everything in between, The Box guarantees adaptable storage options for a range of requirements.
For The Box, accelerating growth is still a top priority. The company will further strengthen its already dominant position in the market by using the recently raised funds to build a brand-new self-storage facility in the center of Dubai. As urbanization picks up speed and the self-storage sector adapts to the push for smart city infrastructure, The Box’s function becomes even more crucial.
By reinventing space management, the collaboration with Shorooq supports The Box’s mission to empower people and create space for the future. Founder and CEO of The Box enthusiastically acknowledged the importance of the partnership. “With Shorooq’s strategic support, we are excited to expand our reach and deliver an exceptional storage experience. We look forward to elevating the standards of the self-storage industry in the region to meet the demands of modern urban living.”
The Box’s consumer-focused business model and compatibility with urban growth trends are sources of great potential for Shorooq, which is renowned for its strategic foresight in investing across fintech, platforms, and deep tech.
“The Box signals our commitment to backing transformative industries within the MENA region,” explained Joe Barron, Senior Investment Professional within the Credit Practice at Shorooq. “The Box’s approach matches our ethos of enhancing life through intelligent, responsive solutions, and we are excited to propel them into their next phase of growth with the construction of a new flagship facility in the heart of Dubai.”
By utilizing Shorooq’s strategic insights, both organizations will be able to support creative solutions that meet the demands of today’s fast-paced lifestyle and further establish The Box as a leader in self-storage. The region’s expected introduction of modern, sustainable facilities should satisfy the growing need for dependable storage options.
In order to ensure that every “green door” reveals more than just storage—rather, it reveals a narrative that signifies new possibilities and a new era in self-storage innovation—The Box plans to construct sturdy, technologically advanced spaces that provide seamless access and security.
