Dubai – Sharikat Mubasher: Dubai-based self-storage provider, The Box, announced raising $12.5 million in debt financing from investment firm Shorooq.

According to a statement issued on Thursday, the new capital will support the construction of a new self-storage facility in Dubai, bringing The Box's total debt funding to $31.5 million through various credit facilities since 2014.

The Box caters to the strong demand for flexible storage solutions driven by the UAE's expat population, offering self-storage spaces, removal services, and storage supplies for individuals and businesses alike.

Established in 2006 by Wadih Haddad, the company operates 30 facilities, including a flagship 140,000-square-foot location, offering storage units ranging from 25-square-foot lockers to 1,000-square-foot rooms. It serves over 2,000 clients across the quick commerce, event management, and logistics sectors.

Haddad stated that Shorooqʼs strategic support will help expand the company’s reach. He said: “We look forward to elevating the standards of the self-storage industry in the region to meet the demands of modern urban living."