ABU DHABI, UAE – Emirates Stallions Group (ESG) on Friday announced – through its subsidiary Centuray Human Resource and Logistics – the acquisition of a majority stake in United International Group (UIG), a provider of qualified labor and comprehensive manpower solutions in the country.
ESG is a global investment, engineering and construction services business and a subsidiary of International Holding Company (IHC).
The acquisition is anticipated to enhance ESG’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, said, “By this acquisition, Emirates Stallions Group is poised to seize a prominent role in the swiftly expanding manpower market in the region.”
He said, “The manpower market has witnessed positive growth over the past three years. We are keen on capitalizing on this trend and exploring opportunities to expand our manpower services in some GCC countries.”