The Khalifa bin Zajed al Nahjan Foundation (KBZF) plans to set up a $10-million textile plant in Serbia’s municipality of Raska. The factory, for which the cornerstone has been laid, will cover an area of 11,500 sq m. It will house storage capacities, an administrative area and a production plant sprawling over some 6,200 sq m and will provide employment to 400 workers.
KBZF was established in 2007 at the command of Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE. The foundation is focused on health and education on domestic, regional and global scales.