Emirates Stallions Group (ESG), a subsidiary of International Holding Company (IHC), announced today the acquisition of a majority stake in United International Group (UIG), a prominent provider of skilled labour and comprehensive manpower solutions in the UAE.
ESG’s new subsidiary, “Centuray Human Resource and Logistics,” facilitated this acquisition. With this move, ESG aims to bolster its manpower portfolio, positioning itself among the prominent manpower solutions companies.
The strategic plan entails deploying more than 30,000 skilled professionals across various sectors by the end of 2024.
“By this acquisition, Emirates Stallions Group is poised to seize a prominent role in the swiftly expanding manpower market in the region,” said Kayed Khorma, CEO of ESG. “The manpower market has witnessed positive growth over the past three years.”
“We are keen on capitalising on this trend and exploring opportunities to expand our manpower services in some GCC countries,” he added.
