Sigachi MENA FZCO, a wholly owned subsidiary of the Sigachi Industries Limited, incorporated in Dubai, and iConsult Trading Consultancy LLC, a wholly owned subsidiary of iMass Investments, UAE, have announced the formation of a Joint Venture (JV), "Sigachi Global", to enter the growing UAE food and pharma market. Sigachi Global will create separate entities to manage Sigachi's core verticals viz. Pharma (excipients and APIs), Food and Nutrition, and Operations and Management (O&M) as required.

Sigachi MENA FZCO will hold 75% stake and iConsult shall hold 25% in the JV. Sigachi Global is estimated to have revenues of USD 54 Million by 2029. The joint venture will capitalize on the complementary capabilities of both companies, combining iMass/iConsult's market knowledge and Sigachi's cutting-edge technology to deliver superior products and services to customers in the GCC.