Eco Buildings Group plc provided an update on the ongoing works currently being undertaken in Albania ahead of first production and sales of its modular housing product. The purpose-built 3,000m² factory building, located near the new commercial port of Durres in Albania has been completed. All the plant and equipment required for production, which was previously operated in Dubai, has now been shipped and hauled to the new factory site.

The team that operated the factory in Dubai and decommissioned the plant and equipment there has now relocated to Albania and is leading the local workforce in the reassembly and commissioning in Durres. Progress is continuing apace. Eco expects the factory to be operational and fully commissioned in third quarter of 2023.

This will enable the Company to commence production and sales under two existing supply and manufacture contracts with a value of €114 million.