Khalifa bin Zajed al Nahjan foundation (KBZF) who’s pioneering initiatives is for welfare and its strategies are focused on health and education on domestic, regional and global scales. It is now focusing to invest 9 million euro ($10million) in setting up textile plant in Serbia’s municipality of Raska, for which cornerstone has been laid, the government said on Thursday.

The factory 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.

The textile plant will provide employment to 400 workers, the cabinet said in a statement on its website.

The Khalifa bin Zajed al Nahjan foundation was established in 2007 at the command of Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates (UAE).