The Dh102 million ($28 million) investment was inaugurated on Saturday by Shaikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah. The plant has an annual production capacity of 44,000 tonnes, which is equivalent to 600 million lightweight pharmaceutical bottles. RAK Ghani Glass LLC is a joint venture between Ghani Group from Pakistan, Ras Al Khaimah Investment Authority (RAKIA), JS Group and Saudi-based Swicorp.
Speaking at the international customers convention of RAK Ghani Glass held as part of the factory inauguration, Sheikh Saud said, “The Government of Ras Al Khaimah has taken care to provide businesses with the right conditions for growth and investment including implementation of key economic reforms and augmentation of infrastructure which has helped the Emirate to attract investments from across the world. The government’s effort to encourage the development of the manufacturing sector has resulted in industry becoming a major contributor to RAK GDP.”
Imtiaz Ahmad Khan, Chief Executive Officer of Ghani Group said, “The RAK Ghani Glass plant is the most technologically advanced facility of its kind in the region and is positioned to develop as one of the leading pharmaceutical glass packaging manufacturers globally. The company would deliver European- quality light weight pharmaceutical glass containers and intends to leverage the superb infrastructure, modern transportation network and seamless connectivity available in RAK.”
He added that RAK Ghani Glass plant is the only glass plant in the MENA region with a Class 100,000 Clean Room facility which would enable it to meet the stringent quality standards of major pharma companies across the world.
Dr Khater Massaad, CEO of RAKIA, said that the addition of RAK Ghani Glass to the growing list of industrial ventures in the emirate is yet another acknowledgement of the competitive strengths Ras Al Khaimah has as a preferred manufacturing destination. “RAKIA has managed to attract $3 billion industrial investment to Ras Al Khaimah resulting in the setting up of over 400 industrial establishments and creating more than 70,000 jobs in the process.
RAK Ghani Glass already exports to 60 pharma majors spread across 22 countries. The plant is situated on a 100,000 sq. metre plot in the RAKIA industrial zone with a covered area of 12,000 square metres. —ismail@khaleejtimes.com
The latest branch is the second branch of the company at Sahara Centre and one of the eight branches opened in the UAE this year, the exchange house said in a statement
local business3 years ago
Events to be staged at the DWTC, comprising diverse sectors including construction, energy, technology, beauty, food, healthcare, environment and automotive, will mark the emirate’s post-pandemic economic recovery
local business3 years ago
Dubai FDI supports expansion by Amazon Web Services with upcoming data centres in the UAE
local business3 years ago
Some banks are now permitting their customers to purchase Bitcoin and other crypto currencies after conducting due diligence tests on payments
local business3 years ago
The percentage of using the digital transformation platform has grown to 96 per cent compared to the first half of last year, when the percentage of use did not exceed 76 per cent
local business3 years ago