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The Ras Al Khaimah Investment Authority (Rakia) is pulling out all the stops to establish Al Ghail as one of the most prominent industrial clusters in the region.
An investment of Dh1 billion is planned until 2020 to promote and develop the hub. Al Ghail is one of the two industrial parks established by Rakia which enjoys free zone status. The other one is Al Hamra.
Al Ghail occupies around 23 million square metres of land. Recent figures released by Rakia authorities suggest that 30 per cent of the total area in Al Ghail is currently occupied.
Al Ghail, which was established in 2008, is expected to see increased investment in various sectors in the next few years. One of the big ticket investments in recent times includes the 80,000-square-metre production facility by a UAE-based recycling company.
Last year, a major building solutions company from India closed out a land deal of 70,000 square metres in the industrial cluster. The company proposes to manufacture cement boards which are used prefabricated housing, facades, flooring, wet area lining and ceilings. The production is expected to commence in a year’s time.
One of the first tenants in Al Ghail is Ashok Leyland, a global automobile major which continues to manufacture trucks from its facility here.
Manufacturing constitutes 25 per cent of the RAK GDP. And riding on the growing status of RAK as a manufacturing hub, around 500 of the 7,000 companies registered in Rakia are involved in it. Some of the sectors that have gained prominence here include food processing, plastics, chemicals, building materials, metals, glass and automotive. Many small and medium enterprises (SMEs) have also set up their bases here.
• Around 36 per cent of total land available in Al Ghail is leased
• Al Ghail, Al Hamra are two free zone clusters operated by Rakia
• Rakia sectors include food processing, plastics, metals, others
Source: S. Dhar, Special to Properties
The writer is a freelancer