Ras Al Khaimah Ruler Attends AG Metal Industries Factory Opening

Ras Al Khaimah Ruler Attends AG Metal Industries Factory Opening

April 25, 2024 : On April 23rd, 2024, His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, presided over the AG Metal Industries factory’s official opening ceremony within the Al Hamra Industrial Zone. This state-of-the-art facility is affiliated with the Al Ghurair Investment Group and represents a significant collaboration with the leading Japanese company, Mitsubishi Chemical Infratec.

The ceremony highlighted Ras Al Khaimah’s strategic efforts to position itself as a leading hub for advanced industrial development within the United Arab Emirates (UAE). During his address, Sheikh Saud emphasized the emirate’s commitment to fostering a robust and diversified economy. He underscored the importance of attracting local and international investments into the industrial sector while adhering to the highest international standards.

The AG Metal Industries factory signifies a crucial addition to the emirate’s industrial landscape. The facility leverages cutting-edge technology to produce high-quality metal products. This focus on innovation aligns with Ras Al Khaimah’s vision of becoming a center for technologically advanced industries.

The ceremony also served as an opportunity to showcase the strategic advantages of the Al Hamra Industrial Zone. This modern industrial complex provides investors world-class infrastructure, including access to reliable power, water, and gas supplies. The zone’s proximity to major transportation routes and ports also facilitates efficient logistics operations.

The collaboration between AG Metal Industries, Al Ghurair Investment Group, and Mitsubishi Chemical Infratec exemplifies the emirate’s commitment to fostering international partnerships. Such collaborations are vital in attracting foreign investment and technology transfer, further propelling Ras Al Khaimah’s industrial development.

The inauguration of the AG Metal Industries factory is expected to generate positive economic effects for Ras Al Khaimah. The creation of new job opportunities and the potential for increased export activity are anticipated to contribute to the emirate’s continued economic growth and diversification.

In conclusion, the official opening of the AG Metal Industries factory signifies a significant milestone in Ras Al Khaimah’s industrial development strategy. This new facility, coupled with the emirate’s strategic investments in infrastructure and its focus on attracting international partnerships, positions Ras Al Khaimah for a promising future as a leading industrial hub within the UAE.