Page 104 - SOBHA REALTY PR REPORT - JUNE 2024

6/10/24, 2:40 PM Sobha Modular Industries Unveils New Facility in Ras Al Khaimah, Inaugurated by the Emirate Ruler - Travel And Tour World
this figure to 100 by the end of the year. It also outputs 1,800 square meters of
aluminium products daily, with significant upgrades planned for the near future.
Additionally, the facility is expected to generate over 3,000 jobs, significantly
boosting local employment.

Sobha Group Founder and Chairman PNC Menon said, “We are delighted to
announce the inauguration of Sobha Modular Industries, our latest venture
poised to revolutionise the regional manufacturing sector in UAE. The grand
inaugural ceremony of Sobha Modular Industries was graced by the esteemed

presence of His Highness Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al
Khaimah, which reflects the project’s vital role in bolstering the region’s
economic and industrial capabilities. Moreover, it serves as a stellar

exemplification of Sobha Group’s unwavering commitment to innovation, quality,
and sustainability.”

Sobha Group Co-Chairman Ravi Menon said, “We are elated to announce

the launch of Sobha Modular Industries, a world-class facility offering advanced
production capabilities to positively transform the regional manufacturing
landscape. We extend our heartfelt gratitude to His Highness Sheikh Saud bin
Saqr Al Qasimi, the Ruler of Ras Al Khaimah, for sharing his noble vision for the

future and being a part of the inaugural ceremony. The innovative venture aims
to facilitate ubiquitous development of local industries while augmenting the
manufacturing landscape.”

RAKEZ Group CEO Ramy Jallad said, “We are thrilled to welcome Sobha
Modular Industries to Ras Al Khaimah. This new facility is not just an expansion
of our industrial capacity; it embodies our strategic vision to attract and nurture

top-tier global enterprises within our emirate, where manufacturing makes up
one-third of the overall GDP. The company’s state-of-the-art manufacturing
capabilities and commitment to sustainability exemplify the innovation we aim to
foster. Furthermore, it underscores Ras Al Khaimah’s role as a prime

destination for innovative and sustainable industrial development. We are
committed to supporting their growth and are confident that their success will
inspire further industrial innovation in the region.”

Located in Ras Al Khaimah, known for its advantageous manufacturing
environment due to strategic access to essential raw materials and favorable
investment costs, Sobha Group is poised for efficient and successful

operations.

Sobha Realty Managing Director Francis Alfred said, “With heartfelt
gratitude to His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al

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