Page 81 - SOBHA REALTY PR REPORT - JUNE 2024

6/11/24, 10:30 AM Sobha Modular Industries Opens Manufacturing Facility In Ras Al Khaimah - MEP Middle East

PNC Menon, Founder and Chairman of Sobha Group, 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.”

Ramy Jallad, Group CEO of RAKEZ, 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.”

https://www.mepmiddleeast.com/news/sobha-modular-industries-opens-manufacturing-facility-in-ras-al-khaimah 2/2