Page 83 - SOBHA REALTY PR REPORT - JUNE 2024

6/11/24, 10:31 AM Sobha Modular Industries' new manufacturing facility opened by Ras Al Khaimah Ruler - Construction Week India
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.”
With Ras Al Khaimah’s favorable manufacturing ecosystem, characterised by its strategic proximity to
essential raw materials and an attractive cost-value investment ratio, Sobha Group is well-positioned to
operate its new business with efficiency and success.

Sobha Realty managing director Francis Alfred said, “With heartfelt gratitude to His Highness Sheikh Saud
bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, for his support, we proudly inaugurate Sobha Modular
Industries, a significant step towards innovation and excellence in construction. With state-of-the-art
facilities and a commitment to sustainability, Sobha Modular aims to revolutionise the construction sector.
Our partnership with RAKEZ has been vital, and we appreciate their unwavering support. This step further
reinforces our market presence and reaffirms our commitment to the highest quality and customer
satisfaction. We aim to set new benchmarks for excellence in the manufacturing industry. ”

Sobha Modular Industries has exciting expansion plans in Ras Al Khaimah not just to boost production
capacities, but also support Sobha Group’s strategy for backward integration.

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