Page 89 - SOBHA REALTY PR REPORT - JUNE 2024

6/10/24, 2:36 PM Ras Al Khaimah Ruler inaugurates Sobha Modular Industries’ new manufacturing facility in the Emirate - Home Page
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robotics in its 250,000 m facility. The new manufacturing unit boasts a production
capacity of 50 pods per day, with plans to double this output by year-end. It also
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produces 1,800 m of aluminium products daily, with major upgrades on the horizon.
Moreover, this set-up is expected to create over 3,000 jobs in the region, contributing to
local employment opportunities.

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.”

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.

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