Page 93 - SOBHA REALTY PR REPORT - JUNE 2024

6/10/24, 2:37 PM Ras Al Khaimah Ruler inaugurates Sobha Modular Industries’ new manufacturing facility in the Emirate
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.

For more information, please contact:

Cleo Eleazar, Public Relations & Events Manager, RAKEZ
Phone: +971 7 2077173; Email: c.eleazar@rakez.com

About Ras Al Khaimah Economic Zone (RAKEZ):

RAKEZ is a powerhouse business and industrial hub established by the Government of
Ras Al Khaimah in the United Arab Emirates. It currently hosts over 23,000 companies

coming from over 100+ countries and operating in more than 50 industries.

RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of
solutions, including free zone and non-free zone licences, customisable facilities, and first-

class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones

that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones
for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones

for manufacturers and industrialists; and an Academic Zone for educational providers.

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