Sheikh Saud Bin Saqr Witnesses Agreement For New Industrial Park By RAKEZ And THi Holding In Ras Al Khaimah
His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has reaffirmed the emirate's dedication to investing in future sectors. He highlighted efforts to create an integrated ecosystem that attracts top companies and creative minds, supporting a knowledge- and technology-driven economic diversification journey. The focus is on providing resources to boost technology firms, enabling them to develop solutions for global challenges.
During a meeting at his palace in Saqr bin Mohammed City, H.H. Sheikh Saud met with representatives from several companies. These included THi Holding Management Corporation, SC Capital Partners, CapitaLand Investment, and the China Innovation Centre in the UAE. The gathering was also attended by Mohammed Abdul Rahman Al Hawi, Undersecretary of the Ministry of Investment, and Ramy Jallad, RAKEZ Group CEO.
The meeting witnessed the signing of an agreement between Ras Al Khaimah Economic Zone (RAKEZ) and THi Holding Management Corporation. This agreement aims to establish a next-generation industrial park in Ras Al Khaimah. The park will attract advanced technology companies globally and support their growth within the region.
Spanning 300,000 square metres in Al Hamra, the industrial park will provide an integrated environment promoting sustainable growth. It aims to enhance Ras Al Khaimah’s competitiveness in the technology sector by offering state-of-the-art facilities for tech companies.
The RAK Ruler stated that this advanced industrial park reflects the emirate's vision for a progressive knowledge economy. It shows Ras Al Khaimah's commitment to supporting entrepreneurs and young talents in fields like artificial intelligence and software development.
This strategic addition will bolster the emirate’s innovation infrastructure and serve as a regional centre for digital transformation. It aims to shape a future of prosperity and progress through innovation and technological advancement.
H.H. Sheikh Saud praised the strong cooperation between Ras Al Khaimah and leading regional and global companies. He emphasised that this collaboration sets a pioneering model for economic partnerships based on shared development visions.
The initiative further strengthens the UAE’s position as a global investment hub while enhancing Ras Al Khaimah’s regional competitiveness. By fostering such partnerships, the emirate aims to drive economic growth through innovative solutions addressing global challenges.
With inputs from WAM
Sign in with Google