Inks deals to reinforce Ras Al Khaimah’s position as a competitive industrial hub and attract investments
In the presence of HH Sheikh Saud Bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, Ras Al Khaimah Economic Zone (RAKEZ) signed two strategic agreements with MAGRABi Retail Group and Mighty Industrial Park during the recently concluded 5th 2026 edition of Make it in the Emirates (MIITE), held at the ADNEC Centre in Abu Dhabi, reinforcing the emirate’s growing position as a competitive hub for industrial investment and advanced manufacturing.
The agreements reflect increasing investor confidence in Ras Al Khaimah’s industrial ecosystem and its ability to support long-term, scalable manufacturing operations.
The first agreement, represented by MAGRABi Retail Group CEO Yasser Taher, aims to establish a Store Manufacturing Centre, a purpose-built facility dedicated to the production of furniture, store fit-outs, refurbishments, and pop-up concepts across its retail network.
Regional expansion
Designed to service up to 140 stores annually, the facility will support MAGRABi Retail’s operations across all its markets in the GCC, while creating up to 100 jobs and strengthening the company’s regional expansion and operational capabilities.
“This investment reinforces our long-term commitment to the Emirate of Ras Al Khaimah while enabling us to further elevate the retail experience across our growing network. By centralising the production of our store environments, we ensure that every detail reflects our dedication to quality, innovation, and client care,” assured Taher.
The second agreement was concluded with Mighty Industrial Park, represented by shareholder Guichun Guo, setting plans for the development of a comprehensive China-UAE industrial park.
Fully integrated ecosystem
The project will focus on metal recycling, dismantling, smelting, precious metal refining, and advanced manufacturing, creating a fully integrated ecosystem that supports sustainable industrial development and sector growth, while contributing to the advancement of circular economy practices within Ras Al Khaimah.
“With support from the relevant authorities during the establishment process, we see Ras Al Khaimah as a long-term base for building a circular-economy value chain, attracting upstream and downstream partners, and contributing to the UAE’s green manufacturing and industrial diversification goals,” asserted Guo.
“At RAKEZ, we continue to provide a flexible and enabling business environment that allows investors to expand with confidence, benefit from advanced infrastructure, and access integrated services that support their long-term growth,” concluded Ramy Jallad, CEO, RAKEZ Group.
