Company to establish a new AED 40mn non-ferrous metals processing and manufacturing facility
Shyam Middle East Resources, part of India’s Shyam Steel Group, is establishing a new non-ferrous metals processing and manufacturing facility at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone (RAKEZ).
With an investment of AED 40mn, the project marks a significant step in the Group’s global expansion strategy, strengthening its regional footprint while tapping into Ras Al Khaimah’s growing industrial ecosystem.
The agreement was formalised during a signing ceremony at RAKEZ’s Compass Coworking Centre, represented by Shyam Steel Group Chairman Shri Purushottam Beriwala and RAKEZ Sales Director Mustafa Shaker.
Two phases
Spanning approximately 21,000sqm the facility will be developed in two phases. The first unit is expected to be operational by the first quarter of 2027, followed by the second unit in the next quarter.
The facility will process and manufacture non-ferrous metals, including lead, aluminium, and copper, along with alloy production from non-ferrous ingots, with a projected capacity of up to 2,000 tonnes per month. Once fully operational, it is expected to generate around 150 employment opportunities.
Important milestone
“This investment marks an important milestone in strengthening our presence in the Middle East and expanding into new international markets,” commented Beriwala.
“We are pleased to support the Group as they expand their regional footprint and bring new industrial capabilities to the Emirate,” added RAKEZ Group CEO Ramy Jallad.
