May 01 2010
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Sheikh Saud inaugurates USD 28 million RAK Ghani Glass plant
Ras Al Khaimah, May 1: H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, today inaugurated the state- of- the- art pharmaceutical glass container manufacturing plant of RAK Ghani Glass LLC set up with an investment of USD 28 million at Al Jazeera Al Hamra here.The plant has an annual production capacity of 44,000 tons, which is equivalent to 600 million lightweight pharmaceutical bottles. RAK Ghani Glass LLC is a joint venture between Ghani Group from Pakistan, Ras Al Khaimah Investment Authority (RAKIA), JS Group and Saudi-based Swicorp. Speaking at the international customers convention of RAK Ghani Glass held as part of the factory inauguration, Sheikh Saud said, "The Government of Ras Al Khaimah has taken care to provide businesses with the right conditions for growth and investment including implementation of key economic reforms and augmentation of infrastructure which has helped the Emirate to attract investments from across the world. The government’s effort to encourage the development of the manufacturing sector has resulted in industry becoming a major contributor to RAK GDP." Imtiaz Ahmad Khan, Chief Executive Officer of Ghani Group said, "The RAK Ghani Glass plant is the most technologically advanced facility of its kind in the region and is positioned to develop as one of the leading pharmaceutical glass packaging manufacturers globally. The company would deliver European- quality light weight pharmaceutical glass containers and intends to leverage the superb infrastructure, modern transportation network and seamless connectivity available in RAK." He added that RAK Ghani Glass plant is the only glass plant in the MENA region with a Class 100,000 Clean Room facility which would enable it to meet the stringent quality standards of major pharma companies across the world. Dr. Khater Massaad, CEO of RAKIA, said that the addition of RAK Ghani Glass to the growing list of industrial ventures in the emirate is yet another acknowledgement of the competitive strengths Ras Al Khaimah has as a preferred manufacturing destination. "RAKIA has managed to attract USD 3 billion industrial investment to Ras Al Khaimah resulting in the setting up of over 400 industrial establishments and creating more than 70,000 jobs in the process. RAK Ghani Glass already exports to 60 pharma majors spread across 22 countries. The plant is situated on a 100,000 sq. metre plot in the RAKIA industrial zone with a covered area of 12,000 square metres. H.E. Sheikh Mohammed bin Saud Al Qasimi, officials from JS Group, Swicorp and senior RAK Government officials were present during the ceremony.
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