PHOTO
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) has recently added another renowned brand to its portfolio of growing businesses – Caresoft Global, a global company specialising in automotive benchmarking and engineering solutions related to product development, cost optimisation, and manufacturing process engineering. The company occupies a 7,300 m2 facility in Al Hamra Industrial Zone and is set to create 100 engineering job opportunities in Ras Al Khaimah.
Established in 2007 and currently headquartered near Detroit, USA, Caresoft has built a presence in over 15 locations across North America, Europe, China, India, and Southeast Asia. The newly launched facility in RAKEZ is an expansion move to effectively cater to the increasing demand for reverse engineering solutions in the Middle East and North Africa (MENA) markets.
“We are excited about our newest venture. The MENA market is very promising, and with continuous infrastructure improvements in the region, our services can definitely add value to various construction projects and open up more opportunities for the talent pool in Ras Al Khaimah,” said Mathew Vachaparampil, CEO of Caresoft Global. “In terms of setting up, we are happy with the excellent support we received from Ras Al Khaimah authorities, especially RAKEZ. We work with over fifty global auto manufacturers, and with the viable ecosystem that the economic zone provides, we believe that we will be able to expand our activities to reach out to and serve bigger and newer markets.”
Welcoming the new incorporation, Ramy Jallad, Group CEO of RAKEZ, said: “In 2019, we launched our industrial strategy which aims to further develop the manufacturing sector of Ras Al Khaimah as well as increase the jobs within the segment. In line with this goal, we have introduced various new infrastructure and projects to attract more reputable industrial brands to the emirate. Hence, the joining of Caresoft Global to our portfolio is among our milestones in this continuous journey. We are looking forward to supporting more manufacturers, traders, logistic providers and the entire supply chain businesses that want to take advantage of the booming opportunities in the region.”
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
