PHOTO
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) welcomes one of the leading advanced engineering and carbon fibre manufacturers, Polar Manufacturing, to its Al Hamra Industrial Zone. With significant investment, Polar’s new facility will cater to the growing demand for carbon fibre and composite products in the UAE and MENA and will create over 50 high-skilled job opportunities in Ras Al Khaimah.
Established in 2011 in Norfolk, United Kingdom, the company’s Ras Al Khaimah base occupies a 3,600 m2 land with a built-up area of 1,364 m2 where it is set to design and manufacture carbon fibre products for blue-chip brands in various fields, such as automotive, aerospace, sport and leisure, agriculture, defense, marine, medical, transport, also including high-end bespoke commissions.
“We have been eyeing expansion to the MENA region for the past few years and searching across the UAE for the ideal destination for our regional production unit. Ras Al Khaimah proved to be the most cost-effective location being at the centre of the trade in the region and RAKEZ’s high quality and personalised support enabled us to identify the right solution and set up quickly,” said Mike Harris, Group CEO of Group Polar Ltd. “Ras Al Khaimah is indeed a great place to do business, offering a hassle-free business environment that is easily accessible being close to major logistical hubs. We are very excited and looking forward to experiencing remarkable results in the UAE and GCC.”
Commenting on the inclusion of the carbon fibre producer, Ramy Jallad, Group CEO of RAKEZ, said: “Polar Manufacturing is yet another great addition to our portfolio of international manufacturing companies in our industrial zones. Over the years, we have created clusters of companies in our zones to encourage B2B collaborations, and this is one of the many ways manufacturers benefit within our ecosystem, in addition to the range of solutions and ease of doing business that we offer. We aim to continuously enhance our industrial environment to support more global manufacturers looking to thrive in the MENA region.”
To further grow the clusters of manufacturers in its zones, RAKEZ has launched campaigns such as Make, Manage, Move Your Products, a cost-effective industrial package with a range of warehouses, land for development and labour accommodation to suit the needs of supply chain players from around the world. RAKEZ is currently home to leading industrial brands including; RAK Ceramics, one of the world’s largest ceramics companies; Dabur Naturelle, one of the world’s largest manufacturers of Ayurvedic medicines, as well as home, health and personal products; and Ashok Leyland, Indian bus manufacturer.
© 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.
