Ras Al Khaimah Economic Zone (RAKEZ) has signed two strategic agreements with MAGRABi Retail Group and Mighty Industrial Park, reinforcing the emirate’s position as a key hub for industrial investment and advanced manufacturing. The deals were announced during the 5th edition of the Make it in the Emirates (MIITE) forum in Abu Dhabi.
Quick Facts
- Two major agreements signed to expand RAK’s industrial ecosystem.
- MAGRABi Retail to establish a large-scale manufacturing centre.
- Mighty Industrial Park to build a China-UAE industrial park.
MAGRABi’s Regional Retail Manufacturing Hub
The first agreement with MAGRABi Retail Group will see the establishment of a purpose-built Store Manufacturing Centre. This facility will handle the production of furniture, store fit-outs, and pop-up concepts for MAGRABi’s extensive retail network. Expected to service up to 140 stores annually, the project will create around 100 new jobs and support the company’s operational expansion across the GCC.
Yasser Taher, CEO of MAGRABi Retail Group, commented, “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.”
A China-UAE Circular Economy Partnership
RAKEZ’s second agreement is with Mighty Industrial Park for the development of a comprehensive China-UAE industrial park. The project will concentrate on metal recycling, dismantling, smelting, precious metal refining, and advanced manufacturing. This initiative aims to build an integrated ecosystem that supports sustainable industrial practices and advances the circular economy in Ras Al Khaimah.
“Ras Al Khaimah was chosen by Mighty Industry Park because it offers the practical conditions required for a resource-circulation industrial project to scale: industrial land, utility access, logistics connectivity and a manufacturing environment,” said Guichun Guo, a shareholder in Mighty Industrial Park. He added that RAKEZ provides a platform for an integrated industrial chain, positioning the emirate as a long-term base for a circular-economy value chain.
Bolstering the UAE’s Industrial Ecosystem
The agreements underscore growing investor confidence in Ras Al Khaimah’s capacity to support large-scale, long-term manufacturing operations. Ramy Jallad, Group CEO of RAKEZ, noted that these partnerships are part of a wider commitment to strengthening the emirate’s industrial sector.
“By partnering with prominent companies such as MAGRABi Retail and Mighty Industrial Park, we are committed to developing an integrated industrial ecosystem that supports innovation and keeps pace with global shifts in value chains and sustainable manufacturing,” Jallad stated.
During a panel discussion at the event, Jallad also highlighted the UAE’s industrial resilience, attributing it to strong alignment between federal entities and economic zones, along with practical, on-the-ground support for businesses.
About RAKEZ
Ras Al Khaimah Economic Zone (RAKEZ) is a leading economic zone in the UAE that offers a platform for businesses in various sectors, including industrial and manufacturing. It provides customizable solutions, advanced infrastructure, and integrated services to support the long-term growth of local and international investors.
Source: Zawya
