Latest news with #RamyJallad
Zawya
7 hours ago
- Automotive
- Zawya
Leading Italian composite manufacturer G&G chooses Ras Al Khaimah as its regional base
Ras Al Khaimah: G&G Composite, a leading Italian manufacturer and supplier specialising in advanced composite and carbon fiber components primarily for the automotive industry, is establishing its regional presence in Ras Al Khaimah. The family-owned enterprise has leased a facility spanning over 10,000 ft² in the Al Hamra Industrial Zone of Ras Al Khaimah Economic Zone (RAKEZ), aiming to serve markets across the UAE and the wider region. The lease signing ceremony took place at Compass Coworking Centre in the presence of G&G Composite President, CEO and Co-founder Stefano Asuni and RAKEZ Group CEO Ramy Jallad. Scheduled to be fully operational this September, the new facility will produce high-performance composite components, leveraging G&G Composite's four decades-long expertise in serving the automotive sector, including motorsports and hypercars, as well as maritime, defence, aerospace, and luxury interior design industries. Asuni said, 'We explored several emirates for our regional expansion, but Ras Al Khaimah clearly stood out. It offered a unique mix of strategic advantages that matched our ambitions, from its proximity to key industrial hubs to the momentum of its rapidly growing automotive sector. We see great potential in the emirate's emerging industrial landscape, which gives us the space and support to grow with confidence. The RAKEZ team has been incredibly hands-on and responsive, making our transition smooth from day one. More than just a base of operations, Ras Al Khaimah offers a stable, future-ready environment that aligns perfectly with our long-term vision.' Jallad said, 'The addition of G&G Composite to our industrial ecosystem in Ras Al Khaimah represents a strategic milestone that underscores the emirate's growing stature as a regional hub for high-tech industries. Their choice of Ras Al Khaimah is a clear testament to the increasing confidence investors have in our business environment, which is supported by world-class infrastructure, a strategic geographic location, and a regulatory framework designed to foter growth. G&G Composite's Italian expertise in manufacturing advanced composite materials, from hypercar applications to defense and aerospace industries, brings a new dimension of value to our industrial landscape and supports our vision of positioning Ras Al Khaimah as a leading global destination for innovation and advanced technologies. We look forward to this collaboration serving as a launchpad for a new era of shared growth and industrial integration in the region.' G&G Composite has also partnered with Venere Group, an Italian brand that specialises in high-end automotive applications in the hypercar segment as well as luxury furniture and interior design. This collaboration brings G&G's advanced composite materials into exclusive, high-end automotive design settings, highlighting the company's versatility and craftsmanship. RAKEZ continues to attract international manufacturers and innovators seeking a gateway to the region's booming markets. G&G Composite's arrival is a testament to the emirate's growing appeal as a destination for advanced industries. About Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 35,000 companies coming from over 100+ countries and operating in more than 50 industries. RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers. A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah. About G&G Composite: G&G Composites Manufacturing FZ-LLC is an industrial company based in the United Arab Emirates, established in 2025 as the strategic extension of the 40+ years of expertise of G&G Compositi in Italy. The venture was founded by Stefano Asuni, entrepreneur and founder of the Italian headquarters, together with Marco Provenzano, a seasoned manager with extensive experience in the GCC market. G&G UAE specializes in the design and production of advanced composite components for the automotive, aerospace, defense, marine, and industrial design sectors. The new facility in the UAE, fully operational from September 2025, is built to deliver high-quality standards, production flexibility, and competitive time-to-market. G&G stands out for its attention to detail, process innovation, and ability to offer customized solutions on a global scale, with a growing focus on the U.S. and Asian markets. The brand embodies Italian excellence with a local approach committed to sustainable growth and strategic partnerships.
Dubai Eye
4 days ago
- Business
- Dubai Eye
RAK Economic Zone signs deal to establish tech-focused industrial hub
Ras Al Khaimah Economic Zone (RAKEZ) has signed an agreement with Indian construction giant Rana Group to establish a new hub that will focus on "pioneering technologies" for over 150 industries and create thousands of jobs. Erisha Smart Manufacturing Hub will be a state-of-the-art facility spanning 15 million ft2, with an expansive total construction area of approximately 25 million ft2. The hub will focus on technologies such as electric and hydrogen vehicle production, renewable energy, EVTOL (electric vertical take-off and landing) aircraft, and semiconductor manufacturing. RAKEZ's CEO, Ramy Jallad, said 'Ras Al Khaimah continues to establish itself as a fertile base for technological innovation and sustainable development. With its robust infrastructure, strategic location, and dynamic business environment, the emirate is well-positioned to support forward-thinking initiatives like Erisha Smart Manufacturing Hub." Through the Hub, Rana Group reportedly aims to create a sustainable and technologically advanced ecosystem, seamlessly integrating industrial, residential, and commercial spaces. It will house a wide range of facilities, including hospitals, medical colleges, shopping complexes, hypermarkets, warehouses, office spaces, community centres, banks, and financial institutions. Erisha E Mobility Chairman and Managing Director Dr. Darshan Rana commented, 'We are thrilled to partner with RAKEZ and bring Erisha Smart Manufacturing Hub to life. This project will be at the forefront of the green energy revolution, contributing significantly to the UAE's net zero ambitions and creating a self-sustainable future. Our goal is to set new benchmarks in sustainable industrialisation, driving innovation while supporting the global transition to cleaner energy solutions.'
Zawya
16-07-2025
- Business
- Zawya
RAKEZ delegation to India engages business leaders across three major cities
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) successfully wrapped up a week-long roadshow across key Indian cities, including Hyderabad, Mumbai, and Pune, further advancing its long-standing collaboration with India. Led by RAKEZ Group CEO Ramy Jallad, the delegation aimed to deepen business ties and foster strategic relations with Indian investors and enterprises. He said, 'India is a key market for us and home to one of our strongest investor communities. Our relationship with Indian businesses goes beyond participation in events and exhibitions. We have built deep-rooted connections through years of continuous engagement, and we are proud to be the go-to hub for thousands of Indian companies expanding into the UAE and beyond. This roadshow was part of our ongoing commitment to enabling Indian investors to thrive globally from our base in Ras Al Khaimah.' The delegation commenced its visit in Hyderabad at the Expand Middle East event hosted by international business advisory firm TConsult, where RAKEZ signed a strategic Memorandum of Understanding (MoU) with the World Telugu Information Technology Council (WTITC). The MoU, signed by Jallad and WTITC Chairman Sundeep Makthala, is set to bolster cross-border collaboration, particularly empowering the Telugu business community to access global opportunities through Ras Al Khaimah. The RAKEZ team also visited T-Hub, an innovation campus, and T-Works, one of the largest prototyping centres in India. In Mumbai, RAKEZ joined the UAE–India Start-up Series' launch at the Mumbai Start-up Sundowner, an initiative by the UAE-India CEPA Council to identify and support high-potential Indian startups. The team also engaged with the UAE Ambassador to India – H.E. Dr. Abdulnasser Alshaali, CEPA Council Director Ahmed Aljneibi, and Bombay Industries Association President Hitesh Shah to explore further economic cooperation. RAKEZ is already home to over 9,500 Indian investors, making India the top contributor to its community of over 35,000 companies. Major Indian enterprises like Mahindra, MSSL, Dabur Naturelle, Ashok Leyland, and Xpro Dielectric Films (part of the Birla Group) have found success operating from RAKEZ, which supports a broad spectrum of industries from manufacturing to FMCG and automotive. With its cost-effective set-up options, strong connectivity to regional and global markets, and tailored support for startups, SMEs, and industrial players, RAKEZ continues to stand out as a preferred destination for Indian businesses. Its partnerships with major Indian industry organisations such as Confederation of Indian Industry (CII), Maharashtra Industrial Development Corporation (MIDC), The Indian Chamber of Commerce (ICC), All India Association of Industries (AIAI), UAE-India CEPA Council, Indian Economic Trade Organisation (ITEO), and The Indian Chamber of Food and Agriculture (ICFA), further reinforce its commitment to empowering Indian enterprises to scale globally from the economic zone. The India roadshow is part of RAKEZ's broader international outreach strategy, through which it actively engages with key global markets to attract high-potential investors and foster strategic partnerships. As RAKEZ continues to expand its international presence, it remains committed to providing a robust and enabling environment for businesses to establish and grow via Ras Al Khaimah. For more information, please contact: Cleo Eleazar, Public Relations & Events Manager, RAKEZ Email: About Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 35,000 companies coming from over 100+ countries and operating in more than 50 industries. RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers. A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah. For more information, visit
Economy ME
14-07-2025
- Business
- Economy ME
RAKEZ posts 43 percent surge in new company registrations in H1 2025
The Ras Al Khaimah Economic Zone (RAKEZ) recorded a significant 43 percent annual increase in new company registrations for the first half of 2025. A total of 8,506 companies joined the RAKEZ business community between January and June this year, up from 5,933 in H1 2024, marking a significant leap in the economic zone's continued growth trajectory. 'This remarkable growth reflects the confidence investors place in RAKEZ and the emirate of Ras Al Khaimah as a whole. Our continued commitment to creating a supportive and dynamic environment for businesses is clearly resonating with entrepreneurs and companies from around the globe,' said Ramy Jallad , Group CEO of RAKEZ. Business community grows to more than 35,000 active companies The majority of new companies at RAKEZ operated in key sectors, including management, information and marketing consultancies; e-commerce; general trading; food and beverage; and building materials. These sectors continue to benefit from RAKEZ's robust infrastructure, simplified processes, competitive cost advantages and business-friendly ecosystem. As RAKEZ continues to appeal to a diverse global investor base, India led the list of top investor nationalities, accounting for 43 percent of new registrations, followed by Pakistan, the United Kingdom, Egypt and the Philippines. With this sustained momentum, RAKEZ is now home to a thriving business community of more than 35,000 active companies from over 100 countries, reinforcing its position as a leading business and industrial hub in the region. The economic zone remains deeply committed to its mission of empowering entrepreneurs, fueling economic growth and positioning Ras Al Khaimah as a global center of innovation and investment. 'By expanding our digital services, growing our value-added services portfolio, launching sector-focused hubs and introducing value-driven packages, we are ensuring that new and existing businesses have everything they need to grow and succeed. With strategic foresight, operational excellence, and a firm commitment to sustainable development, RAKEZ is poised to play a leading role in shaping the UAE's future economic landscape,' he added. Read| Dubai climbs to 7th most expensive city for HNWIs globally: Report Fastest-growing economic zone in UAE Earlier this year, RAKEZ was recognized as the fastest-growing economic zone in the UAE, reinforcing its position as a leading business hub that continues to drive economic progress and investment. The Annual Asian Arab Awards 2025 highlighted RAKEZ's strategic efforts to integrate client feedback into its service design and delivery, ensuring its solutions align with global best practices. This commitment enhances customer satisfaction and strengthens business success, contributing to a dynamic and thriving ecosystem for enterprises of all sizes. With a record-breaking 66 percent growth in new business registrations in 2024, RAKEZ has strengthened its support for start-ups, SMEs and international investors. Initiatives such as the Growth Series exemplify its commitment to fostering innovation, enabling business expansion and driving economic diversification. As 2025 progresses, RAKEZ remains steady in its commitment to empowering businesses and entrepreneurs, driving sustainable economic progress, and ensuring Ras Al Khaimah and the UAE remain centers of global investment. With a focus on strategic foresight, operational excellence and sustainable development, RAKEZ is well-positioned to shape the emirate's economic landscape and deliver another landmark year.
Zawya
14-07-2025
- Business
- Zawya
RAKEZ records 43% surge in new company registrations in H1 2025
Ras Al Khaimah Economic Zone (RAKEZ) recorded a significant 43 percent increase in new company registrations for the first half of 2025 compared to the same period last year. A total of 8,506 companies joined the RAKEZ business community between January and June this year, up from 5,933 in H1 2024, marking a significant leap in the economic zone's continued growth trajectory. Commenting on the surge, RAKEZ Group CEO Ramy Jallad, said, 'This remarkable growth reflects the confidence investors place in RAKEZ and the emirate of Ras Al Khaimah as a whole. Our continued commitment to creating a supportive and dynamic environment for businesses is clearly resonating with entrepreneurs and companies from around the globe.' 'By expanding our digital services, growing our value-added services portfolio, launching sector-focused hubs, and introducing value-driven packages, we are ensuring that new and existing businesses have everything they need to grow and succeed. With strategic foresight, operational excellence, and a firm commitment to sustainable development, RAKEZ is poised to play a leading role in shaping the UAE's future economic landscape,' he added. The majority of new companies operated in key sectors including management, information, and marketing consultancies; e-commerce; general trading; food and beverage; and building materials. These sectors continue to benefit from RAKEZ's robust infrastructure, simplified processes, competitive cost advantages, and business-friendly ecosystem. As RAKEZ continues to appeal to a diverse global investor base, India led the list of top investor nationalities, accounting for 43% of new registrations, followed by Pakistan, the United Kingdom, Egypt, and the Philippines. With this sustained momentum, RAKEZ is now home to a thriving business community of more than 35,000 active companies from over 100 countries, reinforcing its position as a leading business and industrial hub in the region. The economic zone remains deeply committed to its mission of empowering entrepreneurs, fueling economic growth, and positioning Ras Al Khaimah as a global centre of innovation and investment.
