Ras Al Khaimah Economic Zone (Rakez) has recently added another giant Indian conglomerate to its client portfolio — Motherson Sumi Systems Ltd (MSSL), one of the global leaders in the field of automotive wiring harnesses. MSSL is set to produce a broad portfolio of products including wiring harnesses, rearview mirrors for passenger cars, injection-molded parts and many more from its Rakez manufacturing unit.
|Automotive components will be manufactured at the Ras Al Khaimah Economic Zone in the UAE.|
MSSL recently held a groundbreaking ceremony at Rakez Al Hamra Industrial Zone to mark the beginning of the construction of its factory which is presently being built on a 21,000-m2 site. The company's operations are expected to officially commence on the 2nd quarter of 2020.
Vivek Chaand Sehgal, Chairman of MSSL, said: "We are very glad to have taken this important step of setting up our manufacturing facility in the fast-growing emirate of Ras Al Khaimah. This provides us great opportunities for larger exposure to the global markets. We are truly proud to be working in conjunction with Rakez, which is among the leading economic zones in the region."
Welcoming MSSL to the Rakez family, Ramy Jallad, Group CEO of Rakez, said: "We consider the coming of Motherson to our thriving industrial ecosystem as another significant milestone in our commitment to underpinning the industrial growth in the emirate. This very industry is among the leading contributors to the emirate's stability and strength in tackling economic headwinds. I'm sure that Motherson is one of the great additions we are going to have this year."
Rakez is a business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 14,500 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 licenses, customizable facilities, and first-class services provided in a one-stop-shop. Furthermore, Rakez has six specialized zones that are tailored to specific needs of investors: a Business Zone for commercial and service companies; Al Ghail, Al Hamra and Al Hulailah Industrial Zones for manufacturers and industrialists; a Media Zone for creative firms; and an Academic Zone for educational providers.