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February 24, 2005
UAE Based Ceramic Multinational Keen On Investing in New Building Materials
FutureBuild RAK is the joint initiative taken by the Govt of Ras Al Khaimah, and one of the topmost ceramic multinationals companies of the world- RAK Ceramics, based in fast developing Ras Al Khaimah- one of the 7 Emirates of the United Arab Emirates. The objective of this joint initiative is to attract investment in the Emirate of Ras Al Khaimah in the manufacturing & logistics of high quality building materials
(PRWEB) February 24, 2005 -- FutureBuild is the joint initiative taken by the Govt of Ras Al Khaimah, and one of the topmost ceramic multinationals companies of the world- RAK Ceramics, based in fast developing Ras Al Khaimah- one of the 7 Emirates of the United Arab Emirates.
FutureBuild RAK programme has the governmental support of the Emirate, and the commercial vision and business support of an established and highly succcessful multinational like RAK Ceramics which is now a USD 300 million sales multinational with exports to over 130 countries.
The objective of this joint initiative is to attract investment in the Emirate of Ras Al Khaimah in the manufacturing & logistics of high quality building materials .
The initiative will help facilitate & support building materials / construction product companies wishing to set up a manufacturing / logistic base in the Emirate of Ras Al Khaimah, with due consideration to following developments in the Arabian Gulf:
A booming regional Arabian Gulf Market for construction & developmental projects including the UAE.
Varied facilities & services the Emirate of Ras Al Khaimah is offering to investors.
The UAE is fast becoming the right manufacturing location for catering to the price competitive regional market here, and it provides a effective combination of good infrastructure rates, good quality & economical labour costs.
A local presence with a manufacturing and or logistics base helps over a long term.
RAK Ceramics may consider investing as a partner for manufacturing / marketing select products found of great potential in the regional / global markets.
Why Building Materials @ Ras Al Khaimah? - The Regional Market for Building Materials
The Gulf Construction (GCC) boom is valued at USD 50-55 BILLION
UAE accounts for USD 30 billion of the GCC boom.
About 70-75% of the projects are around Dubai & RAK is an excellent, close location for manufacturing. The Emirate of Ras Al Khaimah is also witnessing huge construction activity.
USD 2.25 billion is the budget for UAE ministries & federal institutions
Ministry of Public Works & Housing projects worth USD 1 BILLION are under progress in the UAE.
Saudi Arabia has USD 20 billion worth projects underway, and is in close proximity to RAK.
Iraq reconstruction projects of USD 2 BILLION are underway.
The programme will be under the stewardship of Dr. Khater Massaad, the C.E.O. of RAK Ceramics which was adjudged by the ITP- Arabian Business Awards as the "Company of the Year 2004."
Dr. Khater Massaad is also the Advisor to H. H. The Crown Prince & Deputy Ruler of Ras Al Khaimah.
For further action & more information about Ras Al Khaimah , please contact :
Er. Dinesh Bandiwadekar
Head - FutureBuild-RAK
P.O. BOX 4714
Ras Al Khaimah,
U.A.E. Tel: + 971 7 2445046 Fax: + 971-7 2445270
Posted by Industrial at February 24, 2005 01:05 AM