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Ras Al Khaimah Economic Zone (Rakez) has entered into a landmark partnership with Indian construction giant Rana Group to establish Erisha Smart Manufacturing Hub, which aims to boost the region’s industrial and sustainability sectors.
The collaboration is set to pave the way for the operational expansion of the group’s EV subsidiary, Erisha E Mobility, in the Middle East and Africa, while strengthening its existing business in India.
The partnership was formalised during a lease agreement signing by Erisha E Mobility Chairman and MD Dr Darshan Rana and Rakez CXO Ian Hunt at Compass Coworking Centre.
Erisha Smart Manufacturing Hub will be a state-of-the-art facility in Al Ghail Industrial Park, spanning approximately 15 million sq ft, and supporting over 150 industries and will focus on pioneering technologies such as electric and hydrogen vehicle production, renewable energy, and semiconductor manufacturing.
The hub will be a fully integrated mixed-use development, combining industrial, residential, retail, office, commercial, financial, educational, medical, warehousing, and community centre components. It will include facilities such as hospitals, medical colleges, shopping complexes, hypermarkets, warehouses, office spaces, community centres, banks, and financial institutions.
Elaborating on the vision behind the Hub, Dr Rana commented: “By integrating diverse spaces into the hub, we aim to create a sustainable and technologically advanced ecosystem. We are thrilled to work 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.”
Rakez Group CEO Ramy Jallad said: “Ras Al Khaimah continues to establish itself as a fertile base for technological innovation and sustainable development. In the past year alone, we’ve seen a surge in interest from master developers across the globe, with major projects announced from China, Singapore, and now India. These mega developments are a testament to the thriving ecosystem we’ve built, defined by robust infrastructure, cost-effectiveness, and a flexible business environment. Projects like the Erisha Smart Manufacturing Hub reflect our commitment to enabling forward-thinking initiatives that drive economic diversification and reinforce Ras Al Khaimah’s leadership in green energy and advanced manufacturing.”
Rakez, with its world-class infrastructure and commitment to fostering business success, provides the ideal platform for Erisha E Mobility’s global expansion, ensuring that the hub will be a catalyst for progress in the UAE and beyond, a statement said. –TradeArabia News Service
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