H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of the emirate of Ras Al Khaimah, part of the UAE, laid the foundation stone for the USD 20 million, state-of-the-art RAK Ghani Glass…
H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of the emirate of Ras Al Khaimah, part of the UAE, laid the foundation stone for the USD 20 million, state-of-the-art RAK Ghani Glass plant to be set up at the RAK Industrial Zone at Al Jazeera Al Hamra. The new plant, which will have a capacity to produce 600 million pharmaceutical containers per year, is being set up by Ghani Glass Ltd, Pakistan“s largest glass manufacturer, in collaboration with Ras Al Khaimah Investment Authority (RAKIA) and Startup Group. Speaking at the foundation stone laying ceremony on 15 December 2006, Sheikh Saud said that industry majors from all over the world are increasingly finding Ras Al Khaimah a suitable place to set up industries and base their operations in the region. “The Government of Ras Al Khaimah is being led by the vision to put in place a simplified and hassle-free business environment that would help entrepreneurs realize their full potential in the Emirate”. Imtiaz Ahmad Khan, chief executive officer, Ghani Group, said that construction of the new plant would be completed in 15 months. “The RAK Ghani Glass plant will have a capacity to produce 120 tonnes of glass per day or 600 million light weight bottles per year to cater to the pharmaceutical market of Middle East, Europe and Far East”, he said. Dr. Khater Massaad, Advisor to the RAK Crown Prince and CEO of RAKIA, said that the new plant would incorporate the latest technology and machinery to maintain high product quality. Ghani Glass Ltd is the leading manufacturer of glass products in Pakistan, producing more than 200,000 tonnes of glass per year. The ceremony was attended by numerous dignataries including Sheikh Salem bin Sultan Al Qasimi, Chairman of RAK Civil Aviation, and RAKIA officials. Ghani Glass Ltd in collaboration with RAKIA also held an investor/customer convention in Ras Al Khaimah on 15 December 2006 which was attended by many prominent businessmen from Pakistan. RAKIA authorities briefed the delegates about the investment opportunities and developmental projects being implemented in Ras Al Khaimah at the conference.