RAK Ruler attends Hira Industries’ latest R&D Center launch in RAKEZ

RAK Ruler attends Hira Industries’ latest R&D Center launch in RAKEZ

This notable expansion is the company’s fourth since its set-up with Ras Al Khaimah Economic Zone (RAKEZ) in 2008, marking a significant milestone in its journey of innovation and growth.

Ras Al Khaimah, January 2024: His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, attended the launch of Hira Industries’ Global Research and Development Center in the Al Ghail Industrial Zone.

A global manufacturer and supplier in the construction sector since 1980, Hira Industries’ new 100,000 sq ft facility will cater to the local construction sector as well as 60 international markets by manufacturing 1 million sq ft of Aerofoam XLPE thermal insulators every month. It will also create 100 jobs in the emirate.

HH Sheikh Saud was accompanied by Hira Group’s Founder Ramesh Hira, Shareholders Girish Hira and Manish Hira, CEO Prakash Sarvaiya; and RAKEZ Group CEO Ramy Jallad.

This notable expansion is the company’s fourth since its set-up with Ras Al Khaimah Economic Zone (RAKEZ) in 2008, marking a significant milestone in its journey of innovation and growth.

Hira Industries has been a part of the RAKEZ business ecosystem for 15 years, growing from a modest team to a workforce of more than 1,000. The company’s 700,000 ft2 facility in the Al Ghail Industrial Zone is a testament to its exponential growth and commitment to innovation. This expansion is illustrative of Hira Industries’ journey within RAKEZ, highlighting not just growth in physical facilities and operations, but also in workforce development and a broadening business scope within the construction sector. Hira Industries’ presence in Ras Al Khaimah has evolved to be significant on a global scale.

Hira Group CEO Prakash Sarvaiya expressed his enthusiasm, stating, “Since 1980, we have been dedicated to serving the building and construction industry with conventional solutions. The expansion of our RAKEZ facility and inauguration of the Global R&D Center is a testament to our commitment to excellence, and it aligns seamlessly with our vision of being a global leader in niche products in the building product industry.” Highlighting their choice of Ras Al Khaimah as a strategic hub, Sarvaiya noted, “The emirate’s business-friendly environment and strategic location supports our commitment to excellence in the HVAC industry. Our expanded presence in RAKEZ, now with a total of seven units, underscores our focus on manufacturing activities within this region.”

RAKEZ Group CEO Ramy Jallad commented on this milestone, “It has truly been a privilege for RAKEZ to support the remarkable rise of Hira Industries within our business ecosystem. Witnessing their journey in the last 15 years – from the expansion of their physical facilities and operations to the impressive growth of their workforce, product range, and contributions to the construction sector – has been inspiring. Furthermore, their growth in local, regional, and international markets sets an outstanding example for other industrial entities in our business community, especially those looking to expand their presence in the UAE and beyond. At RAKEZ, we are committed to continuously working towards empowering our business partners like Hira Industries, helping them realise their full potential and paving the way for their future success.”

Big players in the construction sector continue to choose RAKEZ as their home base due to its comprehensive support, customised setup solutions, cost-effectiveness, proximity to logistical hubs, connectivity to regional and international markets, ease of doing business, and much more. Furthermore, the numerous infrastructural development projects in Ras Al Khaimah also offer a ripe market for companies in the construction sector.

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 21,000 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 Hira Industries:
Hira Group has excelled in manufacturing products for the Building and Construction Industry since 1980. Today Hira Group, is a trendsetter and a pioneer, manufacturing building products for various industrial segments. Hira Group has successfully expanded activities in manufacturing and customer base across various geographic locations.

The objective is to excel in order to remain committed to world-class quality and manufacturing. As part of our vision, Hira Industries aim’s to be a Global Leader in niche products in the building product industry. We strive to be the Market Leaders in the segments and the regions we choose to compete in.