Ras al khaimah: Shyam Middle East Resources FZ-LLC, part of India's Shyam Steel Group, is set to establish a new non-ferrous metals processing and manufacturing facility at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone (RAKEZ). With an investment of AED40 million, the project is a critical component of the group's global expansion strategy, enhancing its regional presence while leveraging Ras Al Khaimah's industrial growth.
According to Emirates News Agency, the agreement for the facility was formalized during a signing ceremony at RAKEZ's Compass Coworking Centre. The ceremony featured Shyam Steel Group Chairman Shri Purushottam Beriwala and RAKEZ Sales Director Mustafa Shaker. The new facility, which will cover approximately 21,000 m², is planned to be developed in two phases. The first unit is projected to become operational by the first quarter of 2027, with the second unit following in the next quarter.
The facility aims to process and manufacture non-ferrous metals such as lead, aluminium, and copper, along with producing alloys from non-ferrous ingots. It is expected to have a capacity of up to 2,000 tonnes per month and generate around 150 employment opportunities once fully operational. Beriwala highlighted the decision to establish operations in Ras Al Khaimah was influenced by the emirate's cost-effective environment, investor-friendly policies, and strategic connectivity to international markets.
RAKEZ Group CEO Ramy Jallad noted that Shyam Steel Group's presence reinforces Ras Al Khaimah's standing as an emerging hub for manufacturing and industrial activity. The increasing demand for industrial materials and metal processing aligns with the growth in the region's construction, infrastructure, and manufacturing sectors, offering robust opportunities for specialized industrial operations.
RAKEZ continues to provide support to industrial investors through an integrated ecosystem, combining flexible solutions, world-class infrastructure, and comprehensive support services. This framework enables businesses to establish, operate, and scale efficiently, aiding in the expansion of industrial capabilities within the emirate.