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H.H.
Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of
Ras Al Khaimah, laid the foundation stone for RAK Ghani Glass
plant, a state- of- the- art pharmaceutical container glass
plant to be set up with an investment of USD 20 million at the
RAK Industrial Zone at Al Jazeera Al Hamra here last evening.The new plant, which will have a capacity to produce 600 million bottles 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 function, 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 premier manufacturer of glass products in
Pakistan, producing more than 200,000 tonnes of glass per year.
Sheikh Salem bin Sultan Al Qasimi, Chairman of RAK Civil Aviation, RAKIA officials, and a number of dignitaries were present at the function.
Ghani Glass Ltd in collaboration with RAKIA also held an investor/ customer convention in Ras Al Khaimah yesterday 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.
AME Info