Sheikh Saud lays foundation stone for USD 20 million RAK Ghani
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
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.