Ras Al Khaimah Economic Zone has entered into two strategic partnerships with Magrabi Retail Group and Mighty Industrial Park to establish a dedicated store manufacturing hub and develop an integrated China-UAE industrial park.
The agreements were formalised in the presence of Sheikh Saud bin Saqr Al Qasimi during the fifth edition of Make it in the Emirates held in Abu Dhabi.
According to a statement issued by RAKEZ, the partnerships further strengthen Ras Al Khaimah’s standing as an emerging destination for industrial investment and advanced manufacturing. The agreements also underline rising investor confidence in the emirate’s industrial infrastructure and its capacity to support scalable, long-term manufacturing projects.
Under the first agreement, led by Magrabi Retail Group CEO Yasser Taher, the company will establish a specialised Store Manufacturing Centre focused on producing furniture, retail fit-outs, refurbishment solutions, and pop-up store concepts for its expanding retail operations.
The facility is expected to support the rollout and maintenance of up to 140 stores each year across GCC markets. In addition to enhancing Magrabi Retail’s regional operational capabilities, the project is anticipated to generate up to 100 employment opportunities.
Taher stated that the investment reflects the company’s long-term commitment to Ras Al Khaimah while supporting efforts to further enhance customer experience across its retail footprint. He added that centralising production capabilities would help maintain consistent standards in quality, innovation, and customer service across all store formats.
The second agreement was signed with Mighty Industrial Park, represented by shareholder Guichun Guo, to develop a fully integrated China-UAE industrial park. The project will focus on sectors including metal recycling, dismantling, smelting, precious metal refining, and advanced manufacturing, supporting sustainable industrial growth and advancing circular economy initiatives within Ras Al Khaimah.
