a company "THI" Announces the start of construction work on the Ras Al Khaimah Smart Manufacturing Complex
Ras Al Khaimah, January 23, WAM / THI Holding Investment Management Company announced the laying of the foundation stone for the Ras Al Khaimah Smart Manufacturing Complex project, in preparation for the start of construction work on the company’s first industrial project in the Middle East.
This project is the first development within the THI industrial and real estate platform in the Middle East, and represents a pivotal pillar in the company’s long-term strategy to support advanced manufacturing and localize industries in the region.
The project extends over an area exceeding 300,000 square meters within the Al Hamra area of the Ras Al Khaimah Economic Zone (RAKEZ), and is designed to attract manufacturing companies and high-value industries that are looking for modern, expandable facilities, with advanced technical specifications in the UAE.
The foundation stone laying ceremony was attended by representatives of local government agencies and financial institutions, along with industrial partners from the regional and international business community, reflecting the strategic importance of the project within the industrial development program of the Emirate of Ras Al Khaimah.
The Ras Al Khaimah Smart Manufacturing Complex is planned to be a high-specification industrial project, specifically designed to meet the requirements of the advanced and smart manufacturing sectors.
The park will support a variety of industries, including new energy industries, advanced manufacturing, logistics and industrial technologies while incorporating sustainability considerations and effective structural planning.
As the developer, asset manager and operator of the project, THI will manage the complex and supervise all its stages from development and construction to management and long-term operation, with construction work being carried out in phases, according to tenant requirements and operational readiness.
Frank Wu, founder of THI, said that the start of construction work in Ras Al Khaimah represents a pivotal step in the company’s international expansion process, and this project embodies its commitment to employing its expertise in developing and managing industrial zones to build high-quality industrial platforms in the Middle East that support sustainable industrial growth and economic diversification.
This development comes following the signing of a memorandum of understanding between the Ras Al Khaimah Economic Zones Authority (RAKZ) and THI in 2024, which established a framework for cooperation in the fields of industrial development and education, and contributed to supporting the establishment of advanced manufacturing infrastructure in the Emirate of Ras Al Khaimah.
For his part, Rami Jallad, CEO of RAKEZ Group, said that the project is moving from the strategic planning stage to actual implementation, and the size and ambition of the industrial complex embody the confidence of global partners in both RAKEZ and the emirate as a leading destination for advanced manufacturing, while this cooperation contributes to enabling high-value industrial activities, providing quality job opportunities, and promoting sustainable industrial innovation.
THI brings to this project its extensive experience in developing industrial real estate related to the manufacturing sector, and the Ras Al Khaimah project represents a practical application of this expertise within a new regional context, while aligning it with the needs of the local market and the approved regulatory frameworks.
As part of its future plans, the company intends to continue expanding its industrial and real estate platform throughout the Middle East, relying on the Emirate of Ras Al Khaimah as a starting point for additional projects in the region.
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