"Shyam Middle East" Expands its industrial presence by investing 40 million dirhams in a new facility in Ras Al Khaimah

Ras Al Khaimah, May 18 / WAM / Shayam Middle East Resources FZE, a subsidiary of the Indian Shayam Steel Group, intends to establish a new facility for processing and manufacturing non-ferrous metals in the Al Ghail Industrial Area of ​​the Ras Al Khaimah Economic Zones Authority (RAKZ).

With an investment of 40 million dirhams, this project represents an important step in the group’s global expansion strategy, strengthening its regional presence while benefiting from the growing industrial system in the Emirate of Ras Al Khaimah.

The construction agreement was signed during a ceremony held at the Compass Business Center in Ras Al Khaimah, in the presence of Shri Purushottam Periwala, Chairman of the Board of Directors of Shyam Steel Group, and Mustafa Shaker, Director of Sales Department at RAKEZ.

The facility extends over an area of ​​approximately 21,000 square metres, and will be developed in two phases, with the first unit expected to begin operations during the first quarter of 2027, followed by the second unit in the following quarter.

The facility will specialize in processing and manufacturing non-ferrous metals, including lead, aluminum and copper, in addition to the production of non-ferrous alloys, with an expected production capacity of between 1,500 and 2,000 tons per month and it is expected to provide about 150 job opportunities when fully operational.

Shri Purushottam Periwala, Chairman of the Board of Directors of Shyam Steel Group, said that the decision to establish the group’s operations in Ras Al Khaimah was driven by a cost-competitive operating environment and attractive investment policies in addition to its strategic location that connects it to global markets. RAKEZ has provided a smooth establishment experience supported by effective procedures, ready industrial lands, and an integrated system that enables the group to expand with confidence, pointing out that this investment represents an important step in strengthening the group’s presence in The Middle East and expanding to new international markets.

For his part, Rami Jallad, CEO of RAKEZ Group, said that the establishment of the Shayam Steel Group in Ras Al Khaimah strengthens the emirate’s position as a growing center for advanced industries and industrial activities, noting that the demand for industrial materials and metal processing continues to grow in parallel with the expansion of the construction, infrastructure and manufacturing sectors in the region, which creates promising opportunities for specialized industrial operations.

Jallad added that RAKEZ continues to focus on enabling investors to move smoothly from the establishment stage to production through ready infrastructure, responsive support, and a business environment designed for growth and expansion. He welcomed RAKEZ’s support for the Shayam Steel Group in expanding its regional presence and adding new industrial capabilities to the emirate.

RAKEZ continues to support industrial investors through its integrated system, which combines flexible solutions, world-class infrastructure, and comprehensive support services, enabling companies to establish, operate and expand efficiently.

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