RAKEZ has announced a landmark partnership with India’s Rana Group to establish the Erisha Smart Manufacturing Hub at the Al Ghail Industrial Area in Ras Al Khaimah, marking a significant step in the emirate’s industrial and sustainability ambitions.
Project Scope & Vision
- The hub will span roughly 15 million square feet, with a total built-up area of about 25 million square feet, and will accommodate over 150 industries.
- Projected investment: US$10 billion, expected to generate US$5–6 billion in annual economic impact and create about 4,000 jobs in the region.
- Focus industries include electric & hydrogen vehicles, eVTOL (electric vertical take-off & landing) aircraft, semiconductor manufacturing, renewable energy technologies.
- Developed as a mixed-use ecosystem across approximately 335 acres, it will integrate industrial, commercial, residential, educational and medical components — including hospitals, medical colleges, hypermarkets, warehouses, community centres, banks and financial-institutions.
Strategic Importance
This development aligns directly with the UAE’s national industrial strategy — including initiatives like “Make it in the Emirates” and efforts to boost manufacturing’s share of GDP to Dh300 billion by 2031.
For RAKEZ, the hub enhances its evolution from a free-zone services/trading model into a high-tech, advanced manufacturing hub, reinforcing Ras Al Khaimah’s positioning as a destination for innovation and industrial diversification.
RAKEZ
Key Leadership Quotes
“Ras Al Khaimah continues to establish itself as a fertile base for technological innovation and sustainable development… The Erisha Smart Manufacturing Hub reflects our commitment to enabling forward-thinking initiatives that drive economic diversification and reinforce Ras Al Khaimah’s leadership in green energy and advanced manufacturing.”
— Ramy Jallad, Group CEO, RAKEZ
“We are thrilled to partner with RAKEZ and bring Erisha Smart Manufacturing Hub to life. This project will be at the forefront of the green energy revolution, contributing significantly to the UAE’s net-zero ambitions and creating a self-sustainable future.”
— Dr Darshan Rana, Chairman & Managing Director, Erisha E Mobility (Rana Group)
Next Steps & Timeline
Construction has already commenced, with groundwork being laid in the Al Ghail area.
Some of the manufacturing units are expected to become operational within one year, with full development targeted over the next five years.
Implications for Investors & the Region
For investors/companies: This hub offers a platform to enter into advanced manufacturing in the UAE-GCC region, leveraging RAKEZ’s business-friendly environment and the specialised infrastructure of the Erisha Hub.
For Ras Al Khaimah: The project will diversify the economy, generate skilled jobs, boost exports, and deepen the emirate’s role in strategic sectors like EVs, semiconductors and sustainable industry.
For the Middle East region: It signals a broader trend of manufacturing relocation and supply-chain diversification away from import depend- ency — aligning with the UAE’s “in-country value” (ICV) and advanced industry ambitions.
About RAKEZ: Ras Al Khaimah Economic Zone is a leading business and industrial free-zone in the UAE that supports more than 38,000 companies operating within the emirate.
About Rana Group: A diversified Indian conglomerate with operations in engineering, infrastructure and mobility, including its electric-vehicle subsidiary Erisha E Mobility.
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