RAK Gets Dh20m Glass Bottle Unit

Shaikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, laid the foundation stone for RAK Gani Glass plant, a pharmaceutical container glass plant to be set up with an investment of $20 million (Dh71 million) at the RAK Industrial Zone at Al Jazeera Al Hamra yesterday.

The new plant, which will have the capacity to produce 600 million bottles per year, is being set up by Gani Glass Ltd, Pakistan's largest glass manufacturer, in collaboration with Ras Al Khaimah Investment Authority (Rakia) and the Startup Group.

Speaking at the ceremony, Shaikh 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 realise their full potential in the emirate."

Imtiaz Ahmad Khan, CEO, Gani Group, said that the construction of the new plant would be completed in 15 months. "The RAK Gani Glass plant will have the 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.

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600450 RAK Gets Dh20m Glass Bottle Unit glassonweb.com
Date: 18 December 2006
Source: Gulfnews.com

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