A Strategic Agreement with Global Intent
Signed under the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi, the agreement grants THi a lease of more than 300,000 square meters of land in the Al Hamra region. This space will be developed into a sophisticated industrial park. The goal is to attract:
- High-tech enterprises
- Smart manufacturing ventures
- Firms from East Asia known for their innovation
This development marks a pivotal step in the long-term economic vision of Ras Al Khaimah. It further strengthens its integration into global supply chains while reinforcing its reputation as a strategic investment destination.
Businesses are partnering with top consultants for their company formation in Singapore, which can open a channel to benefit from the ongoing developments.
Real Estate Developers in Asia Back the Deal
THi will collaborate with SC Capital Partners, an investment management firm headquartered in Singapore to develop this industrial park. SC Capital Partners is known to have deep expertise in real assets.
Let’s have a look at some interesting facts:
- CapitaLand Investment, which owns a 40% stake in SC Capital Partners, adds substantial global weight to the initiative
- With an AUM of more than $100 billion, CapitaLand’s involvement further demonstrates strong institutional confidence in the UAE market
- This coalition brings a powerful combination of capital, capability, and vision to the emirate.
Infrastructure Development and Job Creation
The development of infrastructure is likely to generate substantial economic outcomes for Ras Al Khaimah and the wider UAE.
- Over multiple sectors, over 1,800 new jobs are expected in the coming years
- More than 50 tenants are anticipated within the industrial park
- Core industries include electric vehicles, renewable energy, and advanced materials
Diplomatic and Executive Support Reflects Strategic Value
Prominent stakeholders were present at the signing ceremony, including
- Ramy Jallad, CEO of RAKEZ
- Frank Wu, Founder and Chairman of THi
- H.E. Mohammad Al Hawi, UAE Ministry of Investment
- Senior executives from CapitaLand and SC Capital Partners
