Business & Money | Wednesday 4 September, 2019 5:00 am |

Ras Al Khaimah Economic Zone (RAKEZ) has recently added another giant Indian conglomerate to its client portfolio – Motherson Sumi Systems Ltd (MSSL), one of the global leaders in the field of automotive wire manufacturing. MSSL’s RAKEZ-registered subsidiary, Motherson PKC Harness Systems FZ- LLC, is set to produce a broad portfolio of products including wiring harnesses, rear mirrors for passenger cars, injection moulded products, and many more from its RAKEZ manufacturing unit.

MSSL has recently held a ground breaking ceremony at RAKEZ Al Hamra Industrial Zone to mark the beginning of the construction of its factory which is presently being built on a land that stretches to over 21,000 m2. The company’s operations is expected to officially commence on the 2nd quarter of 2020.

Vivek Chaand Sehgel, Chairman of MSSL, said: “We are very glad to have taken this important step of setting up our manufacturing facility in the fast-growing emirate of Ras Al Khaimah, providing us with a great opportunity for a larger exposure to the global markets through RAKEZ. We are truly proud to be working in conjunction with RAKEZ, which is among the leading economic zones in the region.”

Welcoming MSSL to the RAKEZ family, Ramy Jallad, Group CEO of RAKEZ, said: “Manufacturing makes up to 26% of Ras Al Khaimah’s GDP. This very industry is among the leading contributors to the emirate’s stability and strength in tackling economic headwinds. Thus, we consider the coming of Motherson to our thriving industrial ecosystem as another significant milestone in our commitment to underpinning the industrial growth in the emirate. I’m positive that Motherson is just one of the great additions we are going to have this year. We will be conducting more roadshows in various countries to target multinational companies to set up in RAKEZ and enjoy all the cost, operational and logistical benefits that we offer to our investors.”