June 22, 2024

Fala Group celebrates decade of excellence in RAKEZ

Facebook
Twitter
LinkedIn
Fala Group's asphalt plant in Al Ghail Industrial Zone, Ras Al Khaimah
Fala Group's asphalt plant in Al Ghail Industrial Zone, Ras Al Khaimah

Fala Group, a leading multinational family business, celebrated a decade of successful operations and accelerated growth in Ras Al Khaimah Economic Zone (RAKEZ).

Founded in 1997 by Ihsan Kerbaj, Fala Group started its business journey in the UAE and swiftly expanded across Syria and Canada. Over the past decade, Fala Group’s operations in Ras Al Khaimah, supported by its strong leadership and robust operational strategies, have witnessed exceptional growth.

Fala Group & RAKEZ logo

In 2012, Fala Group set up with RAKEZ and made a strategic investment of over AED 200 million in a 40,000 m2 facility in Al Ghail. Within a few years, the Group developed an asphalt plant, labour accommodations, offices, and a large fleet of trucks and heavy equipment, including a full in-house garage for their maintenance.

This strategic location allowed Fala Group to significantly expand its operations and competitiveness across the northern emirates. Since 2012, Fala Group’s infrastructure division’s workforce has doubled to nearly 2,000 employees across the UAE alone, successfully contributing to some mega projects such as the extension of Emirates Road, Mebreh mountain road, Yabsa truck Road, and the upgrading of Etihad Road.

Ihsan Kerbaj, Chairman of Fala Group
Ihsan Kerbaj, Chairman of Fala Group

Fala’s Chairman, reflected on his company’s journey, “I landed in the UAE in 1982 with just AED 50 in my pocket, and a dream to build my own company one day. Through honesty, pure clean intentions, hard work, and consistency, we have grown beyond what I could have imagined. This is the ethos that drives Fala Group today.” Kerbaj added, “As we celebrate this milestone, we also acknowledge and appreciate RAKEZ’s unwavering support since 2012. We are eager to strengthen this relationship further in the pursuit of new growth opportunities and operational excellence.”

RAKEZ Group CEO Ramy Jallad
RAKEZ Group CEO Ramy Jallad

RAKEZ Group CEO Ramy Jallad said, “We have watched Fala Group grow, innovate, and succeed, consistently over the years proving their commitment to excellence and driving significant development in the region. Their story inspires and sets a benchmark for the other players in our industrial ecosystem. We at RAKEZ are proud to be a part of their journey and are looking forward to supporting their continued progress in the years to come. We are certain that with their remarkable business acumen, Fala Group will continue to bring value to Ras Al Khaimah and the wider UAE.”

Fala Group currently operates in a wide array of sectors, including construction, asphalt plant, real estate, agriculture, education, food and beverage, medical trading, cold storage facility, e-commerce, plastic industries, fencing factory, and building materials and demolition. In the coming years, the company plans to further invest in Ras Al Khaimah, diversify its business portfolio, and capitalise on promising growth opportunities.

Source

Also read:

Maxtron Show Lighting elects RAKEZ for establishing Manufacturing Unit in ME

MoIAT and RAKEZ collaborate boosting industrial expansion and investments

Etihad Credit Insurance partners with RAKEZ to boost economic diversification

Share.

RELATED POSTS

Soraya Mansour, Vice CEO, Metro Markets Company - Ismail Hafez, Co-Founder & COO, Rabbit.
Rabbit partners with Metro Markets
Ooredoo Kuwait expands its footprint with a new branch at Khiran outlet mall
Ooredoo Kuwait strengthens its presence by opening a new branch
Abdel Hadi Al Sa’di, Chief Executive Officer, BHM Capital.
BHM Capital inks agreement with Tawasal SuperApp
  • Tamkeen Insurance banner
  • International Assurance

LATEST POSTS

Sprhava 887x444
Schneider Electric And Aveva Forges Partnership With IN-CORE Systèmes To Boost EV Battery Production Process
Aditum and Standard Chartered partner on first-of-its-kind fund structure wherein Ten funds approved; four already funded
Azizi Developments And Xylem Partnership For Riviera, Vista And Beach Oasis with the most technologically advanced, high-quality transfer-, booster-, and chilled-water pumps and sump pumps