Shyam Middle East Resources FZ-LLC, a subsidiary of India’s prominent Shyam Steel Group, has formalized an agreement with the Ras Al Khaimah Economic Zone (RAKEZ) to establish a premier non-ferrous metals processing and manufacturing facility in the Al Ghail Industrial Zone.
Representing a strategic AED 40 million investment, the project accelerates the Group’s global expansion and integrates its operations into the UAE’s rapidly growing industrial ecosystem. The landmark agreement was signed by Shyam Steel Group Chairman Shri Purushottam Beriwala and RAKEZ Sales Director Mustafa Shaker.
Strategic Infrastructure & Capacity
Spanning a 21,000 m² footprint, the state-of-the-art hub will be actioned in two distinct phases:
- Phase I Operational Timeline: First Quarter of 2027.
- Phase II Operational Timeline: Second Quarter of 2027.
- Production Capacity: Up to 2,000 tonnes per month, specializing in high-grade non-ferrous metals—including lead, aluminum, and copper—alongside specialized alloy production.
- Economic Impact: The venture is projected to generate approximately 150 specialized industrial employment opportunities at full capacity.
Executive Perspectives
“Our expansion into Ras Al Khaimah is dictated by the emirate’s cost-effective operating environment, investor-progressive framework, and seamless global logistics connectivity,” stated Shri Purushottam Beriwala, Chairman of Shyam Steel Group.
RAKEZ Group CEO Ramy Jallad emphasized that the partnership underscores Ras Al Khaimah’s rising prominence as a core manufacturing destination. “The regional surge in infrastructure and construction demands specialized industrial capabilities. RAKEZ remains committed to delivering the ready infrastructure and highly scalable business environment necessary for institutional investors to transition efficiently from setup to high-volume production.”
RAKEZ continues to support industrial investors through its integrated ecosystem, combining flexible solutions, world-class infrastructure, and end-to-end support services that enable businesses to establish, operate, and scale efficiently.
