Smart manufacturing hub launched in Ras Al Khaimah

Ras Al Khaimah Economic Zone (RAKEZ) has signed a landmark partnership with India’s Rana Group to launch the Erisha Smart Manufacturing Hub, a transformative project aimed at advancing the region’s industrial and sustainability landscape.

The collaboration supports the Middle East and Africa expansion of Rana Group’s EV arm, Erisha E Mobility, while reinforcing its business base in India.

Spanning 15 million ft² with a construction area of roughly 25 million ft², the hub will support more than 150 industries and focus on future-forward technologies, including electric and hydrogen vehicles, renewable energy, EVTOL aircraft, and semiconductor production.

The integrated development, covering 335 acres, will blend industrial, residential, and commercial infrastructure, featuring hospitals, medical colleges, shopping centres, hypermarkets, offices, warehouses, and financial institutions.

Creating job opportunities

With an expected investment of US$10bn, the project is forecast to contribute US$5-6bn to the UAE’s GDP and create approximately 4,000 jobs in Ras Al Khaimah.

Erisha E Mobility Chairman and Managing Director Dr Darshan Rana commented, “We are thrilled to partner with RAKEZ and bring Erisha Smart Manufacturing Hub to life. This project will be at the forefront of the green energy revolution, contributing significantly to the UAE’s net zero ambitions and creating a self-sustainable future. Our goal is to set new benchmarks in sustainable industrialisation, driving innovation while supporting the global transition to cleaner energy solutions.”

RAKEZ Group CEO Ramy Jallad said, “Ras Al Khaimah continues to establish itself as a fertile base for technological innovation and sustainable development. With its robust infrastructure, strategic location, and dynamic business environment, the emirate is well-positioned to support forward-thinking initiatives like Erisha Smart Manufacturing Hub.

While this integrated Hub will drive economic diversification, it will also create thousands of new jobs, promoting long-term growth and reinforcing Ras Al Khaimah’s leadership in green energy and advanced manufacturing.”

In a press statement, the companies said, "This partnership underscores a shared commitment to driving sustainability, innovation, and economic growth. RAKEZ, with its world-class infrastructure and commitment to fostering business success, provides the ideal platform for Erisha E Mobility’s global expansion, ensuring that the Hub will be a catalyst for progress in the UAE and beyond."

Earlier this month,RAKEZ partnered with UAE-based fintech firm Peko to introduce a suite of automated services designed to simplify daily business operations. Accessible through RAKEZ’s client portal, the tools cover invoicing, payroll, utility payments, and business travel bookings, which offer small and medium businesses enhanced convenience and operational control.

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