THi Holding Management Corporation (THi) has marked a major milestone in its Middle East expansion with the groundbreaking of the THi Ras Al Khaimah Smart Manufacturing Industrial Park, officially launching construction of its first industrial park project in the region.
The development is the first project under THi’s Middle East industrial and real estate platform and forms a central pillar of the company’s long-term strategy to support advanced manufacturing and industrial localisation. The park is being developed on a site spanning more than 300,000 sq m within the Al Hamra area of Ras Al Khaimah Economic Zone (RAKEZ), and is intended to serve high-value manufacturing and industrial companies seeking modern, scalable and high-specification facilities in the UAE.
The groundbreaking ceremony was attended by representatives from local authorities, financial institutions, and regional and international industrial partners, highlighting the project’s strategic importance to Ras Al Khaimah’s broader industrial development ambitions.
Designed as a high-standard industrial development, the THi Ras Al Khaimah Smart Manufacturing Industrial Park will be tailored to the needs of advanced and smart manufacturing sectors. The project is planned to accommodate a range of industries, including new energy, advanced manufacturing, logistics and industrial technology. Sustainability considerations and efficient infrastructure planning have been embedded into the design, reflecting growing demand for environmentally responsible and operationally efficient industrial facilities.
THi will act as developer, asset manager and operator of the project, overseeing the full lifecycle from construction through to long-term management and operations. Construction will be delivered in phases, aligned with tenant requirements and operational readiness, allowing flexibility as market demand evolves.
“The commencement of construction at Ras Al Khaimah marks an important step in THi’s international expansion,” said Frank Wu, Founder of THi. “This project reflects our commitment to bringing our industrial development and operational experience into the Middle East, and to building high-quality industrial platforms that support long-term manufacturing growth and economic diversification in the region.”
The development follows a Memorandum of Understanding signed between RAKEZ and THi in 2024, which established a framework for collaboration in industrial development and education. The agreement supports the creation of advanced manufacturing infrastructure and knowledge transfer in Ras Al Khaimah.
Commenting on the project’s launch, RAKEZ Group CEO Ramy Jallad said, “We are pleased to welcome THi to the emirate and see this project move from strategic intent to on-the-ground delivery. The scale and ambition of this industrial park reflect the confidence global partners place in both RAKEZ and the emirate as a base for advanced manufacturing. Through our collaboration, we are enabling high-value industrial activity, skilled job creation, and long-term industrial innovation aligned with Ras Al Khaimah’s economic priorities.”
Drawing on extensive experience in industrial and manufacturing-focused real estate, THi plans to use the Ras Al Khaimah project as a foundation for further expansion across the Middle East, adapting its global expertise to regional market and regulatory requirements.
THi breaks ground on smart manufacturing park in Ras Al Khaimah
