After business powerhouses Dubai, Abu Dhabi and Sharjah, it is now Ras Al Khaimah’s turn to transform itself into a high-reverberating engine of progress.
The emirate is combining its natural resources, natural beauty and manufacturing potential with the aim of lofting itself as a business hub of no mean standard.
Already, Ras Al Khaimah has been raising eyebrows. It has one of the world’s largest manufacturers of ceramic tiles (RAK Ceramics) and one of the region’s most prominent pharmaceutical producers (Julphar, the Gulf Pharmaceutical Industries Company).
The emirate bids fair to assume the role of a real estate hot spot with developers sensing there is immense potential for catering to top-drawer housing and leisure markets.
Global output of stainless steel long products, used mainly in energy and petrochemical industries, is set to return to pre-crisis levels in 2011 as demand recovers, a senior industry analyst told Reuters.
Foster Wheeler AG's Global Engineering and Construction Group has been awarded a project management consultancy (PMC) contract by Gulf Farabi Petrochemical Company for its Linear Alkyl Benzene (LAB) plant expansion at Jubail.
Market Trends
Global output of stainless steel long products, used mainly in energy and petrochemical industries, is set to return to pre-crisis levels in 2011 as demand recovers, a senior industry analyst told Reuters.
Foster Wheeler AG's Global Engineering and Construction Group has been awarded a project management consultancy (PMC) contract by Gulf Farabi Petrochemical Company for its Linear Alkyl Benzene (LAB) plant expansion at Jubail.
