(MENAFN- Khaleej Times) Saverglass - world specialist for manufacturing and decorating luxury bottles - announces €75 million investment in the emirate of Ras Al Khaimah through the guide of Ras Al Khaimah Investment Authority (Rakia) - the government entity - responsible for attracting investments to the free zone and non-free zone facilities of its industrial parks through a complete range of solutions to local and foreign investors.
The French company entails building its first plant in the Middle East.
Karam Al Sadeq, general counsel/deputy CEO of Rakia, said: "The strategic move is the product of a well-studied model that highlights the advantages of setting up operation within Ras Al Khaimah. The success of similar enterprises in the past by like-minded establishments forecasts only success for Saverglass; and we are happy to have them become part of our growing portfolio of foreign investors."
Ludovic de Gromard, deputy project manager of Saverglass LLC, said: "Rakia has lived up to its reputation with its superb flexibility and client-oriented focus."
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.