Ras Al Khaimah is a hub of innovation and entrepreneurship, with many homegrown businesses making local and international waves. Here are five RAK-based businesses you should be aware of:
Julphar
Julphar is one of the largest pharmaceutical manufacturers in the Middle East and North Africa (MENA) region, with a presence in over 50 countries worldwide.
Founded in RAK in 1980, Julphar has grown to become a leading player in the global pharmaceutical industry, with a diverse product portfolio that includes medicines for diabetes, cardiovascular disease, and respiratory ailments. The company’s success can be attributed to its commitment to quality, innovation, and customer satisfaction – and it all started in the Emirate of Ras Al Khaimah.
RAK Ceramics
RAK Ceramics is one of the largest ceramic brands in the world, specializing in ceramic and gres porcelain wall and floor tiles, tableware, sanitary ware and faucets. With the capacity to produce 118 million square meters of tiles, 5.7 million pieces of sanitary ware, 36 million pieces of porcelain tableware and 2.6 million pieces of faucets per year, RAK Ceramics operates 23 state-of-the-art plants across the UAE, India, Bangladesh and Europe.
Founded in 1989 and headquartered in the UAE, RAK Ceramics serves clients in more than 150 countries through its network of operational hubs. The company is publicly listed on the Abu Dhabi Securities
Exchange and has an annual turnover of approximately USD 1 billion.
RAK Petroleum
RAK Petroleum, founded in 2005, is an independent oil and gas exploration and production company. The company operates in the UAE, Oman, and Egypt and focuses on exploring and developing oil and gas resources in the Middle East and North Africa region. RAK Petroleum’s success can be attributed to its expertise in the oil and gas industry, and ability to identify and capitalize on opportunities, and its commitment to sustainable practices.
The Al Hamra Group
The Al Hamra Group is a diversified real estate development and investment company that was founded in RAK in 2003. The company represents a wide portfolio of properties, including residential, commercial, and hospitality projects, and has completed over $1.5 billion worth of developments. Al Hamra Group’s success can be attributed to its focus on delivering high-quality properties that meet the needs of both investors and end-users.
RAK is home to many successful homegrown businesses that have made a name for themselves locally and internationally. These five businesses are just a few examples of the innovation and entrepreneurship that thrive in the Emirate. They show a range of different industries that made it worldwide, from pharmaceuticals and ceramics to real estate, oil, and gas.
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