Rana Group’s $10 Billion Investment in early August 2025: A Game Changer for UAE Manufacturing


The India–UAE economic relationship has been growing rapidly in recent years, and the latest announcement by Rana Group takes it to an entirely new level. The group has committed a $10 billion investment to establish the Erisha Smart Manufacturing Hub in Ras Al Khaimah, UAE — a move that could reshape the industrial landscape of the region.


The Vision Behind the Project

Located on a 335-acre site in the Al Ghail Industrial Area, the hub is not a single factory but a comprehensive industrial ecosystem. It is designed to host around 150 different industries, with an emphasis on innovation-driven sectors.


The core focus areas include:

✅ Electric and hydrogen vehicles – supporting the global shift to cleaner mobility solutions.

✅ eVTOL flying taxis – embracing the next wave of urban transportation.

✅ Semiconductors – addressing one of the most critical global supply chain needs.

✅Renewable energy technologies – enabling the region’s energy transition.


This ambitious project is expected to create over 4,000 skilled jobs in its first phase, with some units already projected to begin production within a year.


Why Ras Al Khaimah Economic Zone (RAKEZ)

The choice of Ras Al Khaimah is strategic. The emirate offers:

✅ World-class infrastructure through its industrial zones

✅ Proximity to global shipping routes, giving manufacturers quick access to markets in the Middle East, Africa, Europe, and Asia

✅ Supportive government policies that encourage industrial investment and innovation


By anchoring such a massive industrial hub here, Rana Group is not only investing in the UAE but also betting on the emirate’s long-term role in global manufacturing.


Strengthening India–UAE Ties

This announcement comes against the backdrop of the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE. The hub is a real-world demonstration of how CEPA is translating into large-scale projects that benefit both economies.


For India: It provides Indian companies with an international base to access global markets.


For the UAE: It accelerates economic diversification beyond oil and positions the country as a leader in advanced manufacturing.


The Erisha Smart Manufacturing Hub is more than an industrial estate; it represents a vision for the future of manufacturing. By focusing on electric mobility, renewable energy, and semiconductors, Rana Group is aligning with sectors that will define the global economy in the coming decades.


As these industries take root in Ras Al Khaimah, we can expect not only job creation but also new opportunities for research collaborations, technology transfer, and supply chain development between India and the UAE.