Shyam Steel Group is expanding its Middle East operations with an AED40 million investment in a new non-ferrous metals processing and manufacturing facility at Ras Al Khaimah Economic Zone (RAKEZ).
The project, led by Shyam Middle East Resources FZ-LLC, marks a significant step in the group’s international growth strategy as it seeks to strengthen its regional industrial footprint and capitalize on rising demand across the Gulf’s manufacturing and infrastructure sectors.
The agreement was formalized during a signing ceremony at RAKEZ’s Compass Coworking Center attended by Shyam Steel Group Chairman Purushottam Beriwala and RAKEZ Sales Director Mustafa Shaker.
The new facility, spanning approximately 21,000 square meters at Al Ghail Industrial Zone, will be developed in two phases. The first unit is expected to begin operations during the first quarter of 2027, with the second phase scheduled for completion in the following quarter.
The plant will focus on processing and manufacturing non-ferrous metals, including lead, aluminum, and copper, as well as alloy production from non-ferrous ingots.
The facility is projected to achieve production capacity of up to 2,000 tonnes per month and is expected to create around 150 jobs once fully operational.
Beriwala said the company selected Ras Al Khaimah due to its business-friendly environment, efficient industrial infrastructure, and strong global connectivity.
“Our decision to establish operations in Ras Al Khaimah was driven by its cost-effective operating environment, investor-friendly policies, and strategic connectivity to global markets,” Beriwala said.
“This investment marks an important milestone in strengthening the group’s presence in the Middle East and expanding into new international markets.”
Ramy Jallad said the investment reinforces Ras Al Khaimah’s growing position as a regional manufacturing and industrial hub.
“Demand for industrial materials and metal processing continues to grow alongside the region’s construction, infrastructure, and manufacturing sectors, creating strong opportunities for specialized industrial operations,” Jallad said.
He added that RAKEZ continues to focus on helping investors scale efficiently through integrated infrastructure, streamlined business support, and industrial-ready facilities.
The investment comes amid increasing industrial expansion across the UAE as manufacturers continue to diversify regional supply chains and strengthen domestic production capabilities.
With inputs from WAM
