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Royse Furniture Industries Expands Operations in Ras Al Khaimah’s Al Hamra Industrial Zone
Ras Al Khaimah Economic Zone (RAKEZ) recently made a significant announcement, welcoming the establishment of Royse Furniture Industries in its thriving Al Hamra Industrial Zone. With a remarkable investment, Royse Furniture Industries has set up a state-of-the-art factory spanning an impressive 440,000 square feet, focused on the production of exquisite hotel furniture.
Catering to the Growing Market Demand
Expressing his delight, RAKEZ Group CEO, Ramy Jallad, emphasized the advantages of Royse Furniture’s choice to make RAKEZ its home. Jallad stated, “We are thrilled that Royse Furniture selected RAKEZ as the ideal destination for their latest venture. The region offers lucrative opportunities for businesses operating in the luxury real estate and high-end furnishings segment. With the projected doubling of hotel rooms and serviced apartments in Ras Al Khaimah, there is a surging demand for quality furnishings and decor. Royse Furniture is strategically positioned to capitalize on this trend, catering to the needs of a thriving local and regional market.”
Expanding Capacities to Meet Demand
Vice Chairman of Royse Furniture Group, Dr. Rajeev Prasannan, explained the motivation behind the move, stating, “Previously, we operated from a smaller facility catering to a limited number of hospitality clients. However, with our business experiencing rapid growth, we required a larger space, and RAKEZ’s industrial zone provided the perfect location to consolidate our production activities. Our new factory boasts wood, metal, and glass divisions, enabling us to manufacture both indoor and outdoor furniture. With a monthly production capacity of over 1,000 sets of room furniture, we can now cater to a much larger segment of our business partners.”
Acknowledging RAKEZ’s Support
Prasannan expressed his gratitude, highlighting the invaluable support received from RAKEZ throughout the expansion journey. He stated, “The RAKEZ team has been instrumental in our success, providing unwavering support from the initial exploration phase to the seamless set-up process.”
Frequently Asked Questions:
A: Royse Furniture Industries has set up a state-of-the-art factory in RAKEZ’s Al Hamra Industrial Zone, focusing on the production of high-end hotel furniture, tapping into the growing market demand.
A: RAKEZ presents significant opportunities due to the region’s thriving luxury real estate market and the projected doubling of hotel rooms and serviced apartments in Ras Al Khaimah, creating a rising demand for quality furnishings and decor.
A: By relocating to RAKEZ’s industrial zone, Royse Furniture Industries now operates from a larger facility, enabling them to carry out all production work under one roof. This expansion has increased their production capacity, allowing them to cater to a larger segment of their business partners.
A: The new factory encompasses wood, metal, and glass divisions, producing both indoor and outdoor furniture for the hospitality industry.
A: RAKEZ has provided continuous support to Royse Furniture Industries throughout their expansion journey, offering assistance during the exploration phase and facilitating a seamless set-up process.
