Dubai PR Network, Online Press Release from Dubai and Middle East
 
Automobile & Motoring(Automobile)
Filter PR by
  
Indian automobile manufacturer invests AED 40 million at RAKEZ
 

Ras Al Khaimah, 1 November 2017:  Auto Bus Laser LLC, a newly established commercial vehicle parts manufacturer, has joined Ras Al Khaimah Economic Zone’s (RAKEZ) bustling family of industrialists in its Al Ghail Industrial Zone. The company has been set up to exclusively support Ashok Leyland’s operations by supplying bus bodies, engines, exhausts, clutches, breaks, radiators, and other vehicle parts. 

With around AED 40 million worth of investment, Auto Bus Laser has acquired a massive 20,100 square metre of land at RAKEZ’s Al Ghail Industrial Zone where the company will construct a state-of-the-art facility that will house the next generation of laser machines. 

Commenting on the company’s establishment, Auto Bus Laser’s Chief Executive Officer Raman Macker stated: “We are very happy to embark on this new venture with Ashok Leyland as together, we will be producing commercial buses that are truly robust and reliable. We want to thank RAKEZ for providing us with a seamless business set-up experience. It’s no wonder Ashok Leyland has been here for over a decade.”

Ramy Jallad, Group CEO of RAKEZ, RAK Free Trade Zone and RAK Investment Authority, welcomed the new company saying: “At RAKEZ, we encourage synergies between the companies operating in our specialised zones. Hence, we are excited that Ashok Leyland has introduced RAKEZ to Auto Bus Laser as an ideal manufacturing hub. Having these two commercial buses and parts manufacturers in our Al Ghail Industrial Zone can further attract other related businesses, forming a mini cluster of collaborating vehicle makers.” 

Jallad pointed out that the joining of Auto Bus Laser to the over 600 industrialists operating at RAKEZ only proves that the economic zone is trusted by large enterprises from around the globe. “We are committed to provide fit-for-purpose solutions to companies that chose to base their operations with us. It doesn’t matter whether they are entrepreneurs, small businesses or manufacturers. Our commitment is to facilitate their growth in a cost-effective environment and help them easily access the vast opportunities that the Middle East region has to offer,” he said.

Auto Bus Laser’s production plant will be developed in three phases and is expected to commence operations on January 2018. 


Posted by : Dubai PR Network Editorial Team
Viewed 11425 times
PR Category : Automobile
Posted on : Wednesday, November 1, 2017  3:48:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Jaguar's Stellar Dubai International Motor Show Line-up Will...
Next Story : Premier Motors Supports 2nd USIP World Police Games
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Let It Glow [16537-Views]
Filorga Launches FLASH-NUDE Collection [13530-Views]
Let All Your Photos Be Merry & Bright [12560-Views]
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of the precisio... [12145-Views]
HP ProBook x360 11 G3 and G4 Education Edition [11810-Views]
Chrono 4 Grande Taille - an extra-special timepiece [10901-Views]
PopSockets launches a new collection with crystals from Swarovski, the must-have accessory... [10242-Views]
30 Years of Ryder Cup Heroes Confirmed for the 30th Edition of the Omega Dubai Desert Cla... [10016-Views]
Maintain Healthy Skin Year Round [9711-Views]
Free gold coins at Malabar Gold & Diamonds Festival [7643-Views]
American Eagle Is the Go-to Destination for Gifting This Holiday Season' [7631-Views]
MIDO Baroncelli Lady Day & Night collection [7338-Views]
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Palm Jumeirah [6149-Views]
GAZOO Racing Wins Australia Rally at FIA World Rally Championship [6130-Views]
Newby Teas Launches Advent Calendar For Christmas 2018 [6063-Views]
The Interiors Gift Guide with Home and Soul [5728-Views]
Tissot Chemin des Tourelles [5722-Views]
Growth and inclusivity drive Avaya's channel strategy for 2019 [5380-Views]
Time For Enchanting Moments [4941-Views]
Holiday Handbags | GUESS [4575-Views]
BharatMatrimony launches office in Dubai targeting 2 Million Indians [4441-Views]
Get Ready for Party Season with Lottie's new make-up hits [3745-Views]
Festive Gift Sets from Bubble T [3721-Views]
France Attractiveness Scoreboard 2018 Released [3703-Views]
24 Karat Gold Elixir by Mehrunisa Launches in the UAE Beauty Market [3678-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories