RAS AL KHAIMAH, 17 November 2016: Japanese industrial giants, Takenaka Seisakusho and GSI Creos Corporation, have jointly established a Middle East affiliate called ‘TAKENAKA MIDDLE EAST LLC’ (TME) based in Ras Al Khaimah Investment Authority (RAKIA), a government entity of Ras Al Khaimah (RAK). The company, which will manufacture high-tech anti-corrosion materials used primarily in the oil industry, was officially incorporated on 2 November in the emirate.

The RAKIA based operation will expand the manufacturing of the anti-rust products from Japan to be locally produced in RAK, thus saving shipping and distribution costs, and also contributing to the non-oil economy in the emirate. TME production will include the award-winning Takecoat-1000® products and the “nano-technology” based corrosion prevention paint Nanotect®, which is the most advanced of its kind in the world.

On this occasion, Akinori Yukitoshi, President of Takenaka, said “We have researched various locations to establish a Middle East factory for the last three years, but finally opted to incorporate it in RAKIA. This is due to the advantages RAKIA offers from the cost-effectiveness of setting up and operating a business, proximity to seaports, airports, and superhighways as well as the availability of guaranteed utilities including power, water and gas.”

Ramy Jallad, Chief Executive Officer of Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAKIA, expressed his sincere welcome to the Japanese group saying, “It is a great pleasure to see industrial multinationals the size of Takenaka and GSI Creos set up shop with us”. Mr Jallad continued, “The preference of the group to launch their MENA operations in Ras Al Khaimah comes as a result of RAKIA’s customization of products to suit the manufacturing needs of industrial companies, cost-effective facilities, as well as the speed of service delivery with the aim to satisfy all their requirements.”

TME is scheduled to kick-off its manufacturing operations in January 2017 and will distribute its ‘Made in UAE’ products both locally and in the GCC markets.

For further information, please contact:
Cleo Eleazar
Senior Manager – Public Relations & Events
Ras Al Khaimah Free Trade Zone Authority (RAK FTZ)
Phone: +971-7-2077173
E-mail: c.eleazar@rakftz.com

About Ras Al Khaimah Investment Authority:
Ras Al Khaimah Investment Authority (RAKIA) is strategically located at the crossroads of trade and commerce between East and West. Its dedicated staff are providing top-of-the-range business support services, and state-of-the-art facilities to over 500 industrial companies and thousands of SMEs from over 100 countries worldwide. RAKIA’s zero tax policy, zero custom fees and 100% repatriation of profits and its commitment to providing hassle-free pro-client services are powerful incentives for international and regional investors. 

Located at the centre of major logistic hubs like RAK International Airport, Saqr Port and a 45-minute drive to Dubai International Airport, RAKIA houses two high-standard business parks provided with high-tech facilities, warehouses and land plots to support investors in reaching their highest business potential, including clients in the Forbes list of largest companies. To gain more information about RAKIA, please visit www.rakia.ae.

© Press Release 2016