Rakia and RMMI present integrated minerals and metals strategy to Indonesian President

The presentation which was made in the presence of His Highness Sheikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah highlighted the leading role the emirate plays in the growth of the industrial sector of the UAE and its strategic plans to expand its investment footprints across the world in the minerals and metals sector.

His Highness Sheikh Saud Bin Saqr Al Qasimi said: "Investments in the minerals and metals sector is a crucial component of our global growth plan and RMMI will spearhead the investment strategy in this sector which offers tremendous opportunities for growth. Indonesia is a partner in our endeavors in this sector and we are confident to deepen our engagement in the Indonesia."

RMMI recently signed an MoU with the Government of South Sumatra Province, Indonesia for "the cooperation for Tanjung Api-Api Port, Industrial City, Industrial Parks with other supporting facilities in the Banyuasin Regency, South Sumatra Province". The MoU, among others envisages building industrial park for metals refining, smelting and metal based fabrication industries, bio technology parks, Palm, rubber and other agro-based industries, captive power plants and supporting infrastructure.

RMMI's investment in Indonesia - a commitment of US$1.5 billion - is a key step in the company's strategy to scout for potential growth zones in Asia. The support from the government of Indonesia has been invaluable towards the development of the resource-rich Sumatra. Another subsidiary of Rakia, RAK Ceramics sources clay from Indonesia for all its projects in the UAE, India and Bangladesh.

Close on the heels of the Indonesia MoU, RMMI as part of expanding its footprints has also announced investing $250m in the Democratic Republic of Congo.

The high-level presentation was also attended by Mr. Madhu Koneru, Managing Director, RMMI, Dr. Khater Massad, Chairman, RMMI and Advisor to H.H. Sheikh Saud bin Saqr Al Qasimi, Deputy Ruler & Crown Prince of Ras Al Khaimah

Rakia and RMMI have been formed under the patronage of His Highness Sheikh Saud Bin Saqr, Al Qasimi, Crown Prince and Deputy Ruler of Emirates of Ras Al Khaimah. Rakia has developed state-of-the-art Industrial Free Zone and support infrastructures in Ras Al Khaimah wherein it has attracted investment in surplus of US$ 5 billion in last 2 years.