Al Amir Food Industries invests

US$ 9.53mn in RAKEZ

signed agreements for 8 Supramax class vessels and 3 Bangkokmax class container vessels, both for a period of 15 years.

According to Ruhul Amin, through these contracts, the company expects to further enhance its presence in the shipping and logistics industry.

n Al Amir Food Industries’ (AAFI) has set up a 13,500sqm processing unit for healthy pulses and spices in the Ras Al Khaimah Economic Zone (RAKEZ).

With an investment of US$ 9.53mn (AED 35mn) on its new factory in the Al Ghail Industrial Zone, the Indian company will be importing products from Canada, Australia and Russia and exporting to GCC, MENA and East African markets, while wholesaling locally in the UAE. Furthermore, AAFI aims to create 50 new jobs in Ras Al Khaimah over the next three years.

Yasin Abdul Majid Ranani, Managing Director, AAFI, and Ramy Jallad, Group CEO, RAKEZ, inked the deal during a signing ceremony held between the two parties at RAKEZ Compass Coworking Centre.

“Our aim is to enhance the culinary experiences of consumers by introducing an array of flavours, aromas and exotic variations that stimulate taste buds and delight the senses,” commented Ranani.

“Currently we are home to hundreds of F&B companies engaged in agri-tech, manufacturing, packaging and trading, and we will continue enhancing our industrial ecosystem,” remarked Jallad.