Dubai: His Highness Shaikh Saud Bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, yesterday inaugurated an industrial battery manufacturing plant at the Ras Al Khaimah Investment Authority (Rakia) Industrial Park at Al Jazeera Al Hamra.
The inaugural function was attended by Shaikh Mohammad Bin Saud Bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, and M.K. Lokesh, Indian Ambassador to the UAE.
The Eternity Technologies FZ LLC plant, owned by the UAE-based Al Dobowi Group, has been set up with an investment of Dh200 million and is the Gulf region's largest industrial battery plant which will design and develop motive power batteries for use in electric forklift trucks, industrial cleaning machines, access platforms and personnel transport.
With an annual production capacity of one million two-volt cells, the company plans to export 85 per cent of its output to global markets including the US, Europe and Asia, besides servicing the Gulf countries.
Shaikh Saud said: "The opening of this advanced plant is a high point in the development of the industrial sector of RAK and we are delighted to see that Eternity Technologies have brought in most modern R&D technologies to their plant."
He added that the UAE has the geographical advantage of being a gateway to a market of over two billion people, presenting a great incentive for companies to base their operations here.
