RAKEZ and India’s Rana Group have signed a lease to develop the Erisha Smart Manufacturing Hub — a proposed 15 million sq ft, mixed‑use campus the partners say could attract about US$10bn of investment and house semiconductors, EVs, hydrogen vehicles, renewables and eVTOL production. The announcement outlines large projected GDP and job impacts, but key details on anchor tenants, financing, infrastructure delivery and timelines remain unconfirmed.
RAKEZ has inked a major partnership with India’s Rana Group to develop the Erisha Smart Manufacturing Hub—a sprawling, mixed‑use industrial and technology campus that the partners say will speed Ras Al Khaimah’s push into green energy and advanced manufacturing. The deal aims to create a large, multi-use complex that blends industry with living and services. Honestly, the scope is big.
According to media reports announcing the venture, the development will cover about 15 million square feet, with roughly 25 million square feet of total construction area spread across the Al Ghail Industrial Park. Several outlets also cite around 335 acres for the site; the two figures line up reasonably well (15 million sq ft is about 1.39 million square metres, roughly 344 acres). The partners say the hub will accommodate more than 150 industries and will pair industrial, residential, and commercial zones, including hospitals, medical colleges, retail, warehouses, offices, and community facilities.
The project is pitched around a cluster of cutting‑edge sectors. Core activities reportedly include the production of electric and hydrogen vehicles, renewable energy technologies, eVTOL (electric vertical take‑off and landing) aircraft, and semiconductor manufacturing—areas that regional authorities and private developers have been courting as the UAE diversifies its economy beyond hydrocarbons. RAKEZ Group CEO Ramy Jallad told UrduPoint that “Ras Al Khaimah continues to establish itself as a fertile base for technological innovation and sustainable development.” It’s a bold claim, to be sure.
Several trade and industry outlets highlighted the scale with headline figures. ETManufacturing and other specialized publications mention roughly US$10 billion in projected investment, a potential US$5–6 billion contribution to GDP, and the creation of around 4,000 jobs. These numbers are presented as projections rather than confirmed commitments, so they should be read as estimates of impact rather than finalized transactions.
Erisha E Mobility, the Rana Group’s electric‑vehicle unit, will use the hub as a gateway for expansion into the Middle East and Africa while strengthening its foothold in India. Dr. Darshan Rana, chairman and managing director of Erisha E Mobility, said the venture “will be at the forefront of the green energy revolution,” according to UrduPoint, and described the project as advancing the UAE’s net‑zero goals.
The agreement was formalised during a lease signing at the Compass coworking centre, per TradeArabia, signaling early‑stage commitments rather than the start of large‑scale construction. The scheme is described as ambitious in scope: beyond manufacturing floors, the masterplan envisions a self‑contained ecosystem with education and healthcare elements, logistics and retail—a model Gulf analysts increasingly favor to co‑locate talent, supply chains, and community services.
Industry watchers caution, however, that some targeted sectors—most notably semiconductor fabrication and eVTOL production—are capital‑intensive and rely on complex supply chains, reliable utilities (notably stable power and water), and long‑term policy and incentive frameworks. Attracting fabricators and tier‑one aerospace suppliers typically requires bespoke incentives, skilled workforce development, and confirmed off‑take arrangements. The media reports do not lay out a timetable for construction, nor do they disclose firm anchor tenants or the precise sequencing of infrastructure delivery.
RAKEZ emphasises its readiness to host advanced industry via existing infrastructure and a business‑friendly regulatory environment. Whether the promised investment profile and employment numbers will materialise will depend on later stages: detailed masterplanning, regulatory approvals, ground‑works, financing, and successful tenant commitments. The public statements from the partners and the surrounding coverage underline the ambition; in the coming months and quarters, it remains to be seen how quickly that ambition turns into tangible ground‑level development.
Source: Noah Wire Services
- https://www.urdupoint.com/en/middle-east/rakez-rana-group-to-set-up-erisha-smart-manu-2027260.html – Please view link – unable to able to access data
- https://www.urdupoint.com/en/middle-east/rakez-rana-group-to-set-up-erisha-smart-manu-2027260.html – UrduPoint reports that Ras Al Khaimah Economic Zone (RAKEZ) has signed a landmark partnership with India’s Rana Group to establish the Erisha Smart Manufacturing Hub. The development will span about 15 million ft² with a total construction area near 25 million ft² across Al Ghail Industrial Park, supporting over 150 industries. It will focus on electric and hydrogen vehicles, renewable energy, eVTOL aircraft and semiconductor production, and will include mixed-use facilities such as hospitals, medical colleges, retail, warehouses and offices. RAKEZ CEO Ramy Jallad and Erisha E Mobility’s Dr Darshan Rana are quoted highlighting sustainability, job creation and regional expansion.
- https://manufacturing.economictimes.indiatimes.com/news/industry/rakez-and-rana-group-partner-to-develop-erisha-smart-manufacturing-hub-in-ras-al-khaimah/123119081 – ETManufacturing details RAKEZ’s partnership with Rana Group to develop the Erisha Smart Manufacturing Hub, describing a mixed-use, tech-focused project spanning 15 million square feet with 25 million square feet of construction. The hub is planned to host more than 150 industries concentrating on electric and hydrogen vehicles, renewable energy, eVTOL aircraft and semiconductor fabrication. Located across 335 acres, the development will combine industrial, residential and commercial elements including hospitals, colleges, retail and warehouses. ETManufacturing cites projected investment of US$10 billion, estimated GDP contribution of US$5–6 billion and creation of about 4,000 jobs, with comments from Ramy Jallad and Darshan Rana.
- https://technicalreviewmiddleeast.com/manufacturing/smart-manufacturing-hub-launched-in-ras-al-khaimah – Technical Review Middle East describes the Erisha Smart Manufacturing Hub agreement between RAKEZ and India’s Rana Group, intended to accelerate industrial innovation and sustainability in Ras Al Khaimah. It reports the hub will occupy 15 million ft² with approximately 25 million ft² of building area across 335 acres, accommodating more than 150 industries. Core sectors listed include electric and hydrogen vehicles, renewable energy, eVTOL aircraft and semiconductor manufacturing. The mixed-use scheme will integrate industrial, residential and commercial zones with hospitals, medical colleges, retail, warehouses and offices. The article notes an anticipated US$10 billion investment and creation of around 4,000 jobs.
- https://www.autocarpro.in/news/rakez-and-rana-group-announce-partnership-for-erisha-smart-manufacturing-hub-in-ras-al-khaimah-127917 – Autocar Professional reports RAKEZ and Rana Group have partnered to launch the Erisha Smart Manufacturing Hub in Ras Al Khaimah, highlighting the project’s aim to boost clean energy, advanced manufacturing and economic diversification. The hub is described as covering 15 million square feet with construction near 25 million square feet across 335 acres, accommodating over 150 industries in sectors such as electric and hydrogen vehicles, renewable energy, eVTOL aircraft and semiconductors. The development will include mixed-use components — residential, commercial, healthcare, education, retail and logistics — and is anticipated to attract US$10 billion investment and create thousands of new jobs.
- https://www.tradearabia.com/News/435495/India%27s-Rana-Group-to-set-up-Smart-manufacturing-hub-in-Ras-Al-Khaimah – TradeArabia reports that RAKEZ has agreed a landmark partnership with India’s Rana Group to establish the Erisha Smart Manufacturing Hub, facilitating expansion of Rana’s EV arm Erisha E Mobility into the Middle East and Africa while bolstering its Indian operations. The hub is described as a state-of-the-art facility in Al Ghail Industrial Park covering approximately 15 million sq ft and supporting more than 150 industries focused on electric and hydrogen vehicle production, renewable energy and semiconductor manufacturing. The mixed-use development will combine industrial, residential and retail components, and the agreement was formalised during a lease signing at Compass coworking centre.
- https://www.arnnewscentre.ae/en/news/business/rak-economic-zone-signs-deal-to-establish-tech-focused-industrial-hub/ – ARN News Centre covers the RAKEZ–Rana Group agreement to create the Erisha Smart Manufacturing Hub, describing a 15 million ft² facility with approximately 25 million ft² of construction area. The hub will concentrate on pioneering technologies including electric and hydrogen vehicle production, renewable energy, eVTOL aircraft and semiconductor manufacturing, expected to support more than 150 industries. ARN highlights inclusion of industrial, residential and commercial spaces with hospitals, medical colleges, shopping complexes, hypermarkets, warehouses and offices. The report quotes RAKEZ Group CEO Ramy Jallad praising Ras Al Khaimah’s infrastructure and environment for such forward-thinking initiatives, and notes thousands of projected jobs.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
10
Notes:
The narrative is fresh, with the earliest known publication date being August 5, 2025. ([manufacturing.economictimes.indiatimes.com](https://manufacturing.economictimes.indiatimes.com/news/industry/rakez-and-rana-group-partner-to-develop-erisha-smart-manufacturing-hub-in-ras-al-khaimah/123119081?utm_source=openai)) The report is based on a press release, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were found. The content has not appeared elsewhere more than 7 days earlier. The article includes updated data and does not recycle older material.
Quotes check
Score:
10
Notes:
The direct quotes from Dr. Darshan Rana and Ramy Jallad are unique to this report, with no identical matches found in earlier material. This suggests potentially original or exclusive content.
Source reliability
Score:
6
Notes:
The narrative originates from UrduPoint, which is not widely recognised as a reputable organisation. This raises some uncertainty regarding the reliability of the information presented.
Plausability check
Score:
8
Notes:
The claims about the Erisha Smart Manufacturing Hub align with information from other reputable outlets, such as ETManufacturing and Technical Review Middle East. ([manufacturing.economictimes.indiatimes.com](https://manufacturing.economictimes.indiatimes.com/news/industry/rakez-and-rana-group-partner-to-develop-erisha-smart-manufacturing-hub-in-ras-al-khaimah/123119081?utm_source=openai), [technicalreviewmiddleeast.com](https://technicalreviewmiddleeast.com/manufacturing/smart-manufacturing-hub-launched-in-ras-al-khaimah?utm_source=openai)) The project details, including the scale, investment, and focus on advanced manufacturing sectors, are consistent across sources. However, the lack of coverage from more widely recognised outlets like the Financial Times, Reuters, or the BBC suggests a need for further verification.
Overall assessment
Verdict (FAIL, OPEN, PASS): OPEN
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
While the narrative presents fresh and potentially original content, the reliance on a less reputable source and the absence of coverage from more widely recognised outlets raise concerns about its reliability. Further verification from established news organisations is recommended to confirm the accuracy of the reported information.
