RAK Ruler Witnesses $50m Expansion Agreement Between RAKEZ and AJT in China

Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, witnessed the signing of a $50 million expansion agreement between Ras Al Khaimah Economic Zone and packaging specialist AJT in China. The agreement supports the scale-up of advanced industrial packaging operations in the emirate. The signing took place during a high-level trade and investment visit to southern China.

Published October 29, 2026 Source: Zawya

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His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, witnessed the signing of a $50 million expansion agreement between Ras Al Khaimah Economic Zone (RAKEZ) and AJT in China, Zawya reported.

The agreement is designed to expand AJT's packaging manufacturing operations and supply capabilities within Ras Al Khaimah's industrial ecosystem, catering to growing regional and international export demand.

The deal was concluded during an official high-level working tour across major economic centres in southern China, including Guangdong and Fujian provinces, led by the Ruler of Ras Al Khaimah.

The expansion aligns with Ras Al Khaimah's broader economic initiative to attract Chinese manufacturing investments, deepen cross-border industrial links, and position the emirate as a strategic hub for global supply chains.