Ras Al Khaimah Economic Zone (RAKEZ) has recently added US-based Caresoft Global into its portfolio of growing businesses.
Caresoft Global is a global leader in automotive benchmarking and engineering solutions for product development, cost optimization, and manufacturing process engineering. The company has a 7,300-square-meter facility in Al Hamra Industrial Zone and plans to hire 100 engineers in Ras Al Khaimah.
Caresoft was established in 2007 and now has a presence in over 15 locations across North America, Europe, China, India, and Southeast Asia. The newly opened RAKEZ facility is part of a larger expansion plan to meet the growing demand for reverse engineering solutions in the Middle East and North Africa (MENA) markets.
Mr. Mathew Vachaparampil, Chief Executive Officer Caresoft Global pointed out that “we are excited about our newest venture. The MENA market is very promising, and with continuous infrastructure improvements in the region, our services can add value to various construction projects and open up more opportunities for the talent pool in Ras Al Khaimah.”
Welcoming the new incorporation, Mr. Ramy Jallad, Group Chief Executive Officer, RAKEZ remarked that “in 2019, we launched our industrial strategy which aims to further develop the manufacturing sector of Ras Al Khaimah as well as increase the jobs within the segment. In line with this goal, we have introduced various new infrastructure and projects to attract more reputable industrial brands to the Emirate. Hence, the joining of Caresoft Global to our portfolio is among our milestones in this continuous journey. We are looking forward to supporting more manufacturers, traders, logistic providers, and the entire supply chain businesses that want to take advantage of the booming opportunities in the region.”