Royal Gulf Industries to invest AED 62.4mln on constructing used battery recycling centre in Ras Al Khaimah

Ras Al Khaimah, United Arab Emirates: Ras Al Khaimah Economic Zone (RAKEZ) welcomed Royal Gulf Industries, a state-of-the-art lead acid battery recycling company, to its dynamic industrial ecosystem. A subsidiary of Hyderabad Castings Limited and part of Nakhat Group, the new company is set to invest AED 62.4 million (USD 17 million) to construct the UAE’s first environment-friendly automotive battery recycling centre on approximately…