Royal Gulf Industries to set up $17mln battery recycling centre in RAK

UAE – Royal Gulf Industries, a subsidiary of Hyderabad Castings Limited and part of diversified multi-business Indian conglomerate Nakhat Group, is set to invest AED62.4 million ($17 million) in building a used battery recycling centre on approximately 110,000 sq ft of land at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone (RAKEZ) in Ras Al Khaimah, UAE.

According to RAKEZ, this will be the UAE’s first environment-friendly…