Ras Al Khaimah Economic Zone (RAKEZ) has signed two strategic agreements – with Magrabi Retail Group and Mighty Industrial Park – to set up a store manufacturing centre and the development of a comprehensive China-UAE industrial park.
Magrabi Retail, a leading eyewear retailer in the Middle East, has announced the proposed acquisition of 51% of the issued share capital of the Baraka Optics Group, one of the largest premium optical retail chains in Egypt.