Ras Al Khaimah launches economic zone to attract investors

setup business in ras al khaimah

 

The government of Ras Al Khaimah has recently announced the launch of Ras Al Khaimah Economic Zone (RAKEZ), that will comprise Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA) for overseeing, regulating and consolidating the services and facilities of the two free zones.

That makes of RAKEZ one of the largest economic zones in the region, covering about 33 million square meters of land and hosting over 13,000 companies.

The two leading free zones have already started a collaboration last year by unifying their boards and management teams and the back-office functions in order to streamline their activities and boost service delivery to clients.

By the creation of RAKEZ, there will be a wide range of high level customized facilities for each client besides an enhanced quality of service within five diversified and strategically located zones for all type of businesses, involving startups, entrepreneurs, SMEs and manufacturers.

The economic zone of RAKEZ will further contribute to the economic growth of the Emirate of Ras Al Khaimah, that will be one of the ideal destinations for investments on a global level.

To know more information or to setup business in Ras Al Khaimah Free Trade Zone click here.

To know more information or to setup business in Ras Al Khaimah Investment Authority click here.

 

Mara Di Marco
General Manager, UAEstablishment