Located in the northern part of the emirates, Ras Al Khaimah (RAK) is the fourth
largest of the seven emirates that form the United Arab Emirates. Ruled by H.H.
Sheikh Saqr Bin Mohammad Al Oasimi since 1948, RAK is endowed with enormous resources,
and with vast reserves of raw materials. RAK's geographic location, at the approach
to the Arabian Gulf and the Gulf region of the Middle East, places it at the crossroads
of international maritime traffic.
Under the guidance of the Crown Prince H.H Sheikh Saud Bin Saqr Al Qasimi, the RAK
government has embraced the concept of free enterprise as a vehicle for progress
and development. The government is proactive in its approach for attracting foreign
investments by creating an incentive based environment and a suitable climate for
investment. The Emirate registered a GDP growth of 18.1% in 2005.
RAK offers excellent investment opportunities in diverse ever-growing economic areas.
The following sectors offer attractive investment avenues:
- International maritime related industries and services, including
maintenance and fabrication works for the shipping sector, catering to regional
and international market requirements.
- Warehousing, cold stores, transport and distribution services
of foodstuffs and commodities, packaging for local and re-export purposes.
- Tourism projects and promotion. Ras Al Khaimah has tremendous
potential in the tourism sector which is all set to become the sunrise industry
in the Emirate. Its unique natural resources including hot mineral springs, mountains,
sand dunes and picturesque locations and greenery provide attractive investment
opportunities.
- Mining, minerals exploration, extraction and quarrying projects.
- Agro-industries related investment areas (food industry and
dairy production).
- The establishment of RAK Free Trade Zone, which offers full
ownership, full exemptions from tax and commercial levies and 100 % repatriation
of capital and profits, has been a major milestone in attracting global investors.
If you are a prospective investor looking forward to setting up business in RAK,
please contact our office to discuss your business plans with us. We assure you
of our most preferred services and together we can realize our dreams in this land
of promise.