Ras Al Khaimah is one of the seven emirates that comprise the United Arab Emirates (UAE), along with Dubai and Abu Dhabi. Less than an hour’s drive from Dubai. RAK offers a strategic geographical location that helps companies easily take advantage of the trade flows between East and West.
In recent years, Ras Al Khaimah has witnessed tremendous economic growth and has developed as a global manufacturing destination, which arose from the leadership of His Highness Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah. Today, Ras Al Khaimah has the highest level of industrialization in the UAE, with manufacturing at 26% of the GDP. Strong diversification across multiple sectors has also taken place in the emirate, including not only manufacturing but also services, trading, and tourism.
To further maintain the emirate’s position as a beacon for global entrepreneurship and innovation as well as provide broader business opportunities and incentives to investors, Ras Al Khaimah Economic Zone (RAKEZ) was launched.
RAKEZ, a powerhouse business and industrial hub
RAKEZ is a powerhouse business and industrial hub that offers wide-ranging customizable solutions to investors from all over the globe. Presently, RAKEZ houses over 15,000 multinational companies and thousands of freelancers from more than 100 countries, covering over 50 industries, making it one of the largest economic zones in the region.
RAKEZ uniquely offers free zone and non-free zone entity formations and provides its clients easy access to fast-growing markets in the Middle East, North Africa, Europe, and South, and Central Asia through the major logistical hubs available in the emirate.
– An international airport;
– Multi-lane superhighways that connect to the rest of the emirates and neighboring countries;
– And five seaports, led by Saqr Port, the largest bulk-handling port in the Middle East.
The authority is a customer-focused entity offering a high level of ‘ease of doing business’ through its simplified business set-up processes and first-class services in one-stop shops. From licensing, visa, leasing and other support services, clients can accomplish everything in one location. RAKEZ one-stop shops also serve as a focal point to various government entities, relieving the clients from the task of approaching various entities just to submit their applications.
Committed to meet individual company needs, RAKEZ provides a variety of facility choices. For entrepreneurs, startups and freelancers, the economic zone offers cost-effective shared workstations. SMEs looking to build a permanent presence in the market can choose from offices of various sizes located in premier business centers. Manufacturers and traders, on the other hand, can set up their operations in RAKEZ’s state-of-the-art warehouses or build their own facilities in land plots of unlimited sizes.
6 specialized zones
RAKEZ has six specialized zones to cater to various industries, these include:
– Al Nakheel and Al Hamra Business Zones for the service and commercial industries;
– Al Hamra, Al Ghail and Al Hulaila Industrial Zones for manufacturing and large industrial projects;
– and RAKEZ Academic Zone for educational institutions and service providers.
In addition to a wide range of customizable solutions for existing clients and potential investors, RAKEZ offers far-reaching support with three local offices in Ras Al Khaimah, Dubai and Abu Dhabi, and international offices in India and Germany.
A leading economic zone, RAKEZ is dedicated to global attracting investors to underpin Ras Al Khaimah’s thriving economy and nurture them in its cost-effective ecosystem where businesses effectively collaborate and grow.
Click here for more information about the Free Zone or call us +971 58 514 2021
Leave a Reply