10 August 2015
Ras Al Khaimah - Ras Al Khaimah Free Trade Zone (RAK FTZ) has recently connected the newly constructed 100warehouses to the Federal Electricity and Water Authority (FEWA). This shows the free zone's relentless commitment to further enhancing the quality of its infrastructure and facilitating uninterrupted business operations.

"It gives me a great pleasure to announce that RAK FTZ's new warehouses in Technology Park has been successfully plugged into FEWA's power grid. We have been able to energise each warehouse ahead of the actual occupancy by clients," said Eyad Ismail, RAK FTZ's Engineering Manager. "This AED 10 million project underscores our persistence in improving the efficiency of our infrastructureand significantly reducing the costs of running a successful business in RAK FTZ."

In order to directly acquire power from FEWA, RAK FTZ Engineers designed a rugged electrical infrastructure that features 11kV cables and substations, which are at par not only with FEWA's regulations but also with the international electrical standards. This added 5.4 megawatts to the Technology Park's power production capacity.

Mr Ismail explained: "We understand that a permanent power supply is a crucial growth factor for businesses. Power failures cause businesses to a standstill, which means they can be losing profits by the minute. We took the initiative to connect the new warehouses to FEWA in order to provide a secure and sustainable supply of power, at subsidised government prices. This helps our clients avoid any spends and losses due to power blackouts triggered by diesel-powered facilities."

The rapidly growing client portfolio of RAK FTZ, together with robust growth of Ras Al Khaimah's (RAK's) trading and manufacturing industries, has substantially amplified the demand for reliable warehousing facilities. In fact, prior to the launch of the 100 new warehouses, 33 per cent has already been booked.

Celebrating its 15 years of excellence, RAK FTZ has been fullydevoted in granting its clients withdependable, cost-effective, and state-of-the-art infrastructures.

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About Ras Al Khaimah Free Trade Zone
Ras Al Khaimah Free Trade Zone (RAK FTZ) provides award-winning services and world-class facilities, enabling clients to quickly and efficiently set up and grow profitable companies in the United Arab Emirates. Home to more than 8,000 active companies from over 100 countries and over 50 industry sectors, RAK FTZ offers completely tax-free status to its clients, allows for 100 per cent foreign ownership and unrestricted repatriation of profits, in addition to a host of other business-friendly incentives.

Less than an hour's drive from Dubai, RAK FTZ offers significant geographical advantages for clients to easily access markets in the Middle East, Africa, Europe and South Asia. It caters to the unique requirements of small, medium and large businesses with four free zone parks including business centre facilities, offices, warehouses and land for development, as well as facilities for educational institutions. Since its inception 15 years ago, RAK FTZ has diversified from its traditional focus on industrial manufacturing to also support trading, sales and marketing activities, a wide range of service sectors, as well as logistics and distribution platforms. To learn more about RAK FTZ, please visit www.rakftz.com.

Media Contact:
Cleo Eleazar    
Senior Manager - Public Relations & Events
Ras Al Khaimah Free Trade Zone Authority (RAK FTZ)
Phone: +97172077173
E-mail: c.eleazar@rakftz.com

© Press Release 2015