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Ras Al Khaimah - In an effort to substantially reduce clients' electricity bills, Ras Al Khaimah Free Trade Zone (RAK FTZ) has connected all its remaining warehouses and staff accommodations in the RAK FTZ Technology Park to the Federal Electricity & Water Authority (FEWA) national grid.The move will ensure smooth and uninterrupted power supplyto RAK FTZ clients throughout the year.
"Our clients in the Technology Park will see a significant reduction in their operating expenses, while enjoying a better quality and consistency of power," said Eyad Ismail, Head of RAK FTZ's Engineering Department. "The Technology Park's new connection to the FEWA grid is in line with RAK FTZ's mission to provide the best facilities and services to our clients while reducing their costs, allowing them to maximise their profits."
RAK FTZ has built a power infrastructure that includes eight substations and a switching station so that the Technology Parkcan receive power directly from FEWA and be fully configured for upcoming RAK FTZ expansion projects. The RAK FTZ Technology Park caters to trading and light industrial manufacturing activities. The new power infrastructure is built according to FEWA's international standards to ensure the highest quality infrastructure for RAK FTZ clients.
"As the Technology Park grows, FEWA will expand its network to accommodate the growth of the free zone and its clients," Mr Ismail said. "FEWA has a growing network in the Northern Emirates, with many power plants and a network of power infrastructure. Permanent power will allow the clients to work in shifts and enhance the power capacity of their facilities. This new connection to FEWA will further assist our clients in growing their profitable companies in RAK FTZ."
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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 and South Asia. It caters to the unique requirements of small, medium and large businesses with three business parks including business centre facilities, offices, warehouses and land for development, as well as the affiliated RAK Academic Free Zone 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. In addition, the RAK Academic Free Zone is home to a wide variety of educational institutions and service providers.
To learn more about RAK FTZ, please visit www.rakftz.com
Media Contact:
Cleo Eleazar
Public Relations and Events Manager
Ras Al Khaimah Free Trade Zone Authority (RAK FTZ)
Phone: +971-7-2077173
E-mail: c.eleazar@rakftz.com
© Press Release 2015
