Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) has announced the launch of Traders District to support the thousands of traders thriving in its business ecosystem. Traders District is a dedicated community designed to offer traders a host of benefits, including business set-up solutions, simplified access to global supply chains, networking and collaboration opportunities, and assistance with crucial aspects of business operations.
Ramy Jallad, Group CEO of RAKEZ said, “We are thrilled to introduce Traders District, which we believe will provide the perfect nurturing environment for traders to grow and expand their businesses. With this, we aim to simplify their access to global supply chains and offer unmatched support to traders of all levels. This dedicated community will not only offer them support and resources but also provide ample opportunities for growth and collaboration."
As one of the fastest-growing economic zones in the region, RAKEZ is already home to over 7,200 traders thriving in various sectors including food and beverage (F&B), fast-moving consumer goods (FMCG), healthcare, construction, automobile, aviation, and many more. In 2022, RAKEZ recorded 206% increase in the number of new trading companies that set up in the economic zone. Trading continues to be among the most preferred business activities at RAKEZ. And now, with the launch of Traders District, this bustling segment is set to grow even more.
Traders District members can benefit from RAKEZ's excellent logistical infrastructure, providing easy connectivity to other emirates and the entire GCC region through various logistical hubs. Coupled with customisable and scalable warehouses, traders have the freedom to source raw materials from across the globe and export goods in quick timelines.
Traders can also benefit from RAKEZ's partnership with trustworthy service providers as well as government entities. The RAKEZ and Ras Al Khaimah Public Service Department agreement helps streamline the inflow and outflow of goods all over the UAE and GCC region. Additionally, RAKEZ clients can set up their business bank accounts with any of the banking partners, including EDB, WIO, RAK, Mashreq, FAB, CBD, Emirates Islamic, and ADCB. They can also gain access to flexible state-backed trade finance support, insurance, market insights, and more through RAKEZ's exclusive partnership with Etihad Credit Insurance.
Setting up a trading business at RAKEZ is simple and cost-effective. RAKEZ offers assistance with the entire set-up process at its one-stop shop for all government services. It is not just company formation and logistics, the economic zone also extends other essential services to support them with financial functions such as bookkeeping and accounting, VAT and corporate tax registration and filing, and administrative services like translation, attestation, PRO assistance among many others.
Through the weekly and monthly networking events hosted by RAKEZ, traders can unleash their growth potential by connecting with relevant business partners such as suppliers, distributors, and logistics supporters; and accessing valuable expertise on various business aspects such as labour laws, corporate tax, boosting client experience, leveraging digital platforms and more.
On the whole, Traders District is set to be a game-changer for traders operating in RAKEZ's business ecosystem. It's an exciting community that provides all the right care and support these businesses need to sustain, thrive, and expand.
To become a part of Traders District, visit https://rakez.com/en/promotions/traders-district.
For more information, please contact:
Cleo Eleazar, Public Relations & Events Manager, RAKEZ
About Ras Al Khaimah Economic Zone (RAKEZ):
RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 18,000 companies coming from over 100+ countries and operating in more than 50 industries.
RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers.
A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.