H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, received a delegation from RAKISA, the lead developer of the newly launched Prince AbdulAziz bin Mousaed Economic City in the Saudi Arabian city of Hail, who called on him at the Al Dhait Palace yesterday.
The delegation, headed by Abdullah Al Rakhis, Chairman & CEO of RAKISA, briefed Sheikh Saud about the facilities and business opportunities available in the new Economic City.
Sheikh Saud greeted the RAKISA delegation and explained his economic and investment vision for the future of Ras Al Khaimah. He said that the developmental vision being implemented in Ras Al Khaimah is pivoted on fostering entrepreneurship and in putting in place a pro-investment climate in the Emirate.
Sheikh Saud said that the greatest asset in any endeavor for nation building would be the productive talent pool available in the country. 'Empires of the future would be empires of knowledge that are driven by quest for excellence. Thus the major challenge for future success would be how to attract the best talent.'
Abdullah Al Rakhis said that the strategic location of the Economic City will enable it to serve as a hub for logistics and industrial sectors. The project is set to be a premier commerce and industry hub promoting a diversified economy in the Kingdom of Saudi Arabia.
The meeting was attended by a team from McKinsey and Company headed by Kito de Boer, Middle East Office Manager of McKinsey, Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAK Ports and Customs, Dr. Izzat Dajani, CEO of the Investment and Development Office (IDO) of the Government of Ras Al Khaimah and Mohammed Sultan Al Qadi, Managing Director of RAK Properties were also present at the meeting.
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© Press Release 2006
