Ras Al Khaimah: HH Sheikh Ahmed bin Saqr Al Qasimi, Chairman of Ras Al Khaimah Economic Zone (RAKEZ), has recently welcomed HE Ridwan Hassan, Consul General of Indonesia to the United Arab Emirates (UAE) during his visit to Ras Al Khaimah and RAKEZ to discuss ways on boosting the economic relationship between Indonesia and Ras Al Khaimah. The visit was also followed by another visit by HE Mr Chairat Sirivat, Consul General of Thailand to the UAE to discover the opportunities for Thai businesses in the emirate.
Along with senior officials from both consulates, the visits came parallel to the efforts Ras Al Khaimah and RAKEZ to strengthen their relationships with Indonesia and Thailand by promoting investments opportunities and facilities that RAKEZ offers to Asian businesses.
The discussion between respective parties placed Ras Al Khaimah’s economy in focus, particularly how the emirate built itself into an economic powerhouse with booming diverse industries as well as the efforts RAKEZ is doing to attract more companies from Asia to plunge in the unique opportunities of setting up shop in the emirate. Presently, Asian companies for over 53% of the economic zone’s clientele, which is over 8,000 businesses operating mostly as traders and consultants in various segments.
Early this year, RAKEZ has introduced its Industrial Strategy to further support the manufacturing sector in the emirate, which currently contributes to 28% of Ras Al Khaimah’s GDP. With this, RAKEZ focuses on attracting more industrial players from Asia to join its over 770 community of global producers flourishing in its three industrial zones.
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For more information, please contact:
Cleo Eleazar, Public Relations & Events Manager, RAKEZ
Phone: +971 7 2077173; Email: c.eleazar@rakez.com
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 15,000 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 six specialised zones that are tailored to specific needs of investors: a Business Zone for commercial and service companies; Al Ghail, Al Hamra and Al Hulailah Industrial Zones for manufacturers and industrialists; a Media Zone for the creative firms; 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.
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