RAS AL KHAIMAH, 2 September 2015

His Highness Sheikh Ahmad Bin Saqr Al Qasimi, Chairman of Ras Al Khaimah Free Trade Zone (RAK FTZ), led a free zone delegation to China to further strengthen the existing trade and investment cooperation between the UAE and China.

Ramy Jallad, Acting CEO, RAK FTZ, has also joined the Chairman in carrying out a series of follow-up meetings and investment seminars in the cities of Guangzhou, Shenzhen and Foshan, from 31 August to 3 September. All of these cities were recently visited by the free zone delegation during its second trip to China last May 2015.

"RAK FTZ is the perfect gateway for China's initiative of establishing the economic belt and maritime Silk Road of the 21st Century. Chinese investors can successfully enhance overseas investments and enter the key global markets by using RAK FTZ as a regional trading and re-export hub," said HH Sheikh Ahmad. "RAK FTZ eliminates the burden from taxes and customs duty, as well as provide access to major logistical centres. This makes it easy to transport goods from China to the UAE, and then onwards Europe, Africa, and the rest of the Middle East."

At present, numerous Chinese companies are taking advantage of the free zone's 100 per cent company ownership, fully customisable business infrastructure, cost-effective business set-up, and reliable client support. Among them is Li Jie International Trading FZC, a purchasing company that deals with the procurement of non-ferrous metal residue and scrap.

"Partnering with RAK FTZ places us in a very good position to serve the global market, and it provides us with ideal facilities and business solutions at a very effective cost," said Liming Jin, General Manager of Li Jie International Trading FZC.

Prior to the free zone's return to China, RAK FTZ received a prominent Chinese delegation that consisted of more than 40 Chinese Business Council members as well as Chinese diplomats. The two-day meeting, from 27-28 August, was made possible with the support of RAK Chamber of Commerce, RAK Tourism Development Authority, and Al Marjan LLC.

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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: +971 7 2077173
E-mail: c.eleazar@rakftz.com

© Press Release 2015