RAK Emirate is the successful model of growth, supported by industrial, infrastructure, tourism and other investments.
Ras Al Khaimah is the ambitious Emirate always surprising new visitors and investors. It is one of the most favorable places for business - in the UAE. As per local authority’s statistical data, there has been a considerable growth in the number of business licenses issued by Free Zone for different types of onshore companies, which is really the indicator of constant growth of the Emirate and its economy. For further increase of business activities and attractiveness of Emirate, the government is aimed at further development of air connections between Ras Al Khaimah and other part of the globe.
In the past couple of years, the Emirate has developed from Northern post into a god size business and leisure hub providing all necessary facilities. At the same time, it is more affordable than its neighbors in terms of maintaining business here.
Nowadays, Ras Al Khaimah plays a crucial role in wealth and progress of the expanding UAE nation. In addition, it also contributes to strengthening the tight relationship with the rest of the world on both commercial and state / governmental levels.
Nature of the Emirate is rich with a diverse landscape having loads of silver, sandy coastline in the west, the desert skyline with mountains in the east and a green belt in the south with blossoming date palms and vegetable gardens.
Strong links with the other Emirates through modern highways has resulted its active development in the past couple of years. Today Ras Al Khaimah is setting its targets and goals on becoming the leading investment destination, capitalizing on its potential, in the available real estate projects, different industries and tourism. Therefore, a considerable growth in terms of setting business here is quite a clear trend. The number of people choosing the Emirate is constantly.
Undoubtedly Ras Al Khaimah is a hassle-free, stable economic heaven for tourists, business and residents with relatively low cost of life, extensive environment, the best regulatory framework and easy access to local and regional markets. Besides that, the Emirate is also well-known for the range and scope of its available industries: pharmaceuticals, building materials, glass, steel, manufacture, etc. It is an ideal place for setting up different types of business.
The recent trends in Ras Al Khaimah economic development:
- Significant growth in new business licenses issued;
- A number of new infrastructure projects;
- Large choice of commercial and residential properties at affordable prices;
- Enormous growth of GDP;
- Exports/ Imports growth;
- A number of different businesses form very different countries being attracted to the Emirate;
- Stable and clear legal framework for business and investments.
Ras Al Khaimah is the strong player in terms of economy as well as infrastructure and environment it can offer for international business.
