Ras Al Khaimah Investment Authority walk the walk

Posted on: January 31, 2008

Written by Select Property

Impressive growth in Ras Al Khaimah has been attracting the attention of local and international investors.

The emirate saw an 18 per cent jump in its GDP in 2007 and is starting to make waves. Sometimes seen as Dubai's little sister, the Emirate has seen a lot of attention from the press recently, but it was local publication Emirates Business that scored the interview with Ras Al Khaimah Investment Authority's(RAKIA)economic advisor Khater Massaad.

Asked 'what are the pillars of RAK’s development?' Massaad stated 'RAK, as you know, does not have large deposits of oil and gas but we are blessed with a beautiful coast, majestic mountains, expansive deserts and a lovely green belt. We are utilising these advantages to bring prosperity to our people. Industries, trade and commerce, tourism and real estate are the four pillars of the RAK economy.'

Sounds simple, but there are echoes of Dubai 6 years ago in this statement.

And Dubai isn't doing too badly.

Ras Al Khaimah Property News