Ras Al Khaimah’s Free Trade Zone named among world’s best

Ras Al Khaimah’s Free Trade Zone named among world’s best

The emirate’s enterprise zone recognised by international business publications for providing some of the best facilities for business investment.

Summary:

  • Ras Al Khaimah’s Free Trade Zone has won a number of awards at the 2015 Global Free Zones of the Year ceremony
  • In the Middle East it has also been named ‘Best Free Trade Zone of the Year’ by MEA Markets Magazine’s Business Awards
  • Sustained economic investment has seen Ras Al Khaimah become one of the world’s fastest growing tourist destinations

The Free Trade Zone of Ras Al Khaimah is officially award-winning.

The emirate’s thriving enterprise area scooped four accolades at the 2015 Global Free Zones of the Year awards, held by UK-based business publication fDi Magazine. It was triumphant in the ‘Start-Up Support,’ ‘Encouraging Excellence,’ ‘Facilities Upgrade’ and ‘New Investment’ categories.

In addition, RAK’s Free Trade Zone (RAK FTZ) has also been named ‘Best Free Trade Zone of the Year’ by regional publication MEA Markets Magazine.

Commenting on the awards Ramy Jallard, Acting CEO of RAK FTZ, said: “The recognition we received from these two prestigious award-giving bodies, fDi Magazine, and MEA Market’s Magazine, represents our constant efforts to maintain our business-friendly environment and act as an ideal investment hub in the region by delivering outstanding business solutions and exceptional services to investors.”

The RAK FTZ has been helping to drive significant investment into the UAE’s northern-most state since 2000. This year delegates from the emirate have been meeting with business leaders in countries including Australia and Japan to showcase the economic benefits of opening offices in RAK.

Such sustained economic investment in recent years has seen RAK become one of the world’s fastest growing tourist destinations. There has been a 72% increase in guest nights in just two years, with RAK on course to welcome one million visitors by 2018. It’s hoped that tourism will contribute 20% of RAK’s GDP by 2020.

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