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Ras Al Khaimah's economic plan
When Shaikh Saud Bin Saqr Al Qasimi was named the Crown Prince and Deputy Ruler of Ras Al Khaimah things began to change for the better. Ras Al Khaimah has been blessed with beach, mountain and natural beauty and needed a visionary leader to turn these advantages into economic opportunities.
"Tourism, industry and services - are the core of my economic vision," with these few words, Shaikh Saud sums up his economic game plan. "We are creating a good investment climate and strong economic environment for people to live and work in Ras Al Khaimah."
In 2003, Shaikh Saud opened the emirate's real estate sector for foreign ownership and investment. Since then, it has attracted billions of US dollars into its land, in real estate and industries and is among the fastest growing economies in the region.
Speaking of Ras Al Khaimah’s future Shaikh Saud said, “We have a development programme that will reshape the emirate's future. Our development vision is based on economic diversification. Ras Al Khaimah is undergoing major development and the economy is expected to grow at between 15 to 18 per cent this year."
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