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RAK Free Trade Zone to engage major expansion project

It was revealed that the Ras Al Khaimah Free Trade Zone Authority is to invest in a $500,000 project in order to expand office and residential space and offer health clubs and entertainment facilities to new companies.

The project, which is due to complete in May, is set to further develop and maintain a sustainable economy in the emirate. Split in to three phases, current plans are on schedule with the first phase costing approximately $150 million. RAK Free Trade Zone sees this venture as a fantastic opportunity for companies to cut out unnecessary expense and run a successful business in a pleasant environment.

RAK Free Trade Zone has already attracted Latin American clients after opening offices in New York and Miami and they’ve recently opened a fourth nine story business centre in 2008. They continue to seek opportunities to work with global players in order that RAK be recognised as a convenient hub for their Gulf activities.

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