Ras Al Khaimah Free Trade Zone (RAK FTZ) has recently announced that the free zone has achieved a significant growth of more than 50 percent. The free zone also realised a growth of 13.30 percent in the amount of new business licenses registered from 2007 to 2008.
Ras Al Khaimah Free Zone has demonstrated the continual maximisation of business growth through the introduction of innovation and technology. The free zone currently is home to more than 5,700 companies that contribute a total of AED10 billion to Ras Al Khaimahâ€™s prosperous economy.
It is estimated that in the future AED7.3 billion is planned to be invested into Ras Al Khaimah free trade zone. This shows the Emirateâ€™s effort in ensuring its continuous growth. RAK FTZ currently ranks as the 17th in the top 100 economic zones globally by the FDi Magazine, which is part of The Financial Times Business Group.
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