How RAKEZ is catalysing business, economic growth

Q. How does RAKEZ contribute to the economic development of Ras Al Khaimah (RAK), and what initiatives are in place to attract foreign investments?

RAKEZ (Ras Al Khaimah Economic Zone) is a driving force behind Ras Al Khaimah’s (RAK) economic transformation. It is critical in attracting international investments and fueling sustainable growth.

With its strategic location, modern infrastructure, and investor-friendly policies, RAKEZ offers a gateway to success for businesses exploring opportunities in the Middle East. Its remarkable growth—hosting over 25,000 companies across 50 sectors highlights its role as a cornerstone of RAK’s economy.

What sets RAKEZ apart is its ability to adapt to the diverse needs of businesses. Whether you’re an entrepreneur seeking a cost-effective start-up base or an established multinational aiming to expand, RAKEZ’s flexible setup options – free zone and mainland – ensure your business structure aligns with your goals. The low operating costs and one of the world’s most competitive corporate tax environments add to its appeal, enabling businesses to maximise profits and reinvest in growth.

Setting up in RAKEZ is seamless, thanks to the economic free zone’s streamlined processes and fully digitalised service platform. From licensing and permits to visas, every detail is handled efficiently, allowing you to focus on what matters most – growing your business.

Q. How they have positioned RAK as a gateway for foreign companies seeking to enter new markets in the Middle East.

Our extensive network of strategic partnerships is designed with businesses in mind, making RAKEZ a premier platform for foreign companies seeking to expand into the Middle East. By connecting investors with essential resources, expertise, and opportunities, the free zone ensures a smooth and successful entry into the region’s thriving markets.

RAKEZ partners with leading UAE banks, such as RAKBANK, First Abu Dhabi Bank, Mashreq and Emirates NBD, to offer tailored financial solutions. These include corporate and personal accounts, digital banking, payment gateways, and Shariah-compliant financing – ensuring that businesses of all sizes have the financial tools they need to thrive.

We simplify market access for e-commerce businesses by partnering with platforms such as Amazon and Tradeling. The partnerships give businesses a competitive edge and help them make smarter, data-driven decisions as they scale.

RAKEZ’s commitment to global connectivity is evident in its strong relationships with business councils, embassies, and trade associations worldwide. Through these alliances, we have cultivated a platform where foreign investors gain access to simplified regulations, expedited processes, and insights into regional business trends.

We actively engage with global investors through international roadshows, highlighting the emirate’s strategic location and business-friendly environment. The events provide investors with firsthand insights and networking opportunities to connect with key stakeholders in the region. By offering a supportive ecosystem and tailored solutions, RAKEZ empowers businesses to thrive in the Middle East.

Q. How has the free zone’s role and responsibilities within RAK’s economic landscape evolved since its establishment?

Over the years, RAKEZ has solidified its reputation as a powerhouse for both SMEs and industrialists while continuously evolving to meet the changing needs of its diverse and growing community. By offering a comprehensive range of services and state-of-the-art facilities, RAKEZ has created an environment where businesses of all sizes and sectors can thrive, from innovative start-ups to large-scale industrial enterprises.

What truly sets us apart is our unwavering commitment to delivering a client-centric experience. Businesses benefit from a seamless, one-stop-shop model that simplifies every step of the journey, from licensing and registration to visa issuance. The introduction of digital tools such as a self-service portal and mobile application ensures 24/7 access to essential services, allowing businesses to manage operations efficiently, no matter where they are.

RAKEZ’s ability to adapt to shifting global and regional market trends has been instrumental in its success. By combining robust infrastructure with proactive support, we equip businesses with the tools and insights they require to seize emerging opportunities and remain competitive in a fast-changing global economy. Its specialised zones for industrial, commercial, and academic activities further foster innovation and growth by catering to the unique requirements of various sectors.

Through these advancements, RAKEZ continues to be a cornerstone of Ras Al Khaimah’s economic diversification and development. By attracting global investments and fostering a thriving ecosystem for businesses, RAKEZ strengthens its role as a leading destination for entrepreneurs and industrialists alike, ensuring that companies have the support and resources needed to succeed globally.

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