UAE: The Ras Al Khaimah Economic Zone (RAKEZ) has become the proud host of over 18,000 companies spanning over 50 industries stated Ramy Jallad, CEO of the Ras Al Khaimah Economic Zone.

According to Jallad, UAE’s Ras Al Khaimah has successfully established itself as a favoured destination for international traders. This achievement is primarily attributed to its business-friendly environment. It is complemented further by various factors that contribute to the attractiveness of setting up and expanding operations in the region.

Further, the strategic location of Ras Al Khaimah enables businesses to tap into the lucrative Middle East and North Africa (MENA) market.

RAKEZ offers a comprehensive range of zones to cater to diverse business requirements. With six dedicated zones, RAKEZ ensures that it accommodates the needs of both SMEs as well as large manufacturers.

Jallad further commented that “The state-of-the-art RAKEZ Compass Coworking Centre gives businessmen the flexibility to operate their business while growing their networks with valuable connections”

Ras Al Khaimah Economic Zone (RAKEZ) started the year on a strong note, welcoming 1,839 new companies in the first quarter. In 2022, RAKEZ experienced an 18% year-on-year growth, attracting over 4,200 new companies.

RAKEZ’s tailored setup packages, new products and services, and strategic partnerships have supported trade, e-commerce, and other sectors. Moreover, RAKEZ has solidified its position as a bustling hub. Due to a 206% growth in general trading companies and a significant rise in industrial companies.

Furthermore, industrial companies have experienced significant growth, recording a remarkable 107% increase compared to Q1 of 2022.

RAKEZ’s continuous efforts to foster a thriving business ecosystem have yielded impressive results. As a result, attracting a multitude of companies across sectors and solidifying Ras Al Khaimah’s position as an ideal destination for business ventures.