07Oct

39 European companies explore Ras Al Khaimah’s live, work and play ecosystem

His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman of Ras Al Khaimah Economic Zone (RAKEZ), received a European trade delegation comprising of 39 decision makers from the United Kingdom, Belgium, Greece, Hungary and Italy that recently visited Ras Al Khaimah to explore the potential of the emirate as a gateway to fast emerging economies in the Middle East.

The economic zone shared insights to the delegates about doing business in the region and the unique lifestyle offered by the emirate. They were also taken on a tour to Al Hamra Industrial Zone, one of RAKEZ’s specialised zones, where they visited the advanced facilities of select RAKEZ companies and see their operations first-hand.

“It is an honour to host the members of the European trade mission and have the opportunity to introduce the viable ecosystem we have here in Ras Al Khaimah,” said Ramy Jallad, Group CEO of RAKEZ. “Presently, 30% of our family of businesses are from Europe, and we aim to grow this community even further. We ensured to provide our visitors a productive day by giving them a 360 overview of Ras Al Khaimah’s live, work and play environment."

He also added that Ras Al Khaimah is a haven for businesses for its distinguished natural location. “The emirate stretches along the shore of Arabian Gulf, adjacent to the strategic Strait of Hormuz, and has substantial logistical hubs that make moving goods to and from the region very efficient. These are complemented by solutions we have on offer at RAKEZ, from bespoke facilities to comprehensive business support in a one-stop shop. We are also one of the few zones offering free zone and mainland solutions as well as the only one to offer all types of licences.”

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