Invest in Ras Al Khaimah
With a favourable geographical location at the crossroad of trade between the East and West, the excellent infrastructure, strong government support towards the private sector, and not to mention its unmatched natural beauty, it is no surprise that the emirate of Ras Al Khaimah has emerged as a destination of choice for investors and leisure travellers alike. Ideally positioned to service and access markets like the Middle East, Africa, the Indian Subcontinent and the CIS countries, Ras Al Khaimah has become a growth-driven emirate with an increased focus on manufacturing, services, real estate, construction and tourism.
Ras Al Khaimah, the fourth-largest emirate in the UAE, today boasts of a rapidly growing economy, thanks to the ambitious process of economic diversification adopted by the government that primarily focuses industry, trade & commerce, tourism and real estate. While Ras Al Khaimah’s business-friendly policies have ensured a brisk increase in foreign direct investments, it has also helped the emirate steadily increase its global appeal as a superior choice destination for business and leisure.
The natural topography of Ras Al Khaimah which consists of 65 kilometers of sun-kissed sandy beaches, the Al Hajar Mountain range, the vast desert plains in the central region and the green belt in the southern region, have added to the success of Ras Al Khaimah as a destination of choice.
Ras Al Khaimah has been witnessing impressive economic growth in the past few years. In recent years, Ras Al Khaimah has experienced an increase in GDP figures with growth in manufacturing, services, and tourism sectors, along with the increase in foreign trade and per capita income, rise in the standard of living, growth in education, development in world class housing and health-care facilities among other positive developments that point towards the all round socio–economic prosperity of Ras Al Khaimah. Ras Al Khaimah was recently rated the best investment destination by the FDI Magazine, Financial Times, London.
The RAK Government encourages development through private sector and believes that the role of the Government is primarily to create an optimum environment for enterprises, providing enabling infrastructures, utilities and services and making sure that the Government is an effective partner- supporting and empowering the private sector.
Ras Al Khaimah has negligible deposits of hydrocarbons unlike some of the other emirates or countries in the GCC. As a result has sought to diversify its economy over the course of the last decades by opening up to foreign investors and industries. The aim was to make the best use of the emirate’s strategic positioning by improving its infrastructure and creating the right incentives and liberal business environment to attract major industrial enterprises from around the world.