Media ININ Economy We Trust
Ras Al Khaimah, May 27 / Rami Jallad, CEO of Ras Al Khaimah Economic Zones Group “RAKEZ”, confirmed that “RAKEZ” embraces more than 18,000 companies belonging to more than 100 countries and operating in more than 50 sectors, reflecting the strong economic position of the Emirate of Ras Al Khaimah, and includes Investors, businessmen, startups, small and medium companies, and other industrial companies working in various fields and industries, making it one of the largest economic zones regionally.
Jallad added, in statements to the Emirates News Agency, WAM, that RAKEZ includes business areas that serve small and medium-sized companies, and the Compass Business Center, which receives entrepreneurs and freelancers, to enjoy the latest facilities consisting of shared workspaces, offices, halls for events and meetings, and the finest business support services. In addition to the industrial zones, which include industrial projects, and the “RAKEZ” academic zone, which hosts a number of prestigious international schools and universities.
Jallad pointed out that the wide range of business start-up packages plays a role in attracting “RAKEZ” to more companies of all types and sizes, as “RAKEZ” recently announced that 1,839 new companies have joined its business community in the first quarter of this year, which represents a significant growth rate. 122% compared to the same period last year.
The CEO of the Ras Al Khaimah Economic Zones Group “RAKEZ” said that more than 4,200 companies took “RAKEZ” as their headquarters in the past year, achieving a growth in the total number of registered companies by 18% over the previous year, which enhances the position of the Emirate of Ras Al Khaimah as a preferred investment destination. For small and medium-sized companies and prominent industrial companies, “RAKEZ” recorded last year a growth rate of 206% in the number of new general trading companies, thus confirming its position as a preferred investment destination for many trading companies.
Jallad added that the selection of thousands of new companies for “RAKEZ” contributes to proving the success of its advanced strategies, innovative solutions and continuous efforts in supporting businesses of various types and sizes, as the most important attractive advantages for companies is that “RAKEZ” gives many advantages to companies to support their business journey and expansion in the region Among the most prominent of these advantages are commercial and industrial facilities and facilities of various sizes, common office spaces, offices, warehouses, plots of land, multiple and different locations and regions for various types of industries and sectors, the possibility of establishing local companies, free zone entities, complete foreign ownership, and incorporation procedures at a high degree of speed and efficiency through the “instant license” Which allows entrepreneurs to obtain business licenses by completing the procedures electronically in a record time of no more than 5 minutes, the possibility of completing all transactions under one roof, a self-service electronic portal for customers, and proximity to the main logistics centers.
Jallad concluded his statement by explaining that “RAKEZ” provides various options for business licenses that allow investors to practice many activities. “RAKEZ” representative offices are spread around the world to be close to regional markets in the Middle East and North Africa, Asia and Europe.
