10 Sep

why rakez is an attractive option for investors

Ramy Jallad, Group CEO, RAKEZ, highlights the business set-up in UAE and what makes this business and industrial hub in the northern emirate a standout choice for global entrepreneurs.


Ras Al Khaimah Economic Zone (RAKEZ) hosts an impressive list of companies from diverse sectors. Could you tell us about some of the top brands operating from RAKEZ?

From the start-ups and SMEs to large-scale industries, RAKEZ has more than 14,500 companies from over 100 countries.

Ras Al Khaimah Economic Zone (RAKEZ) is a prime location for a business set-up in UAE, hosting an impressive array of companies from diverse sectors. It showcases top brands operating within its zones, emphasising its significance in facilitating Ras Al Khaimah investment. With over 14,500 companies from more than 100 countries, RAKEZ is a beacon for SMEs, and large-scale industries alike, including key players in nitrogen and oxygen generation, building contracting, and general trading. In the SME segment, some of our top brands are Inmatec, which manufactures nitrogen and oxygen generators; Inoclad Middle East, a building contracting company; and Avionic Global, a general trading company.

Significant industrial clients such as UTICO, Ashok Leyland, and Motherson Sumi Systems, among others, point to RAKEZ's robust infrastructure and the attractive free zone incentives it offers. These companies benefit from the strategic advantages of UAE economic zones, making RAKEZ a hub for sectors like food, packaging, automotive, industrial machinery, and more.


How does RAKEZ support SME investors start their ventures in the UAE?

For SME investors looking to start their ventures in the UAE, RAKEZ offers comprehensive solutions that are cost-effective and tailored to the diverse needs of businesses. With a variety of UAE trade licences for thousands of activities, RAKEZ provides SME-friendly facilities and access to premier business centres, making the business set-up in UAE a streamlined and efficient process. This is particularly beneficial for women entrepreneurs, as RAKEZ has launched the UAE's first business set-up package for women entrepreneurs, offering customised women entrepreneurs package with incentives and services designed to support women in business.

RAKEZ has specialised zones that help businesses thrive. Our Business Zone is a modern area at the heart of the city, the Academic Zone houses international educational institutions and service providers, while Al Hulaila, Al Hamra and Al Ghail Industrial Zones are meant for traders and manufacturers.


What makes RAKEZ unique in terms of location, incentives and services?

In the first nine months of this year, over 2,000 new companies were attracted to RAKEZ, drawn by its Ras Al Khaimah investment opportunities, strategic location, and the unmatched free zone incentives it offers. These elements, combined with specialised zones for business, academics, and industry, highlight RAKEZ's unique position in the UAE economic zones landscape.

When it comes to the key incentives of setting up business in Ras Al Khaimah, no other economic zone in the region can match the cost-effectiveness that RAKEZ offers.

The cost of living and the cost of setting up a company as well as running it in Ras Al Khaimah are 50 per cent less than the region.

For us, customers come first. This means simplified processes, one-stop-shops, expert client representatives and a self-service client portal accessible 24/7.


How do you think free zones and economic zones in the UAE can stay sustainable in the long run?

The key to remaining sustainable is ensuring organisational agility, where free zones and economic zones must be fast enough to adapt to marketplace shifts.


RAKEZ launched the UAE’s first business set-up package for women last month. Could you give us some information on this?

RAKEZ's commitment to sustainability and adaptability is key to its long-term success, ensuring that it remains a leading choice for business set-up in UAE. The launch of a tailored business setup package for women underscores its innovative approach to inclusivity and support for women entrepreneurs, making it a dynamic and forward-thinking destination for global business investment.


Going forward, what are your plans to attract more investments?

Looking forward, RAKEZ plans to continue enhancing its infrastructure and services to attract more investments, in line with the RAK 2030 Vision. This includes expanding its specialised zones, constructing new facilities, and partnering with leading UAE banks to offer more banking options to its clients, reinforcing its status as a premier location for business set-up in UAE and a champion of Ras Al Khaimah investment.


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Last Updated on 12/29/2019 9:23:05 PM

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