Ras Al Khaimah set to join media boom

The emirate of Ras Al Khaimah has jumped on the media city bandwagon and revealed plans to establish its own free zone for the creative and media industries.

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By  Tim Addington Published  January 8, 2006

The emirate of Ras Al Khaimah has jumped on the media city bandwagon and revealed plans to establish its own free zone for the creative and media industries. The news comes just a month after authorities in Fujairah unveiled plans to set up their own ‘Creative City’. The RAK Media Free Zone, which is being driven by the emirate’s Investment Authority, hopes to attract a range of media and creative organisations to the development, which has been created to diversify its economy away from manufacturing to services. One of the first company’s to sign up is Century Media Centre. The firm will offer broadband and satellite up-linking facilities and plans to invest around US$40 million in a 20,000 square metre facility. Once the first phase of the project is completed, a further 180,000 square metres of land will be made available to businesses looking to set up shop in RAK.

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