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RAK Free Zone highlights opportunities

Ras Al Khaimah Free Trade Zone recently hosted a seminar to highlight investment opportunities for foreign businesses.

The Ras Al Khaimah Free Trade Zone (RAK FTZ) recently hosted a seminar for UAE business representatives under the patronage of its chairman, His Highness Sheikh Faisal Bin Saqr Al Qassimi.

The event, at the Fairmont Hotel in Dubai, highlighted the investment opportunities in the UAE and Ras Al Khaimah in particular for foreign investors and businesses.

“The emirate of Ras Al Khaimah has shared in the country’s economic success story and the free zone has gained worldwide recognition as an attractive destination for international companies keen to penetrate regional and international markets,” said Sheikh Al Qassimi. “RAK FTZ has witnessed significant economic growth during 2006 and this success looks set to continue. We are open for joint ventures and partnerships with private investors for projects that give added value for the emirate as whole and which create more economic growth, development in real estate and employment opportunities for both nationals and expatriates.”

RAK Free Zone was established in 2000 with just 15 registered companies, but today has more than 2100 companies from 70 countries around the globe. Around 400 new warehouses are currently being constructed in the free zone, close to the nearby Saqr Port.

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