Strategically located in the Arabian Gulf and forms the gateway to most of the countries in the Middle East
Ras Al Khaimah is emerging as a solid tourism destination benefiting from rising costs of rents and sales in Dubai and Abu Dhabi
Ras Al Khaimah is famous for its magnificent tourist attractions, charming endless sandy beaches, evergreen expanses of land, high graceful mountains in addition to its fine weather
No foreign exchange controls, trade barriers or quotas
No restrictions on capital repatriation
Easy access to key decision makers
Liberal labor laws
Locational Advantages
Well connected to major international destinations
Lowest freight cost to Europe, Asia, Africa and America
Ras Al Khaimah has its own international airport and RAK Airways
Well-developed infrastructure facilities
Three main Seaports, Mina Saqr, Mina Khor and Mina Al Jazira
Free Zone
2.2 million sqm of land
100% foreign ownership
All utilities meets international standards
Long term plan lease (25 years minimum)
Close proximity to Airport, Seaport, Hotels, Banks and Hospital
45 minutes from Dubai international airport
Educational Institutions
Well-established state runs primary and secondary schools on a international standards
George Mason University has already setup a campus
Infrastructure Developments
Power generation (Thermal/ Solar)
Water desalination plants & supply
Expansion plans for Airport & Seaport
Sanitation (Water/waste treatment)
Oil and Gas projects (exploration and refineries)
Economy
GDP now stands at AED 8.3 billion and has grown by more than 50% over the last 4 years and this is set to triple by 2012
Growth driven by increased focus on manufacturing, services, real estate, construction, tourism and agriculture
Export ( incl. Re-exports) account for nearly 60% or Ras Al Khaimah has the highest capital investment in the industrial sector in UAE
1,000 companies registered with Rak Investment Authority in less than 2 years
Investor Considerations
Investment promotion driven under guidance of H.H Sheikh Saud Bin Saqr Al Qassimi Crown Prince and Deputy Ruler
Strategic location that allows easy access to the markets of the Middle East, Europe, CIS, Africa and the Indian subcontinent
Free-Zone areas that allow 100% foreign ownership
State-of-the-art telecommunications network
Favourable attitude toward private business
No foreign exchange controls
No income tax for individuals or corporations
Duty-free import of raw material for manufacturing units and generally low import duties
Close investor access to local decision-making
Offshore Benefits
The establishment and maintenance of companies are simple
There is complete privacy and companies are simple
Three is complete privacy and confidentiality with international standards
257 companies register and are issuing licenses in Ras Al Khaimah Offshore
New
Review
RAK International Airport - 41°F
