With more than13,000 companies operating in the Ras Al Khaimah Economic Zone (RAKEZ), the authority rolls out new initiatives to boost business opportunities in Ras Al Khaimah.
RAKEZ is one of the fastest-growing economic zones in the UAE. The authority provides cost-effective business set-ups and offers an expanded range of business solutions tailored for start-ups, SMEs and large manufacturing companies. RAKEZ generates free zone and non-free zone licenses for companies operating in diverse sectors, especially manufacturing, consulting, trading, academic and media.
RAKEZ currently holds six specialized zones, namely RAKEZ Business Zone, Al Hamra Industrial Zone, Al Ghail Industrial Zone, Al Hulaila Industrial Zone, RAKEZ Academic Zone and Media Zone. Furthermore, RAKEZ plans a new specialized zone and rolls out initiatives to create diversified investment opportunities, contributing to the economic growth of Ras Al Khaimah.
RAKEZ Service Centres
Recently the new RAKEZ Service Centre Al Hamra was launched to provide seamless processes and smooth services in a one-stop shop. Currently, RAKEZ is working on the development of other service centres. Additionally, RAKEZ plans to develop its offices in Abu Dhabi and Dubai to become full service centres, so companies could access services more easily.
Two in one options
Another RAKEZ initiative is to increase staff and labour accommodations in various industrial zones and to add a showroom feature to several warehouses. This will help businesses that require a warehouse and a showroom to have both in one location. The two in one option will allow businesses to operate more seamlessly.
RAKEZ Business Excellence Awards
For the latest RAKEZ Business Excellence Awards, RAKEZ has worked together with Ras Al Khaimah Department of Economic Development (RAK DED). The awards program takes place every year, but this year was the first time to celebrate the achievements of not only RAKEZ companies, but all the companies operating in Ras Al Khaimah. The overall goal is to inspire excellence and celebrate Ras Al Khaimah as a rewarding investment destination for all kind of businesses.