UAE: Ras Al Khaimah Transport

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What new projects are being undertaken to further boost intra-regional and international trade?

Several factors, including an expanding population, a growing industrial base and the increasing number of tourists visiting the emirate are driving Ras Al Khaimah’s transport industry forward. RAK’s population jumped from 258,000 in 2008 to 279,000 in 2010, according to the most recent figures from the RAK Department of Economic Development (RAK...

Chapter | Transport from The Report: Ras Al Khaimah 2012

In recent years an expanding population, a growing industrial base and the increasing number of tourists visiting the emirate have driven RAK’s transport infrastructure growth. Taken together with storage and communications, the transport sector contributed an estimated 6.55%, or about $313.6m, to the economy in 2010. To cater for the 40% increase in the number of registered motor vehicles over...
With passenger traffic on the rise and new routes earmarked for its flag carrier, Ras Al Khaimah (RAK) is strengthening its foothold in the regional aviation market despite facing tough competition from the other emirates.
The RAK Investment Authority (RAKIA) licenced 800 new companies in the first eight months of 2011, a 31% increase from the same period last year, according to Alex Thomas, RAKIA’s general manager of marketing. Most of the new licences were for manufacturing firms, and the number of trading and transport licenses was also up, Thomas said.

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