Infrastructure is a lynchpin for Ras Al Khaimah’s economic growth, particularly as the emirate’s local manufacturers need cost-efficient routes to their various markets and tourism operators require greater general access and interconnectivity to expand. In response, the emirate plans to increase capacity by expanding its existing network of...
Ras Al Khaimah is one of the constituent emirates of the UAE, with the other six being Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain and Fujairah. Within this group, RAK stands out for its long and rich history that has invariably revolved around global exchange. While in the past trade was largely driven by copper and pearl exports, the...
In a project that is expected to add 21 km of beaches and 2.7m sq metres of prime real estate to Ras Al Khaimah’s already existing 64 km of natural beaches, Al Marjan Island is central to the government’s strategy of developing the emirate as a destination for “affordable luxury”. Al Marjan Island is the UAE’s fourth man-made island complex and...
The market for financial services in Ras Al Khaimah is growing in size and sophistication along with the emirate’s broader economy. As a supplier of a range of basic building materials, RAK’s industry-fuelled economy is aligned with the fortunes of the wider region, and this should result in opportunities for financial services companies to fund...
Free zones have been a central part of Ras Al Khaimah’s recent economic success. Growth has been the result of government policies actively targeting industries and manufacturers that can build on the emirate’s natural resources, offering them the incentive of a low- or no-tax business operating environment. Free zones are a crucial element of...
Industrial activity has been crucial to Ras Al Khaimah’s economic growth, driven by the government’s policy of attracting firms and investment into the sector based on the natural resources RAK has to offer them. The emirate is now looking to increase growth capacity by removing electricity supply constraints, addressing logistics concerns and...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×