UAE: Ras Al Khaimah

With strong industrial growth and demand for electricity on the rise, Ras Al Khaimah’s energy needs are expanding at such a rate that it requires the exploration of a number of alternatives to ensure production continues apace. Though the emirate has access to electricity and petrol at lower-than-market prices thanks to supply from its fellow...

Although Ras Al Khaimah’s economy is increasingly diversified, its roots lie in extracting natural resources for use as construction materials. This remains a core strength of the emirate’s economy and an important driver of future growth, as RAK’s producers will continue to quarry and export products like aggregate, cement and ceramic tiles....

Boosting economic integration among the Gulf states has been a key component of the GCC since it was established in late May 1981. While the six states that make up the GCC have implemented joint projects in a wide variety of sectors, economic cooperation remains a core concern. Over the past three decades the region’s GDP growth rates have consistently been among the...

In a region where most economies are dominated by oil or gas, Ras Al Khaimah stands out because it is one of the few without significant domestic reserves. Instead, a resource-based economy has developed around RAK’s limestone, clay and silica, with a well-established industry and manufacturing sector making use of these raw materials. The...

The past few years have seen a major expansion of retail options in Ras Al Khaimah, with new malls, new neighbourhoods and numerous new strategies emerging. The year 2013 was shaping up as a period of consolidation, as major retail developers refine their offerings and fill their space.