Given its relative lack of natural resources, and hydrocarbons in particular, Ras Al Khaimah has had to focus its efforts outside the energy sector, building up a diversified industrial base by making use of a mixture of incentives, infrastructure investment and careful partnerships. Now, the emirate is looking to position itself as a centre for...
In his introductory remarks at the 2011 Global Arab Business Meeting (GABM), held at the Al Hamra Convention Centre in Ras Al Khaimah in October 2011, Sheikh Saud bin Saqr Al Qasimi, the ruler of RAK, spoke of new opportunities created by the unrest that has swept through North Africa and the Middle East in 2011 and early 2012. “The real...
With two locally headquartered banks and a substantial number of institutions from elsewhere in the UAE and further afield, Ras Al Khaimah’s banking sector is very competitive. The National Bank of RAK (RAKBANK) and Commercial Bank International (CBI) have rolled out a handful of new products and services in recent years, focusing on small and...
To drive economic growth and stimulate industry development, Ras Al Khaimah has long pursued a strategy of promoting outside investment. Over the past 20 years, this has proved very successful, and the emirate has developed a fairly broad range of industries, led initially by cement and ceramics factories processing local limestone. The pace of...
Although the recent global economic downturn affected Ras Al Khaimah’s construction industry, the sector is moving forward and remains a key component of the emirate’s growing economy. While the recession has had an impact, industry players are taking steps to overcome many of these difficulties. Further, the focus on these challenges does not...
As the industrial sector has expanded over the past decade, demand for power and water in Ras Al Khaimah has grown exponentially. Consequently, in recent years RAK, like many of the other Northern Emirates, has experienced sporadic power outages and water shortages. This is an issue in the emirate, as it is home to a number of energy-intensive...
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×