Economic diversification has been a primary goal for Ras Al Khaimah’s leadership, and success thus far has mostly meant leveraging the emirate’s varied natural resources to nurture industry and manufacturing. Industrial activity accounts for roughly a third of the emirate’s GDP and constitutes a key element of its diversification programme. At...
In many ways Ras Al Khaimah’s construction sector is the backbone of the local economy, with a number of major infrastructure projects enabling development across a range of sectors. The government is investing heavily to establish the emirate as an international destination for tourism, which is driving significant development. Indeed, the...
Unlike many of its neighbouring countries and emirates, Ras Al Khaimah is not a large oil-and-gas producer. It has, however, established its own growing energy economy, ramping up capacity for electricity generation and water desalination, studying the potential of renewable energies – in particular solar power – and developing energy efficiency...
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...
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