The property sector in Ras Al Khaimah is developing and expanding on a number of fronts. While investors remain cautious, many are also feeling increasingly confident, and this renewed confidence is evident in the fact that RAK developers have been handing over residential units as well as retail and office space. Local banks have taken notice and...
On September 24, 2011 more than 5000 of Ras Al Khaimah’s inhabitants – including a substantial number of women – elected three new local representatives to the UAE’s Federal National Council (FNC), the 40-member organisation serving as the national legislature. Political participation by women has jumped substantially in recent years. In RAK, women...
As Ras Al Khaimah’s economy has developed over the past decade, the emirate has built a reputation as a regional centre for small and medium-sized enterprises (SMEs). In 2009, SMEs accounted for 85-95% of all economic activity in the UAE, according to a report released by the Abu Dhabi Council for Economic Development (ADCED). In RAK, the percentage...
With a reputation for fiscal prudence and a strong emphasis on industry, Ras Al Khaimah stands out in the Gulf as one of the region’s most diversified economies. RAK’s government has run a consistent fiscal surplus over the last decade, enabling it to make considered investments that, in turn, have helped create a broad-based economy with a high...
Boasting some of the fastest-growing free trade zones in the region, Ras Al Khaimah has witnessed impressive economic expansion and diversification across key industries in recent years. The emirate is on its way to becoming an important investment destination in the region.
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