Which sectors will provide RAK with the greatest growth over the next few years, and what steps are being taken to attract investors?
UAE: Ras Al Khaimah
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Interviews & Viewpoints | OBG talks to Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah from The Report: Ras Al Khaimah 2012
Articles & Analysis | A broader view: Diversified base continues to expand as investment-friendly policies draw in FDI from The Report: Ras Al Khaimah 2012
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...
Interviews & Viewpoints | OBG talks to Sheikh Mohammed bin Saud Al Qasimi, Crown Prince of Ras Al Khaimah from The Report: Ras Al Khaimah 2012
What diversification strategy is being undertaken, particularly with regards to enhancing RAK’s attractiveness to foreign investors?
Articles & Analysis | A rising star: Welcoming investment to its many expanding sectors from The Report: Ras Al Khaimah 2012
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.
Ras Al Khaimah has a rich history. This chapter examines a recurring theme of RAK’s past, the emirate’s defence against foreign incursions. The area that now makes up present-day RAK was historically a popular target for invaders due to the location at the entrance of the Gulf. This maritime potential made RAK an important shipping point throughout the ages. Indeed, RAK drew military challenges...
Though one of the smaller emirates in the UAE, RAK is developing as a tourism destination. The emirate received 835,200 tourists in 2011, a significant increase over the previous year, which saw 600,000 visitors. There are hopes that these figures will continue to rise to reach 1.2m by 2013. To facilitate this, RAK International Airport is currently being expanded at a cost of $27m. New runways...