links such as the Emirates Road carriageway and Ras Al Khaimah’s five seaports may very well be joined by another attractive mode of transportation in the near future: a railroad network. The project is called Etihad Rail (etihad means “unity’’ in Arabic), and it aims to...
A number of factors are converging to create a positive outlook for the insurance sector in Ras Al Khaimah. They include the emirate’s strong growth trajectory, a low penetration rate for insurance and the increasing sophistication of RAK’s economic approach. With opportunities come challenges, however: the prospective nature of the market means...
Gulf region signed maritime treaties with the British empire, which was considered to be a major defeat for the Ottomans at the time. By the early 20th century the British had concluded agreements with most of the local tribes and other authorities in the Gulf, shoring up their influence over a wide area that today includes all or part of the...
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...
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×