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...
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...
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...
In the Gulf, diversification is the name of the game. Directly or indirectly, the region derives most of its income from hydrocarbons. Given that these resources are finite, governments have long sought to reduce this dependency by promoting growth in non-oil sectors, such as manufacturing, tourism and banking, with varying degrees of success....
Over the past decade the emirate of Ras Al Khaimah has developed a reputation as an up-and-coming player in the Middle East and further afield. In 2011 RAK’s status continued to grow, despite political volatility elsewhere in the region and ongoing concerns about international financial stability. This is largely the result of a series of...
Which sectors will provide RAK with the greatest growth over the next few years, and what steps are being taken to attract investors?
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