Expanding human and social capital and diversifying the economy into emerging sectors such as tourism and real estate are key planks of Ras Al Khaimah’s development strategy. As a result, tourism and residential properties are expected to continue to be major drivers of growth in the real estate sector.
Following a significant push to increase the number of schools and education options available, Ras Al Khaimah is now embarking on a series of reforms to improve the quality of education. Most schools and universities identify English, basic maths and communications as weaknesses in the student population, and see these as barriers to their...
Ras Al Khaimah International Airport stands out as a crucial piece of infrastructure given the emirate’s focus on boosting tourism’s contribution to the economy. Tourism currently accounts for about 2% of GDP, according to the RAK Tourism Development Authority, and RAK’s officials believe they can increase that proportion to 9% within four to...
Although Ras Al Khaimah’s economy is increasingly diversified, its roots lie in extracting natural resources for use as construction materials. This remains a core strength of the emirate’s economy and an important driver of future growth, as RAK’s producers will continue to quarry and export products like aggregate, cement and ceramic tiles....
With strong industrial growth and demand for electricity on the rise, Ras Al Khaimah’s energy needs are expanding at such a rate that it requires the exploration of a number of alternatives to ensure production continues apace. Though the emirate has access to electricity and petrol at lower-than-market prices thanks to supply from its fellow...
Boosting economic integration among the Gulf states has been a key component of the GCC since it was established in late May 1981. While the six states that make up the GCC have implemented joint projects in a wide variety of sectors, economic cooperation remains a core concern. Over the past three decades the region’s GDP growth rates have consistently been among the...
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