With little in the way of hydrocarbons reserves and limited domestic exploration under way, Ras Al Khaimah’s energy sector has expanded on the back of its two major upstream players: RAK Gas and RAK Petroleum. The two firms each have interests in international exploration and production (E&P), and have undertaken efforts to improve...
How will research and development (R&D) grow in RAK and what role does the SKSH play in this?
Geographical location, well-developed infrastructure and free trade within the GCC are among the top logistical advantages offered to businesses locating in Ras Al Khaimah. The emirate benefits from the high standard of road networks in the broader UAE and from close proximity to some of the world’s busiest airports and ports, but it also has...
As the management of Ras Al Khaimah International Airport (RAKI) prepare to celebrate the facility’s 40th anniversary in 2016, they are working to expand its role as a budget airline destination, cargo hub and business centre. The hope is that deals signed in 2014 and 2015 will prove to be significant milestones in the airport’s history.
The property market in Ras Al Khaimah has shown robust growth and resilience to the volatility found elsewhere in the UAE, and is set to benefit from a fresh injection of investment. More than Dh4bn ($1.1bn) is being spent on new housing schemes that will come onto the market by 2017.
The retail landscape in Ras Al Khaimah is set for a period of expansion, renewal and rejuvenation. In 2015 the oldest shopping mall in the emirate announced plans to double in size within 12 months, and new outlets opened in a water-front retail complex in the centre of the city. With these developments, the range of brands, food outlets and...
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