The area that now makes up present-day Ras Al Khaimah was historically a popular target for invaders due to the emirate’s strategic location at the entrance of the Gulf. This maritime potential made RAK an important shipping point throughout the ages. Indeed, RAK drew military challenges from not only Islamic clans in the Gulf, but also imperial...
A rising population and changing lifestyle patterns are creating new challenges for Ras Al Khaimah’s health care industry. Increasing health care concerns are of great consequence to the government at both the federal and emirate level, and the situation requires greater participation from the private sector as well. New opportunities for the...
The importance of education to today’s knowledge- and skills-based economies cannot be overstated, and as a result, tertiary schools shoulder much of the burden in effectively preparing tomorrow’s job seekers. “Companies need recent graduates who do not require additional training before they can add value on the job,” explained Raj Nambiar,...
Although the UAE is an oil-rich country – the eighth-largest producer of oil in the world, with output of 2.8m barrels per day (bpd) in 2010, according to the US Energy Information Administration, and the fourth-biggest exporter – the emirate of Ras Al Khaimah has relatively limited resources when it comes to hydrocarbons. Oil and gas accounted for...
Over the past decade, Ras Al Khaimah has positioned itself as a manufacturing centre in the UAE, with industry making a significant contribution to the emirate’s GDP at over 30%. A number of factors – including its convenient location with good infrastructure connections and non-application of income, sales and corporation tax – have attracted...
Relatively unaffected by the global slowdown, Ras Al Khaimah has witnessed extremely rapid growth in the past decade. The emirate’s GDP grew by approximately 8% in 2011, according to RAK’s Department for Economic Development. Industry was the main driver of this growth, accounting for around 30% of GDP in the same year. The rise in GDP served to...
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×