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Ras Al Khaimah Investment Authority to sponsor Arab Investment 2010

United Arab Emirates: Monday, April 19 - 2010 @ 11:17

Rakia was formed in the year 2005 with a mandate to ameliorate and boost the economy of Ras Al Khaimah as well as attract FDI into the emirate. Since formation, Rakia has attracted more than 2500 companies that include around 500 manufacturing industries including a large number of manufacturing industries. These industries are diverse, strategic and are in the areas of renewable energy, pharmaceuticals, consumable hygienic products, vehicle assembly, glass & table ware, float glass sheet, cement and hi-end technology.

Rakia is a one stop shop for all investor needs and offers a single window clearance for industrial and trading licenses, leasing of land for setting up factories and manufacturing facilities, visas and permits as well as all necessary governmental approvals thereby providing peace of mind to the investor.

Rakia is the gateway to investing in Ras Al Khaimah, one of the seven emirates that constitute the United Arab Emirates voted by the FDI magazine, part of the Financial Times group, as being the best destination in the middle east for Foreign Direct Investment(2008/2009).

Investors who choose to invest in our free zones and non-free zones can access a wide range of facilities like housing for their employees, accommodation for their blue collar workers, executive residences for their high officials as well as office space, all at extremely competitive prices.

Rakia is currently offering land and warehousing facilities at some of the best prices in the region and investors will gain by being strategically located, close to world class ports and international airports that connect the UAE to virtually all corners of the world.

A state of the art power plant in the Al Ghail Industrial area of Ras Al Khaimah that offers land for free and non free zone companies, has become a recent feather in the cap, offering industries access to unlimited power.

All our industrial and free zones benefit from sewage treatment plants and waste disposal facilities as well as offer people working in the zones access to health care units and schooling vital to creating a thriving industrial township.

Held in conjunction with Ukraine-Middle East Business Council Centre aptly staged in one of the world’s richest cities, the Arab Investment Summit brings together investors, financers and government officials for a networking and business experience that blends an industry-leading conference with a tightly focused exhibition and high-class social functions.

With iGroup being a leader in conference and training, this summit would provide a platform for Rakia to find the investors, business entrepreneurs and financers who are looking for investment opportunities within the region.

Commenting on their participation, Dr. Khater Massaad, CEO of Rakia, said, “We are really excited to be a part of the Arab Investment Summit and are looking forward to possible strategic alliances and partnerships with businesses and institutions. Rakia has always supported initiatives such as this summit that aims to bring investors and institutions supporting and serving businesses together to foster long standing and mutually beneficial relationships. We wish the summit all the very best.”

The summit will also feature H.E. Abdullah Ahmed Al Saleh- Director General of the UAE Ministry of Foreign Trade, H.E Eng. Ali Bin Saleh Al Barrak – President & CEO, Saudi Electricity Company, Bennani Omar – CEO, Morocco Agency for Tourism and Development, Pavel A. Klimets – Chairman, Member of Ukrainian Parliament and Ukrainian Middle East Business Council Center among many others.

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Monday, April 19- 2010 @ 11:17 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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