Peter Fort, CEO of Ras Al Khaimah Free Trade Zone (RAK FTZ), one of the fastest-growing and most cost-effective free zones in the UAE, offered business-friendly investment opportunities for Malaysian companies to expand into the Middle East, Africa and Europe.
RAK FTZ, which is located less than an hour’s drive from Dubai, is home to over 7,500 companies from more than 100 countries, representing more than 50 industry sectors.
“The UAE has become a leading global destination for investors from Malaysia, and RAK FTZ in particular is a leading hub of the industrial manufacturing sector that Malaysian investors prefer,” said Peter Fort, CEO of RAK FTZ.
“This strong trade partnership is the result of the UAE’s political stability, sound economic policies, business-friendly regulatory environment and zero tax regime. Within the UAE, RAK FTZ provides a safe, secure, flexible, and cost-effective investment environment that empowers Malaysian companies to maximise their return on investment.”
Mr Fort led the seminar in Kuala Lumpur at the courtesy of the UAE Embassy and the Malaysia External Trade Development Corporation (MATRADE), a network of enterprises that promotes the export of Malaysian goods and services overseas. It was the second time Mr Fort had visited Kuala Lumpur to encourage investors there to set up shop at RAK FTZ. He also led a seminar for Malaysian investors in April.
“I would like to thank the UAE Embassy and MATRADE for inviting me again to share the benefits of RAK FTZ with investors who would like to set up profitable companies in the Middle East,” Mr Fort said. “RAK FTZ provides the same award-winning services, top-notch facilities, and strategic geographical advantages as free zones in other emirates, but at substantially lower cost, allowing for greater profits.”
Headquartered in Ras Al Khaimah, one of the seven emirates that comprise the UAE along with Abu Dhabi and Dubai, RAK FTZ allows 100 per cent foreign ownership, full repatriation of capital and profits, and full tax exemption to investors. The free zone also provides easy access to fast-growing markets in the Middle East, Africa, and Europe, and makes it easy for investors to tap into the trade flows between East and West.