Ras Al Khaimah Investment Authority (RAKIA), a major provider of investment opportunities and one-stop solutions in its free zones, industrial parks and offshore facilities as well as in real estate developments and other ventures, has revealed that it has attracted interest from new investors from different countries following its participation as sponsor at the recently concluded Arab Investment Summit 2010 in Abu Dhabi. The enthusiastic investor response reflects the robust investment activity in Ras Al Khaimah during the first quarter of 2010 wherein RAKIA achieved a 75 per cent growth in the total number of business licences issued over the same period in 2009.
RAKIA disclosed that it has also conducted a special presentation during the Summit, highlighting the strategic importance of Ras Al Khaimah as an investment base in the Middle East and the value-added services being offered by RAKIA to local, regional and international investors. The Arab Investment Summit gathered more than 200 investors from all over the world along with business and government leaders from Arab countries to discuss major developments, challenges and successful investment initiatives in the Middle East.
Dr. Khater Massaad, CEO, RAKIA, said: "The Arab Investment Summit has been a key platform to promote Ras Al Khaimah's fast emerging role as catalyst for growth in the area of foreign investments in the Middle East. We should take advantage of the region's resiliency as the Arab World has been relatively unaffected by the global recession and remains highly attractive to regional and international investors. In this regard, RAKIA has stepped up efforts to build world-class business infrastructure, while the RAK Government has been focusing on enacting business-friendly policies in a collective effort to generate greater global interest and awareness about the excellent investment potential of Ras Al Khaimah and the Middle East."
Since its establishment in 2005, RAKIA has become one of the pillars of the emirate's economic progress, generating billions of dollars in annual revenues through groundbreaking investment initiatives within the emirate and across international markets. Aside from managing Ras Al Khaimah's Industrial Zone and Free Zone in Al Hamra, and the Industrial Park in Al Ghail, RAKIA has also expanded its operations in other key sectors including offshore services, education and technology, real estate, transportation, energy and investments.
