Ras Al Khaimah Economic Zone (RAKEZ) attracts overwhelming response from Indian Industries
Ras Al Khaimah Economic Zone (RAKEZ) attracts overwhelming response from Indian Industries, puts special focus on India
by Prashant Kapadia/NHN
Mumbai, 21 November 2017: Ras Al Khaimah Economic Zone (RAKEZ) today said that they have received an overwhelming response from Indian industries to set up their units and facilities at Ras Al Khaimah Economic Zone in the UAE. This will provide a huge competitive edge they believe, to the Indian companies to compete with international markets as the cost of operations on set up as Ras Al Khaimah Economic would be reduced anywhere from 25 to 50 percent.
Ras Al Khaimah Economic Zone (RAKEZ) is fast emerging as the world’s fastest growing free and non-free economic zones providing a metropolitan culture for living and working in addition to all the facilities required to set up the industry. They give clearances with all licenses and other documentation required within 24 hours.
Industries from India such as Pharmaceuticals, Chemicals, Manufacturing, Auto, IT, Technology, Biotech, Financial Services etc. have shown keen interest to operate also from Ras Al Khaimah Economic Zone (RAKEZ) during an investment summit held here at a Press Conference here in Mumbai.
Addressing the Press Conference held here at Mumbai, His Highness Sheikh Ahmed Bin Saqr Al Qasimi, Chairman of RAKEZ, said that India has a special place for him in his heart and that he’s put in a lot of focus on India and other Asian company corporates from Ras Al Khaimah which provides international tasks, facilities in every way and provides access to global markets.
RAKEZ has also teamed up with KPMG the management consultant firm to host the investment forum here in India, which takes place over the next two days 21st to 23rd November 2017 at Mumbai.
“We currently have 3,100 Indian companies across a broad spectrum of industry sectors at RAKEZ, constituting 22.7% of our entire business community. This makes the Indian investors as our largest population based on nationality,” said Jallad. “We continuously receive high volume of enquiries from Indian investors and I believe it is our cost-friendly business solutions that attract them to RAKEZ. But do you know what makes them stay? It is our commitment to offering client experience that is second to none. We provide our stakeholders seamless processes, fast service delivery, and expert support every step of the way. To top it all off, the emirate of Ras Al Khaimah lies at the centre of fast-emerging economies, making RAKEZ as the ideal industrial base and proprietary investment gateway to the region’s thriving markets.”
RAKEZ is home to over 13,000 companies including more than 600 leading manufacturers across exceeding 50 industry sectors. Major Indian industrial businesses at RAKEZ include the automotive assembly company Ashok Leyland; the personal care and products manufacturer, Dabur; and the armoured vehicle manufacturer, Mahindra, among many others.
“We’re incredibly proud to have provided a platform for industrial and manufacturing growth for various Indian companies and we look forward to welcoming more investors from India to our nurturing ecosystem,” Jallad added.
About Ras Al Khaimah Economic Zone (RAKEZ): Ras Al Khaimah Economic Zone (RAKEZ) is an authority established by the government of Ras Al Khaimah to oversee, regulate and consolidate the services, facilities and zones of Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA), and serves their respective clients. Established in 2017, RAKEZ builds on 17 years of consistent value generation by RAK FTZ and RAKIA.
RAKEZ offers its clients easy access to local markets of the UAE, in addition to growing markets of the Middle East, North Africa, Europe, and South and Central Asia. The authority offers free zone and non-free zone licences through RAK FTZ and RAKIA for companies operating in diverse industry sectors including, manufacturing, consulting, trading, logistics, academic, media and many more.
RAKEZ currently hosts over 13,000 companies from entrepreneurs and startups to SMEs and manufacturers covering over 50 industries from over 100 countries. Through its five specialised zones including RAKEZ Business Zone, Al Hamra Industrial Zone, Al Ghail Industrial Zone, Al Hulaila Industrial Zone and RAKEZ Academic Zone, it offers a wide range of customisable and cost-effective solutions for existing clients and potential investors. All clients have access to three local offices in Ras Al Khaimah, Dubai and Abu Dhabi, and international offices in India, Turkey and Germany
A leading economic zone, RAKEZ, aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.