Local Business

RAK FTZ welcomes 2016 with over 8,600 firms

Staff Report/Ras Al Khaimah
Filed on January 11, 2016

The impressive figure was driven by the free zone's dedication in attracting foreign investors.

Ras Al Khaimah Free Trade Zone, or RAK FTZ, has announced a significant growth in the number of its active companies from 8,000 to more than 8,600 clients hailing from over 100 countries and representing more than 50 industry sectors.

Ramy Jallad, acting CEO of RAK FTZ, noted that the impressive figure was driven by the free zone's dedication in attracting foreign investors to take advantage of Ras Al Khaimah's (RAK) business-friendly environment and RAK FTZ's wide-ranging business solutions.

"It is truly incredible how RAK FTZ has grown over a short period of time. Looking back in 2011, we had about 4,000 companies operating in the free zone. A couple of years later, our client portfolio rose to over 8,600. Our determination in developing not only our facilities but also our system and processes to provide ease to clients are definitely paying off. This is a proud moment for each of us in the free zone," Jallad said.

In 2015, RAK FTZ has undergone major infrastructure developments, which included the opening of 100 new warehouses with permanent water and electricity supply; the launching of its state-of-the-art District Cooling Plant; and the inauguration of its Boulevard Business Centre in Downtown Dubai to be more convenient for clients and investors in other emirates.

- business@khaleejtimes.com

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