Ras Al Khaimah woos Brazilian investors

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Ras Al Khaimah firms flaunted the many benefits and advantages to be gained from investing in the UAE, particularly in the emirate.

Dubai - Emirate showcases potential investment opportunities

By Staff Report

Published: Sat 2 Sep 2017, 8:31 PM

Last updated: Sat 2 Sep 2017, 10:34 PM

The Arab Brazilian Chamber of Commerce (ABCC) hosted a delegation from the Ras Al Khaimah Economic Zone (RAKEZ) as part of the emirate's move to attract more Brazilian investments into the UAE.
The delegation delivered a presentation showcasing potential investment opportunities in RAK to Brazilian business owners during a meeting recently organised by the ABCC in Sao Paulo.
RAKEZ, the organisation in charge of Ras Al Khaimah's investment authority and free trade zones, threw the spotlight on the many benefits and advantages to be gained from investing in the UAE. RAKEZ offers key access to large markets, attractive tax incentives, 100 per cent ownership, modern infrastructure, transparent government processes and wide access to a large variety of product suppliers and service providers.
Dr Michel Alaby, secretary-general and CEO of the ABCC, said: "Brazilian investors have expressed key interest in exploring business opportunities in the UAE, especially across its different emirates. Ras Al Khaimah proves to be a very strategic location for Brazilian companies - offering the option of using the free zone as a hub to serve the Gulf market, as well as those of Pakistan, India and the former Soviet republics."
RAKEZ oversees three industrial parks, as well as zones for foreign trade businesses to operate from, services, consulting firms, educational organisations and media companies.
The hub is currently home to some 13,000 companies from 100 different countries and active in over 50 industries.
In 2014, representatives from the Ras Al Khaimah Free Zone held a similar presentation in Sao Paulo, which shared that there were 25 Brazilian companies in the emirate at that time.
Aside from the ABCC-hosted meeting in Sao Paulo, the RAKEZ delegation also delivered a presentation to members of the Federation of Industries of the State of Minas Gerais in Belo Horizonte. The group was joined by Dr Alaby, who delivered a lecture on how to negotiate with Arab countries.
- business@khaleejtimes.com