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 announced that senior-level RAKIA executives have recently visited Greece for a high-profile meeting with more than 260 corporate executives, investors and business leaders in the country. RAKIA provided a special presentation about the UAE, the emerging investment opportunities in Ras Al Khaimah, the emirate's accelerated industrial development and the exciting possibilities being offered through RAK Offshore.
Representatives from manufacturing, trading, real estate and banking companies and high-net worth individuals from Greece as well as business and legal consultants attended the event, which is part of an ongoing campaign to encourage Greek and other European investors to invest in Ras Al Khaimah. The networking activity was organised in conjunction with Capital Partners Group from Athens, Greece.
Dr. Khater Massaad, CEO, RAKIA, said: "We are leveraging the excellent bilateral relations between the UAE and Greece to generate interest in investment opportunities that have emerged in Ras Al Khaimah. The response has been exceedingly positive as numerous business entities and high-net worth individuals attended the road show to discuss possible investment prospects in the emirate. The successful networking activity has helped RAKIA strengthen its ties with the Greek business community and has motivated us to pursue a more aggressive campaign in other European markets."
Raed Mustafa, General Manager – Industrial Parks, RAKIA, said: "It has been RAKIA's strategy to continuously improve infrastructure facilities in critical areas such as telecommunications, transportation and utility services to cater to the diverse needs of investors. Moreover, we have built dedicated clusters for various industries that make it a lot easier for companies to operate and grow their businesses. The combination of world-class infrastructure and business-friendly policies has certainly made Ras Al Khaimah a truly attractive destination for Greek Investors."
RAKIA develops and manages Industrial Parks, including free and non-free zones. It operates as a one-stop shop that offers statutory support in terms of licensing and registration, investors' visa processing, design permits as well as providing land for industrial activities, warehouse and pre-built facilities for light industrial activities, and office and commercial facilities.
Companies and investors in Ras Al Khaimah can enjoy the emirate's free-zone and non-free-zone benefits and strategic business advantages that include tax exemption, minimal proof of capital, low-cost trade, excellent infrastructure, reduced bureaucracy and a highly centralised business location that is just a short distance away from other major economic hubs such as Dubai and Abu Dhabi, and is in proximity to three international airports as well as other key transportation facilities.
Since its establishment in 2005, RAKIA has become one of the pillars of the emirate's economic progress, generating multi-billion 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.
