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Ras Al Khaimah Economic Zone and Ukrainian Business Council Join Forces to Boost Economic Collaboration
Ras Al Khaimah Economic Zone (RAKEZ) and the Ukrainian Business Council (UBC) have recently forged a strategic agreement aimed at enhancing economic collaboration between the two nations. This partnership not only opens up greater investment prospects but also strengthens the bilateral ties between the United Arab Emirates (UAE) and Ukraine.
MoU Signing Strengthens Economic Bonds
The signing of the Memorandum of Understanding (MoU) was a momentous occasion, attended by prominent figures such as Yaser Abdulla Al Ahmed, RAKEZ’s Chief Government & Corporate Relations Officer, and Olena Shyrokova, President of the Ukrainian Business Council. The conference, held in Ras Al Khaimah, brought together department heads from RAKEZ alongside a delegation comprising UBC’s management and business owners.
Tailor-Made Solutions Unlock Unprecedented Opportunities
One of the major highlights of this collaboration is the unparalleled access it provides to Ukrainian investors seeking tailor-made, competitive business set-up solutions in the UAE through RAKEZ. Both RAKEZ and UBC will work in synergy, leveraging joint events and campaigns to emphasize the myriad benefits arising from this partnership.
Enthusiasm Fuels Alliance
Expressing their enthusiasm about this new alliance, Shyrokova shared her thoughts, stating, “This MoU represents a crucial step towards bolstering economic ties between our two nations. Situated in close proximity to the port, RAKEZ emerges as an attractive destination for Ukrainian trading companies contemplating the relocation of their businesses to the UAE. With its highly developed infrastructure, the free zone caters to the requirements of various market sectors, including manufacturing, IT, and real estate. I foresee a vast range of opportunities for cooperation lying ahead.”
RAKEZ Group CEO, Ramy Jallad, reiterated the vast potential for Ukrainian businesses to thrive in the UAE, particularly in Ras Al Khaimah. He highlighted the unique advantages of complete foreign ownership and the promising returns on profits, which create an incredibly favorable business environment for Ukrainian investors seeking to establish or expand their presence in the UAE. The alliance between RAKEZ and the Ukrainian Business Council aims to cultivate a mutually beneficial relationship that propels Ukrainian enterprises to prosper amid the vibrant and booming economic landscape of the UAE.
Exploring New Horizons: Ukrainian Delegation’s Visit
During their visit, the Ukrainian delegation familiarized themselves with RAKEZ and received comprehensive briefings on the process of starting or moving their businesses to the UAE. Additionally, they had the opportunity to engage with officials from the Ras Al Khaimah Tourism Development Authority, Al Marjan Island, and Ras Al Khaimah Properties. As part of their itinerary, they also embarked on a tour of the state-of-the-art facilities at Ras Al Khaimah Ports.
Frequently Asked Questions:
A: The strategic agreement aims to boost economic collaboration and strengthen bilateral ties between the UAE and Ukraine while providing Ukrainian investors with tailored business solutions in the UAE through RAKEZ.
A: Yaser Abdulla Al Ahmed, Chief Government u0026 Corporate Relations Officer of RAKEZ, and Olena Shyrokova, President of the Ukrainian Business Council, signed the MoU.
A: Located in close proximity to the port, RAKEZ offers a highly developed infrastructure that meets the requirements of various market sectors. It emerges as an attractive destination for Ukrainian trading companies considering business relocation to the UAE.
A: The UAE, particularly Ras Al Khaimah, provides a world of opportunities for Ukrainian businesses to flourish. Complete foreign ownership and favorable returns on profits create a highly favorable business environment for Ukrainian investors looking to establish or expand their presence in the UAE.
A: The Ukrainian delegation received comprehensive briefings on starting or moving businesses to the UAE, engaged with officials from various organizations, and explored the state-of-the-art facilities at Ras Al Khaimah Ports.
