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In the bustling landscape of global business hubs, Ras Al Khaimah Economic Zone (RAKEZ) has emerged as a beacon of prosperity and growth. The first quarter of 2024 witnessed an unprecedented surge in new company registrations, with a staggering 61% increase compared to the corresponding period in 2023. This surge, which saw 3,000 companies join the vibrant RAKEZ business community, marks a resounding testament to its allure and efficacy as a preferred destination for global investors.
Insights from RAKEZ Group CEO Ramy Jallad
RAKEZ Group CEO Ramy Jallad expressed his elation at the remarkable influx of new businesses, emphasizing RAKEZ’s unwavering commitment to fostering the success of enterprises across diverse sectors. He remarked, “We are thrilled to have welcomed 3,000 new companies in the first quarter of this year, reinforcing our position as a preferred business hub for global investors.”
Attractiveness to Global Investors
The burgeoning appeal of RAKEZ extends far beyond its borders, captivating investors from key markets such as India, Pakistan, the United Kingdom, and Egypt, among others. This widespread international interest underscores the investment-friendly ecosystem of Ras Al Khaimah, characterized by streamlined operational processes and robust support structures.
Sectoral Growth Dynamics
The first quarter of 2024 witnessed substantial growth across various sectors within the RAKEZ economic zone. Service-oriented businesses, encompassing a spectrum of industries including consultancies, IT, marketing management, legal services, and software solutions, constituted a significant portion of new registrations, comprising 38% of the total influx. This surge in service-oriented enterprises underscores RAKEZ’s adaptability and appeal not only to industrial giants but also to professionals and aspiring entrepreneurs seeking a nurturing environment for growth.
Proactive Strategies and Collaborative Partnerships
Ramy Jallad emphasized RAKEZ’s forward-looking strategies and collaborative initiatives aimed at fostering innovation and entrepreneurship. With a robust network of partnerships with government entities, private firms, and business organizations, RAKEZ is poised to provide unparalleled support to investors, empowering them to realize their fullest potential.
Conclusion: A Thriving Ecosystem Poised for Continued Growth
As RAKEZ continues to evolve and expand its footprint on the global stage, the first quarter of 2024 serves as a testament to its unwavering commitment to excellence and innovation. With over 23,000 companies now part of its dynamic community, RAKEZ remains steadfast in its mission to onboard more investors in the upcoming quarters, offering agile business solutions, valuable partnerships, and an environment conducive to growth and success.
