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In a global landscape driven by economic collaborations, Ras Al Khaimah Economic Zone (RAKEZ) emerges as a pivotal player in fostering robust business relations between India and the Gulf Cooperation Council (GCC) countries. Recognized for its exceptional support to Indian companies, RAKEZ recently clinched the prestigious ‘Best Special Economic Zone (SEZ)’ award at the Annual India GCC Achievers Awards 2024. Let’s delve into how RAKEZ’s endeavors have enhanced India-GCC relations and empowered businesses on both fronts.
RAKEZ’s Triumph at the Annual India GCC Achievers Awards:
At the Annual India GCC Achievers Awards 2024, organized by the Indian Economic Trade Organization (IETO) in New Delhi, RAKEZ clinched the coveted title of ‘Best Special Economic Zone (SEZ)’. This accolade underscores RAKEZ’s unwavering commitment to facilitating Indian companies and bolstering economic ties between India and the GCC nations.
The Significance of India GCC Achievers Awards:
The Annual India GCC Achievers Awards serve as a beacon of excellence, recognizing industry leaders, entrepreneurs, and organizations whose contributions have propelled the economic landscape of the GCC region. The platform aims to strengthen the socio-economic bonds between India and the GCC countries through these accolades, fostering mutual growth and prosperity.
Commendation from IETO President:
Asif Iqbal, President of IETO, lauded RAKEZ for its exemplary services and support extended to Indian entrepreneurs venturing into the UAE market. He emphasized RAKEZ’s pivotal role in enhancing Indo-UAE trade relations, particularly amidst the Comprehensive Economic Partnership Agreement (CEPA), which heralds a new era of collaboration and development.
Insight from RAKEZ Group CEO:
Ramy Jallad, CEO of RAKEZ Group, expressed pride in RAKEZ’s recognition as the leading regional economic zone, highlighting its dedication to fostering business excellence and attracting Foreign Direct Investment (FDI) into Ras Al Khaimah. He underscored India’s significance as a key source of FDI for the region, with over 5,300 Indian companies leveraging RAKEZ’s robust platform for growth and expansion.
RAKEZ: A Catalyst for Business and Investment:
RAKEZ stands as a beacon of opportunity, offering diverse services and facilities tailored to cater to businesses across sectors and scales. Its unwavering commitment to nurturing an environment conducive to innovation and prosperity has positioned it as the preferred destination for Indian businesses seeking to tap into the Gulf market.
Facilitating Growth and Innovation:
RAKEZ’s comprehensive suite of services goes beyond traditional business support, encompassing initiatives to foster innovation and entrepreneurship. From state-of-the-art infrastructure to streamlined processes, RAKEZ empowers Indian businesses to thrive in a dynamic and competitive global marketplace.
Strengthening Economic Ties:
The influx of Indian businesses into Ras Al Khaimah signifies the deepening economic ties between India and the GCC region. RAKEZ catalyzes this synergy, facilitating seamless trade and investment flows while bolstering cultural exchange and collaboration.
Tailored Solutions for Indian Entrepreneurs:
Recognizing the unique needs of Indian entrepreneurs, RAKEZ offers tailored solutions and support mechanisms to navigate the complexities of establishing and scaling businesses in the UAE. From company registration to visa processing, RAKEZ streamlines the setup process, empowering Indian entrepreneurs to focus on growth and expansion.
Harnessing the Power of Collaboration:
RAKEZ’s success stems from its collaborative approach, forging strategic partnerships and alliances to create value for its stakeholders. Through synergistic collaborations with Indian industry bodies and government agencies, RAKEZ amplifies its impact, driving innovation and fostering sustainable growth.
Empowering SMEs and Startups:
In line with the UAE’s vision to foster a vibrant entrepreneurial ecosystem, RAKEZ specialises in empowering SMEs and startups. Through tailored support programs, access to funding, and mentorship initiatives, RAKEZ nurtures the next generation of Indian entrepreneurs, driving economic diversification and job creation.
Navigating Regulatory Landscape:
Entering a new market can be daunting, especially with complex regulatory frameworks. RAKEZ is a trusted partner, guiding Indian companies through the intricacies of UAE regulations, ensuring compliance, and mitigating risks.
RAKEZ’s Commitment to Sustainability:
Beyond economic prosperity, RAKEZ is committed to environmental sustainability and social responsibility. RAKEZ strives to create a lasting impact through eco-friendly initiatives and community engagement programs, driving sustainable development and inclusive growth.
Conclusion:
In conclusion, RAKEZ’s recognition as the ‘Best Special Economic Zone (SEZ)’ underscores its pivotal role in fostering economic synergies between India and the GCC region. Through its unwavering commitment to business excellence, innovation, and sustainability, RAKEZ continues to empower Indian entrepreneurs, driving mutual prosperity and development across borders. As the economic landscape evolves, RAKEZ remains steadfast in its mission to unlock the full potential of business partnerships between India and the Gulf, heralding a new era of collaboration and growth.
