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Ras Al Khaimah Economic Zone (RAKEZ) participates in the prestigious forum to discuss the impact of industrial zones on economic progress.
Ras Al Khaimah, 2 June 2023 – RAKEZ, the Ras Al Khaimah Economic Zone, showcased its commitment to the manufacturing sector and the pivotal role of industrial zones at the second edition of the Ministry of Industry and Advanced Technology’s (MoIAT) ‘Make it in the Emirates’ forum. The event held recently, served as a platform for industry leaders, government officials, and stakeholders to discuss the significance of industrial zones in driving economic growth.
Positioning the UAE as a Global Hub for Emerging Industries
The forum’s primary objective was to establish the United Arab Emirates (UAE) as a preferred global hub for emerging industries and to encourage local production by attracting investors, innovators, and developers. Participants had the opportunity to explore the multitude of benefits and opportunities offered within the UAE ecosystem.
RAKEZ Group CEO’s Insightful Participation
Ramy Jallad, CEO of RAKEZ, participated as a panelist in the ‘Make it in the Emirates’ forum. During the panel discussion, he shared valuable insights and forward-thinking perspectives on leveraging industrial zones to drive the growth of the UAE’s manufacturing sector. Jallad also highlighted industrial zones’ role in attracting local and foreign investors.
The UAE’s Secret Formula
Jallad emphasized the UAE’s unique value propositions, stating that the country’s success can be attributed to a combination of ambition, strategic positioning, and unwavering support for businesses. He highlighted the business-friendly ecosystem, tailored solutions for SMEs and large manufacturers, transparent regulations, and a plug-and-play environment as factors that contribute to the UAE’s appeal for investors.
The Crucial Role of Industrial Zones in Economic Diversification
Jallad underscored the vital role that industrial zones play in economic diversification and their potential to attract both local and international investments. He described RAKEZ as an ideal incubator for industrialists driving the UAE’s non-oil economic transformation, offering robust infrastructure, access to global supply chains, and ample growth opportunities in a business-friendly ecosystem.
RAKEZ’s Commitment to Facilitating Business Growth
By participating in the ‘Make it in the Emirates’ forum, RAKEZ reaffirmed its commitment to the national industrial strategy ‘Operation 300bn,’ aimed at facilitating business growth and driving economic diversification. Through engaging with industry leaders, entrepreneurs, and government officials, RAKEZ explored collaborative opportunities to advance the UAE’s industrial sector and promote the country as a thriving business destination.
RAKEZ is a leading business and industrial hub established by the Government of Ras Al Khaimah in the UAE. With over 18,000 companies from 100+ countries and across 50 industries, RAKEZ provides entrepreneurs, startups, SMEs, and manufacturers with a wide range of solutions, including free zone and non-free zone licenses, customizable facilities, and first-class services in a one-stop shop.
Specialized zones within RAKEZ cater to specific investor needs, such as Al Nakheel and Al Hamra Business Zones for commercial and service companies, Al Ghail, Al Hamra, and Al Hulaila Industrial Zones for manufacturers and industrialists, and an Academic Zone for educational providers.
RAKEZ aims to attract diversified investment opportunities that contribute to the economic growth of Ras Al Khaimah.