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Ras Al Khaimah Economic Zone (RAKEZ) has recently concluded a highly successful business mission in China, underscoring its commitment to expanding international collaborations and reinforcing its status as a premier investment hub. The mission was marked by RAKEZ’s active participation in the prestigious China International Fair for Investment & Trade (CIFIT), where His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, delivered a keynote address that captivated the audience. The event saw multiple strategic agreements signed, highlighting Ras Al Khaimah’s appeal as a business-friendly destination.
Expanding Business Ties Through Strategic B2B Activities
The RAKEZ mission featured a series of high-profile business-to-business (B2B) activities across major Chinese cities. These engagements aimed at fortifying existing relationships and fostering new partnerships with Chinese enterprises. The economic zone’s delegation, led by RAKEZ Group CEO Ramy Jallad, showcased Ras Al Khaimah’s unique business environment, offering Chinese companies a gateway to the Middle East and beyond.
RAKEZ Shines at CIFIT Under the ‘Invest RAK’ Pavilion
A significant highlight of RAKEZ’s mission was its participation in CIFIT, where it joined forces with other key entities from Ras Al Khaimah under the ‘Invest RAK’ pavilion. This collaborative showcase included prominent players like the Ras Al Khaimah Chamber of Commerce and Industry, Marjan, Ras Al Khaimah Tourism Development Authority, Ras Al Khaimah Digital Assets Oasis, Ras Al Khaimah Properties, Ras Al Khaimah Ports, and RAKBANK, alongside representatives from the UAE Ministry of Economy. Together, they presented a united front, demonstrating Ras Al Khaimah’s diverse economic landscape.
The ‘Invest RAK’ pavilion highlighted Ras Al Khaimah’s strategic position as a regional hub, extending an open invitation to Chinese businesses to explore the emirate’s numerous investment opportunities. With sectors spanning real estate, logistics, economic development, tourism, hospitality, technology, and innovation, the pavilion underscored the emirate’s comprehensive and investor-friendly ecosystem.
Key MoUs Signed to Foster Economic Cooperation
RAKEZ’s mission in China was marked by the signing of significant Memorandums of Understanding (MoUs), witnessed by His Highness Sheikh Saud bin Saqr Al Qasimi. One of the pivotal agreements was between Shenzhen Longhua District, represented by Lan Tao, Member of the Standing Committee of the CPC Longhua District Committee, and Ramy Jallad, Group CEO of RAKEZ. This MoU focuses on promoting trade and investment cooperation, particularly in sectors such as the digital economy, new energy, healthcare, and advanced manufacturing.
Another crucial MoU was signed with construction giant THi, represented by Michael John Lane, Partner at SC Capital Partners, and Ramy Jallad. This partnership aims to explore joint ventures on diverse projects, from industrial facilities to educational institutions, reflecting a shared vision to enhance Ras Al Khaimah’s infrastructure and economic appeal.
Aligning with the Belt and Road Initiative for Strategic Growth
Ras Al Khaimah’s economic strategies are closely aligned with China’s Belt and Road Initiative (BRI), reinforcing the emirate’s role as a strategic connector within this global framework. This alignment enhances Ras Al Khaimah’s ability to attract Chinese companies seeking stability, strategic market positioning, and robust growth opportunities. The sustained progress of the BRI continues to draw Chinese investments to Ras Al Khaimah, underscoring the emirate’s growing importance on the international stage.
Attracting Chinese Investments: A Key Driver of Economic Diversification
Recognising the vital role of Chinese enterprises in diversifying its economic landscape, RAKEZ has been actively engaging with Chinese entrepreneurs, government officials, and industry leaders. Through strategic meetings and roadshows, RAKEZ has successfully attracted over 250 Chinese companies across sectors such as recycling, LED lighting, engineering, and packaging. These investments are not only contributing to the region’s economic growth but are also positioning Ras Al Khaimah as a dynamic hub for innovation and business development.
One of the landmark deals secured during the mission was a USD 360 million lease agreement with China’s Shandong Timber and Wood Products Association. This agreement will see the establishment of Zhong A Shandong Industrial Park, a 1 million square metre project poised to attract 60 companies and generate over 3,500 jobs within the next five years, further cementing Ras Al Khaimah’s reputation as a preferred destination for Chinese investors.
Ras Al Khaimah’s Vision: Building a Sustainable Business Ecosystem
RAKEZ’s proactive approach to international relations, as exemplified by its mission to China, reflects its broader strategy of fostering sustainable economic growth. By aligning with global economic initiatives and actively pursuing international partnerships, RAKEZ is positioning Ras Al Khaimah as a leading investment destination. The strategic MoUs signed with Chinese partners are not just symbolic gestures but concrete steps towards enhancing the emirate’s economic fabric and expanding its global footprint.
The emirate’s commitment to building a robust and diversified economy is evident in its ongoing efforts to attract global businesses across various industries. As RAKEZ continues to facilitate international collaborations, Ras Al Khaimah is set to play an increasingly pivotal role in the global economic landscape, offering unparalleled opportunities for investors looking to tap into the burgeoning markets of the Middle East and Africa.
Conclusion
RAKEZ’s extensive business mission in China underscores its dedication to enhancing Ras Al Khaimah’s appeal as a premier investment hub. Through strategic partnerships, active participation in high-profile events like CIFIT, and a clear alignment with global initiatives like the Belt and Road, RAKEZ is paving the way for a prosperous future. As the emirate continues to build on these achievements, Ras Al Khaimah stands poised to attract even more international investments, driving forward its vision of economic growth and sustainable development.
