Ras Al Khaimah Free Trade Zone
The Cost-Effective Investment Destination
|
|
| Founded | 2000 |
|---|---|
| Headquarters | Ras Al Khaimah, United Arab Emirates |
|
Area served
|
Global |
|
Key people
|
His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman Ramy Jallad, Acting CEO |
| Products | Business Licences, Offices, Warehouses and Land for Development |
| Website | www.rakftz.com |
His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman
Ras Al Khaimah Free Trade Zone (RAK FTZ) is a special economic zone in Ras Al Khaimah, which is one of the seven emirates that comprise the United Arab Emirates, along with Abu Dhabi and Dubai. RAK FTZ is around an hour's drive from Dubai. It has investments from more than 8,000 companies in over a hundred countries, representing more than 50 industry sectors.
The free zone provides a tax-free environment, 100% foreign ownership, fast-track visas, freedom to source labour and materials globally, and ongoing business support services. RAK FTZ provides these incentives at lower cost than free zones in other emirates.
RAK FTZ was established in May 2000 by an Emiri Decree. His Highness Sheikh Ahmed bin Saqr Al Qasimi is its chairman.
RAK FTZ has four free zone parks in Ras Al Khaimah – a Business Park for office clients, an Industrial Park for heavy manufacturing, a Technology Park for trading and light manufacturing, and an Academic Zone for educational institutions. It also has representative offices in Turkey, India, and Germany.
RAK FTZ organises the Business Excellence Awards, and ABIYA was awarded the fastest growing company in 2015.
The RAK FTZ Business Park consists of five buildings – Business Centres 1 to 4, and the Administration Building. The Business Park is situated in the heart of Ras Al Khaimah’s business district.
The Industrial Park is located along the Ras Al Khaimah coastal road, approximately 18 km north of Ras Al Khaimah’s city centre, and immediately adjacent to Hulaylah Island. The park is about 6 km from Ras Al Khaimah's Saqr Port, covering an area of 128 hectares. It is developed for heavy industries and warehousing, and also incorporates energy supply. The park’s facilities include on-site employee accommodations, a customs office, an operation supportive services centre, as well as other administrative support and service centres.
Located south of Ras Al Khaimah's city centre, the Technology Park enjoys close proximity to Dubai via Sheikh Mohammed bin Zayed Road (E311) and Ras Al Khaimah International Airport. Covering an area of 100 hectares, it is located opposite Al Hamra Village and Resort. It is situated in a rapidly expanding area devoted to light industries and automated manufacturing, as well as capital-intensive lifestyle projects.
...
Wikipedia