The economic zone has a robust community of over 1,500 UK companies
The British Prime Minister’s Trade Envoy to the UAE, Gareth Johnson MP, accompanied by UK Ambassador to the UAE, Edward Hobart, and other officials, recently paid a visit to Ras Al Khaimah Economic Zone (RAKEZ) recently.
During the visit, RAKEZ showcased its key achievements and areas of focus, highlighted solutions to boost the bilateral trade between the UAE and the UK and shared the emirate of Ras Al Khaimah’s future development plans.
“Presenting such a wide range of opportunities, we are keen to explore further avenues for cooperation with British investors,” noted Ramy Jallad, Group CEO, RAKEZ.
The economic zone has a robust community of over 1,500 UK companies among more than 5,000 British businesses operating across the UAE. These companies span multiple sectors such as services, commercial, trading, education, manufacturing, e-commerce, and media.
The notable enterprises in RAKEZ include Spatial Composite, a global manufacturer of cabin crew training equipment; Polar Manufacturing, a provider of carbon fibre and composite product solutions; Ahmad Tea, a leading global tea blender and packager; and A2C Services, a supplier of high-quality refurbished laptops worldwide.
The UK is the UAE’s largest European trade partner as of 2022, with exports to the UK amounting to approximately US$ 2.34bn. The launch of the GCC-UK Free Trade Agreement (FTA) last year is expected to further strengthen this strategic economic relationship.
