RAKEZ enhances its support for businesses operating in diverse activities and industries
In 2023, Ras Al Khaimah Economic Zone (RAKEZ) attracted over 7,800 new companies strategically chose RAKEZ as their base to establish and flourish within its thriving business community. This remarkable surge represents an 86% increase in new registrations compared to the previous year, further underscoring RAKEZ’s enduring appeal as the go-to destination for entrepreneurial success, according to a press communique.
“We go the extra mile to ensure that they have the tools and support needed to thrive within our dynamic ecosystem and expand their operations seamlessly, reaching new markets,” remarked Ramy Jallad, CEO, RAKEZ Group.
Over the past year, RAKEZ amplified its support for businesses operating in diverse activities and industries, including, but not limited to, technology, manufacturing, logistics, renewable energy, e-commerce, media, trading, AI and robotics, specialised industrial machinery, construction, building materials, and, engineering and consultancy, among many more.
Tailored packages
The economic zone achieved this by introducing tailored set-up packages, launching new products and services, constructing more warehouses, open yards, storage units, and workers’ accommodations, as well as forging strategic partnerships.
Simultaneously, the existing businesses within the RAKEZ community experienced substantial growth throughout 2023, with close to 100 companies expanding their operations across various sectors. Notable industries included structural steel manufacturing, automotive and parts manufacturing, foodstuff mills and packaging, appliances, machinery, engines, vehicle manufacturing, and building materials, among many others, the press statement concluded.
