Paves way for significant investment boost from UK to Ras Al Khaimah
HH Sheikh Saud Bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, recently welcomed a high-level British delegation to discuss areas of trade and economic cooperation between the emirate and the UK.
The delegation comprised officials from the British Embassy, including British Prime Minister’s Trade Envoy to the UAE, Gareth Johnson MP, and board members of the British Chamber of Commerce Dubai (BCCD), led by its Chairman Andrew Mortimer and CEO Katy Holmes.
During the visit, RAKEZ Managing Director Sheikh Mohammed bin Humaid Al Qasimi and BCCD Chairman Andrew Mortimer signed a Memorandum of Understanding (MoU), which outlines how the two entities will collaborate to support existing British investors in Ras Al Khaimah as well as those wanting to enter the Emirate.
Crucial step
“Our collaboration with the British Chamber of Commerce Dubai is a crucial step in further solidifying the economic bonds between the UK and Ras Al Khaimah,” noted Ramy Jallad, RAKEZ Group CEO.
“We look forward to continuing our collaborative work with the emirate of Ras Al Khaimah and UK businesses to deliver mutual growth and prosperity,” remarked Rob Bricker, Country Director for the Department of Business and Trade, British Embassy, UAE.
“This MoU with RAKEZ will support the BCCD’s capacity and reach to meet an accelerating demand and opportunity for British business and expats in Ras Al Khaimah, from Dubai,” remarked Katy Holmes, CEO, BCCD.
