Move to boost cross-border strategic collaborations
Ras Al Khaimah Economic Zone (RAKEZ) and China’s Tianjin Pilot Free Trade Zone (Tianjin FTZ) entity entered into a landmark partnership to strengthen economic ties and foster cross-border opportunities between Ras Al Khaimah and China.
The business relations were formalised through a Strategic Cooperation Agreement with China (Tianjin) Pilot Free Trade Zone and a Memorandum of Understanding (MoU) with Tianjin Port Free Trade Zone.
The Strategic Cooperation Agreement was signed by Zhu Changcun, Director General, Office of China (Tianjin) Pilot Free Trade Zone Administration, and Ramy Jallad, Group CEO, RAKEZ.
Collaboration
Through this collaboration, RAKEZ and Tianjin FTZ seek to exchange of expertise and resources, fostering the development of key sectors while positioning both zones as prime destinations for cross-border business expansion and collaboration.
“This increasing engagement from China reflects our position as a premier international business hub, particularly appealing in times when global markets are in search of sustainable growth opportunities,” remarked Jallad.
“This agreement will help Tianjin enterprises expand into Ras Al Khaimah, enter the Middle East, and pursue overseas development, fruitfully collaborating across the two regions,” said Yin Xiaofeng from Tianjin Port FTZ.
