Ras Al Khaimah Investment Authority
Why setup business in Ras Al Khaimah Investment Authority
Ras Al Khaimah Investment Authority has been formulated by a legal requirement issued by the lateikh Saqr Bin Muhammad Al Qasimi. This authority has its origin in Abu Dhabi. Ras Al Khaimah is the second largest emirate within the United Arab Emirates (the first being Dubai). The capital city of the United Arab Emirates, also known as the United Arab Emirates, has a major role as an economic, financial, trade and commercial centre in the region.
Ras Al Khaimah enjoys a strategic location, with access to the Persian Gulf, the Arabian Sea and the peninsular Indian Ocean. This makes it a very strategic trading and business centre. It has significant natural advantages over all other locales. This includes a temperate climate, low rainfall, a well-developed infrastructure and a diverse, globally recognized business and commercial sector. Therefore, from the point of view of business and development, Ras Al Khaimah is a relatively well developed and viable business and investment prospect.
The first, and probably the most important, advantage is its geographical positioning. Located in between the Arabian Sea and the Persian Gulf, Ras Al Khaimah enjoys a strategic location and offers an advantageous business and investment prospects, especially for offshore investors. The strategic location provides easy access to key markets such as India, South-east Asia, China, and the Middle East.
The second advantage is the numerous domestic and international investments, both foreign and domestic, that the United Arab Emirates currently has in various projects including: power and gas, telecommunication, petroleum and natural gas, water transport, cement and construction. Furthermore, the national economy has developed significant during the last decade. However, progressis expected to accelerate in the coming years. As a result, more domestic resources will be available for development projects. Moreover, the recent developments in the labor market are also encouraging.
Besides Ras Al Khaimah Investment Authority, there are other important bodies in the Ras Al Khaimah area. The Ras Al Khaimah Investment Authority is another major body responsible for the promotion of business opportunities in Ras Al Khaimah. This agency has been instrumental in the development projects in Ras Al Khaimah and has promoted investment and business opportunities in different fields such as investment, commercial, manufacturing, and construction. The Ras Al Khaimah Investment Authority has created the “Ras Investment Company” to manage the activities related to investment and business opportunities. Other important bodies related to Ras Al Khaimah include the Ras Al Khawassa Investment Corporation and the Ras Al Jumeriah Investment Corporation.
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