RAKIA gives The United Arab Emirates a serious business and investment profile RAKIA known for its role in placing Ras AlKhaimah on the global map as a serious investment destination is now influencing and changing the image of The UAE with the same.
UAE Jan 31 2012 Ras AlKhaimah has been known to offer the most economical facilities (in
terms of tax and prices) for business investments which have drawn global investors to set up their operations in Ras AlKhaimah. What they managed to do is to show the world that The UAE brings a lot more to the table than just oil. The Ras AlKhaimah Investment Authority (RAKIA) with so much on offer is gradually changing the image of The UAE for investors, which has been long known for its ‘oil economy’ and trading. The United Arab Emirates have long been known for making its most profits from oil ever since its discovery in the 1960s. This discovery has been funding several businesses and corporate empires which have been growing ever since. Ras AlKhaimah on the other hand did not have much on offer in terms of oil, which is why it focused on the industrial and trading sector which it could do well in because of its strategic location. From opening the first cement company in The UAE in the 1970’s (which is currently the largest producer of cement in the UAE) Ras AlKhaimah has expanded into other industries. Today, with immense help from the Ras AlKhaimah Investment Authority (RAKIA) they have expanded to become the fourth largest emirate in The UAE. RAKIA was responsible for bringing in major foreign investors to set up operations in Ras AlKhaimah. They had so much on offer for foreign investors in terms of no corporate and income tax, liberal labour laws, 100 percent foreign ownership and even foreign exchange without barriers in the absence of bureaucracy. What this did is that it boosted its economy providing Ras AlKhaimah with a profile as an investment destination on the global map. What makes RAKIA so unique is that unlike others, they are investor focused and they offer comprehensive solutions. Ras AlKhaimah today is known globally as the “Most CostEfficient FDI destination” taking The UAE to a whole new level. RAKIA is gradually working its way and changing the profile of The UAE to something more than a trading nation giving the country a glance of how a sustainable economy looks like. To know more about the Ras AlKhaimah Investment Authority or to take your business to the next level, kindly visit them online at: www.growyourbusinessaboveandbeyond.com