Ras Al Khaimah Economic Zone (RAKEZ)
Ras Al Khaimah (RAK) is one of the seven emirates that comprise the United Arab Emirates (UAE), along with Dubai and Abu Dhabi. Less than an hour’s drive from Dubai. RAK offers a strategic geographical location that helps companies easily take advantage of the trade flows between East and West.
In the recent years, RAK has witnessed tremendous economic growth and has developed as a global manufacturing destination, which arose from the leadership of His Highness Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah. Today, RAK has the highest level of industrialisation in the UAE, with manufacturing at 26% of the GDP. Strong diversification across multiple sectors has also taken place in the emirate, including not only manufacturing but also services, trading and tourism.
To further maintain the emirate’s position as a beacon for global entrepreneurship and innovation as well as provide broader business opportunities and incentives to investors, Ras Al Khaimah Economic Zone (RAKEZ) was launched.
RAKEZ is an authority established by the government of Ras Al Khaimah to oversee, regulate and consolidate the services, facilities and zones of Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA), as well as serve their respective clients.
Established in 2017, RAKEZ is the evolution of the free zone landscape in Ras Al Khaimah, continuing the story that started with the foundation of RAK FTZ in 2000 and the establishment of RAKIA in 2005. It currently houses over 13,000 multinational companies from more than 100 countries covering over 50 industries, making it one of the largest economic zones in the region.
The authority uniquely offers free zone and non-free zone licences through RAK FTZ and RAKIA, and provides its clients easy access to local markets in the UAE, in addition to growing markets in the Middle East, North Africa, Europe, South and Central Asia.
RAKEZ is a customer-focused entity offering cost-effective and efficient services. With its simplified business set-up processes, fast-track visa, licence issuance and ongoing business support services in a one-stop shop environment, clients are ensured to experience complete ease of doing business with assistance every step of the way.
Committed to meet individual company needs, RAKEZ provides a variety of facility choices such as Flexi facilities, standard offices, executive offices, warehouses and land for development across specialised zones across the emirate of Ras Al Khaimah. These include RAKEZ Business Zone that caters to the service sector; Al Hamra, Al Ghail and Al Hulaila Industrial Zones for manufacturing; the RAKEZ Academic Zone for educational institutions and service providers; and the RAKEZ Media Zone for media firms and professionals.
In addition to a wide range of customisable solutions for existing clients and potential investors, RAKEZ offers far-reaching support with three local offices in Ras Al Khaimah, Dubai and Abu Dhabi, and international offices in India, Turkey and Germany.
A leading economic zone, RAKEZ is dedicated to attracting investors from all around the globe to underpin Ras Al Khaimah’s thriving economy and nurture them in its cost-effective ecosystem where businesses effectively collaborate and grow.