GulfBase Live Support
27/08/2015 08:13 AST
RAK Free Trade Zone revealed new plans to attract more investment, especially from Europe, Asia, America and Australia.
The Free Zone announced a rise in the number of registered companies to 8,000 this year compared with 7,500 companies last year, Aliqtisadi reports.
Ramy Jallad, executive director at RAK Free Trade Zone, explained that the Authority has focused on attracting foreign investment from the Middle East, Europe, and South Asia.
“The Authority has international promotion offices in India, Turkey, and Germany for organising promotional campaigns [and] marketing events, and it provides facilities and services to investors,” he adds.
“For the next stage, we [plan to] target the European markets, Americas, Southeast Asia and Australia, according to a plan based on the intensification of marketing activities, provide promotional offers and hold conferences to introduce the Free Zone and its advantages offered for investors. We will focus on Italy, United States, Australia, Japan, China, the Philippines and Pakistan,” Jallad says.
The strategic location of the state facilitates access to the global markets, which are experiencing rapid growth and presents lower costs to attract international companies.
RAK Free Trade Zone has four specialised complexes to meet the requirements of small, medium and large companies in various sectors, including business complexes, which includes a variety of offices for the business, along with an industrial complex dedicated to heavy industries and a technological complex for trade and light industry, while the academic area serves educational institutions registered in RAK Free Trade Zone.
AME Info
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa
Arab News
05/04/2018
In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.
A massiv
Arab News
05/04/2018
Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices
The National
05/04/2018
Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re
Times of Oman
05/04/2018
Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i
The Peninsula