Growth for rak free trade zone

Ras al Khaimah reported an estimated 16 per cent increase in revenues in the first quarter of 2009, compared with the first quarter of last...

RAK FTZ, one of the fastest-growing free trade zones globally, also reflected a four per cent increase in company registrations compared with the same period in 2008.

The RAK FTZ is home to over 5,800 companies and contributes an estimated £1.8 billion to Ras al Khaimah EconomyFuture investments of £1.3 billion are also under way or planned to ensure continued growth and unparalleled achievement.

Despite the global economic crisis, the free zone has continued to attract new businesses in industries spanning IT, consulting, manufacturing and trading.

"Everybody at RAK FTZ works hard, and we are proud to see that hard work is paying off with a further increase in business and revenues," said Oussama Al Omari, CEO and Director General of RAK FTZ.

"This success is also directly linked to our new liaison offices in New York, Miami and Hong Kong, on top of the offices in Germany, Turkey and India. We actively promote our state-of-the-art facilities with quick and friendly service.

"We participate in trade shows and conferences all over the world, making it easy for companies which are looking to expand internationally."

Source: www.selectproperty.com