UAE: Ras Al Khaimah Industry

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Almost 15 years after it was created, Ras Al Khaimah Free Trade Zone (RAK FTZ) launched a global awareness drive in 2014 to try to entice new businesses. In just over a year, RAK FTZ delegates visited Turkey, Singapore, Malaysia, South Korea, Spain, the UK, Brazil, US, Italy, the Philippines, Australia and Japan. This followed a successful...

With more limited hydrocarbons reserves compared to its UAE neighbours to the south, RAK has developed into an industrial hub thanks to its dynamic network of industrial free trade zones. Considerable natural resources feed the country’s thriving cement and ceramics industries while elsewhere the emirate is looking to leverage its varied landscapes in a bid to boost tourism revenues in line with general economic diversification targets.

In 2013 Ras Al Khaimah finds itself at a crossroads similar to many other manufacturing-based economies: taking stock of initial successes and contemplating how to add more complex products to the mix. Manufacturing accounts for more than a quarter of RAK’s GDP, and while there is no desire to shift away from the activity, government authorities...

To what extent can public-private partnerships (PPPs) offer a useful model for future investments?

Compared to other countries in the region, what are Ras Al Khaimah’s competitive advantages, as a manufacturing location for lubricants?

Although Ras Al Khaimah’s economy is increasingly diversified, its roots lie in extracting natural resources for use as construction materials. This remains a core strength of the emirate’s economy and an important driver of future growth, as RAK’s producers will continue to quarry and export products like aggregate, cement and ceramic tiles....

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