Industrial activity has been crucial to Ras Al Khaimah’s economic growth, driven by the government’s policy of attracting firms and investment into the sector based on the natural resources RAK has to offer them. The emirate is now looking to increase growth capacity by removing electricity supply constraints, addressing logistics concerns and...
UAE: Ras Al Khaimah Industry
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Articles & Analysis | 20-20 vision: The government seeks a balanced and diversified economy from The Report: Ras Al Khaimah 2013
Chapter | Industry & Retail from The Report: Ras Al Khaimah 2013
As part of its “20-20” strategy, under which no single sector should account for more than 20% of GDP or 20% of the fiscal surplus, the government is working to diversify the local economy. Growth is expected in the industrial sector in line with efforts to expand downstream capacity, extending production across the supply chain. Improvements to electricity capacity are planned as well, which...
Bolstered by burgeoning cement and ceramics industries that draw on the natural resources of the Hajar Mountains, Ras Al Khaimah has one of the GCC’s more diversified economies. Continued investment in infrastructure is enabling further economic growth and encouraging foreign investment.
Economic update | RAK: Boosting cement production
6 Dec 2012
With demand for cement in Ras Al Khaimah (RAK) poised to rise and regional projects already driving up exports, there are signs that the industry could be turning a corner.
Economic update | RAK: Smooth industry
5 Sep 2012
The already busy glass industry in Ras Al Khaimah (RAK) is set to expand even further in 2013 with yet another overseas company setting up production facilities in the emirate. Indeed, RAK’s central location and low costs have become desirable for numerous companies looking to set up in the region.
Articles & Analysis | Pushing production: An open-door policy paves the way for foreign investment from The Report: Ras Al Khaimah 2012
Over the past decade, Ras Al Khaimah has positioned itself as a manufacturing centre in the UAE, with industry making a significant contribution to the emirate’s GDP at over 30%. A number of factors – including its convenient location with good infrastructure connections and non-application of income, sales and corporation tax – have attracted...