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Interview

OBG talks to Jim Stewart, CEO, Investment & Development Office, Government of Ras Al Khaimah
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Interview: Jim Stewart In terms of revenue, less than 20% of the government’s income is generated from other emirates. The majority of revenue is created in RAK itself and the proximity to other markets such as India and the wider GCC means that income sources are diverse. However, the emirate obviously benefits greatly from the infrastructure and services support which is provided by the federal…
Interview

OBG talks to Louis-Armand de Rougé, CEO, RAK Marjan Island Football
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Interview: Louis-Armand de Rougé What are RAK’s most significant competitive advantages? Why do you feel investors should choose RAK over other destinations? LOIUS-ARMAND DE ROUGÉ: If you look at the real estate aspect, the first answer to your question is RAK’s geographic location. The emirate benefits from a great location that brings unique geographical advantages, being at the crossroads…
Interview

OBG talks to Colin Crookshank, Group General Manager, RAK Ports
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Interview: Colin Crookshank What new projects are being undertaken to further boost intra-regional and international trade? COLIN CROOKSHANK: We are continuing with our consolidation project to reorganise the five ports under the one umbrella of RAK Ports. Now the ports are complementing each other rather than competing, and this has increased efficiency among ports. We are also in the process of…
Interview

OBG talks to Victor A Louis, COO, Ras Al Khaimah Tourism Development Authority (TDA), and CEO, Ras Al Khaimah Hospitality Group
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Interview: Victor A Louis How are recent government funds being allocated towards developing new tourism projects? VICTOR A LOUIS: Through further strategic review, we have identified key segments that will boost the emirate’s tourism attractions. The government has assigned to Ras Al Khaimah TDA a sum of $500m until 2013 to develop and increase the number of tourism projects in the emirate. At…
Chapter

The Report: Ras Al Khaimah 2012: The Guide
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Ras Al Khaimah has a rich history. This chapter examines a recurring theme of RAK’s past, the emirate’s defence against foreign incursions. The area that now makes up present-day RAK was historically a popular target for invaders due to the location at the entrance of the Gulf. This maritime potential made RAK an important shipping point throughout the ages. Indeed, RAK drew military challenges…

Chapter

The Report: Ras Al Khaimah 2012: Tourism
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Though one of the smaller emirates in the UAE, RAK is developing as a tourism destination. The emirate received 835,200 tourists in 2011, a significant increase over the previous year, which saw 600,000 visitors. There are hopes that these figures will continue to rise to reach 1.2m by 2013. To facilitate this, RAK International Airport is currently being expanded at a cost of $27m. New runways are…
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The Report: Ras Al Khaimah 2012: Health
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As demand for medical treatment rises, the health care sector in RAK has to meet new demands and challenges. Population growth, which climbed to 8% between 2008 and 2010, has necessitated more health care investment and infrastructure upgrades. Indeed, health sector costs in the UAE have tripled in the past decade and, as RAK’s citizens have free access to medical care at public institutions, the…
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The Report: Ras Al Khaimah 2012: Education
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As the government of RAK makes the necessary changes to drive growth forward and transition to a knowledge-based economy, one thing is clear: education and educational reform are of prime importance. One important measure will be the establishment of a council by RAK’s ruler, Sheikh Saud bin Saqr Al Qasimi, which will regulate and monitor institutions of higher education in the emirate. Furthermore,…

Chapter

The Report: Ras Al Khaimah 2012: Energy
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Ras Al Khaimah’s lack of oil and gas resources – relative to other emirates – has encouraged growth in non-hydrocarbons sectors. The most significant of these is industry, which now accounts for around 30% of GDP. However, this high rate of industrial development means that demand for electricity has soared in recent years, becoming the single biggest constraint on expansion in RAK. The government…