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Overview

New residential developments go up as Ras Al Khaimah's appetite for construction grows
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The success of the suburban seaside communities that have sprung up in Al Jazirah Al Hamra, to the south of Ras Al Khaimah City, has given real estate developers an appetite for new housing schemes. Hundreds of homes are currently being built both at Mina Al Arab and Al Hamra, while on the Al Marjan Islands development new waterfront communities are taking shape on reclaimed land. RAK Properties The…

Overview

Affordability and rising demand drives building sector in Ras Al Khaimah
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A key sector in Ras Al Khaimah, the construction industry is driven by housing, hospitality and infrastructure schemes within the emirate, but also by its key role in providing raw materials and manufactured components for mega-projects in the UAE and beyond. Although the sector has seen unprecedented peaks and troughs in the last decade, activity levels have rebounded and a pipeline of new activity…

Overview

Ras Al Khaimah has much to offer manufacturers
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From the limestone quarries at its northern tip to the multinational manufacturing plants near its southern borders, primary and secondary industry is flourishing in Ras Al Khaimah. The man-made islands, skyscrapers and modern highways that have put the UAE on the global map in recent decades have all been built using rock and cement from RAK. At the same time, a solid manufacturing base serving the…

Overview

Ras Al Khaimah's real estate sector grows contribution to GDP
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The property market in Ras Al Khaimah has shown robust growth and resilience to the volatility found elsewhere in the UAE, and is set to benefit from a fresh injection of investment. More than Dh4bn ($1.1bn) is being spent on new housing schemes that will come onto the market by 2017. Strong fundamentals underpin the emirate’s real estate market, including freehold property ownership for international…

Overview

Increased GCC transport connections enhance Ras Al Khaimah's value proposition
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Geographical location, well-developed infrastructure and free trade within the GCC are among the top logistical advantages offered to businesses locating in Ras Al Khaimah. The emirate benefits from the high standard of road networks in the broader UAE and from close proximity to some of the world’s busiest airports and ports, but it also has its own distinct strengths and value propositions. National…

Overview

New project and opportunities switch on in Ras Al Khaimah's energy sector
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With little in the way of hydrocarbons reserves and limited domestic exploration under way, Ras Al Khaimah’s energy sector has expanded on the back of its two major upstream players: RAK Gas and RAK Petroleum. The two firms each have interests in international exploration and production (E&P), and have undertaken efforts to improve domestic power supply through private sector investment and the…

Overview

Ras Al Khaimah's health care network expands to meet residents' growing needs
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Following a decade of investment in both public and private facilities, the health care sector in Ras Al Khaimah is set for major growth in the coming years. The official inauguration of the new Sheikh Khalifa Specialty Hospital (SKSH) in early 2015 represents perhaps the most significant step forward for the emirate’s health care industry, although ongoing investment in RAK’s network of private…

Overview

Education reforms improving quality under way in Ras Al Khaimah
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As an industrialised emirate with limited petroleum resources, Ras Al Khaimah has witnessed considerable economic diversification in recent years, driven in large part by government plans to equip the emirate with a knowledge-based economy that includes a profitable education sector. In the wake of rapid population growth, the emirate has seen enrolment in both the K-12 and post-secondary segments…

Overview

New hotels and developments bode well for Ras Al Khaimah's expanding tourism sector
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In recent years, the tourism sector in Ras Al Khaimah has been enjoying a period of growth and profitability. In March 2015, a year after three new hotels opened, adding more than 1450 keys to the emirate’s hospitality sector, RAK’s Tourism Development Authority (RAK TDA) was able to report average occupancy levels of 70.31%, above the previous year’s average of 62.41%. The northern-most emirate…
Interview

Sheikh Ahmad bin Saqr Al Qasimi, Chairman, Ras Al Khaimah Free Trade Zone (RAK FTZ): Interview
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Interview:Sheikh Ahmad bin Saqr Al Qasimi Given the increasing diversification in the free zone, what sectors do you see having the greatest potential outside of industry and tourism? SHEIKH AHMAD BIN SAQR AL QASIMI: One of the main goals of RAK FTZ is consolidating and strengthening our traditional core industrial manufacturing sector. While diversification is necessary to long-term sustainable…