Ras Al Khaimah, UAE – In an impressive display of growth, Ras Al Khaimah Economic Zone (RAKEZ) has announced the addition of more than 1,500 new companies in the second quarter of 2023. This remarkable surge represents a substantial 132 percent increase compared to the same period last year, solidifying RAKEZ’s position as a key accelerator for business growth and fostering an investment-friendly climate.
Ramy Jallad, the Group CEO of RAKEZ, commented on the achievement, stating, “Our strong performance in Q2 2023, with over 1,500 new companies joining us, is a testament to our progressive approach, industry-leading business solutions, and unwavering commitment to nurturing businesses of all sizes. The growth spans across various sectors, including general trading, e-commerce, media, services, and manufacturing, reaffirming our vision of creating an inclusive and sustainable economic landscape for global entrepreneurs.”
RAKEZ continues to attract investors from around the world to Ras Al Khaimah. The majority of these investors hail from countries such as India, Pakistan, the UK, Egypt, and Russia, underscoring the global appeal of the emirate’s business-friendly environment.
The general trading and commercial sectors took the lead with approximately 650 new companies, positioning RAKEZ as a bustling hub for traders. The recently launched Traders District played a pivotal role in catalyzing this growth, further enhancing RAKEZ’s reputation as a thriving trade and commerce center.
Additionally, RAKEZ witnessed notable increases in other sectors, including over 600 companies in services, more than 170 companies in e-commerce, and over 100 companies in the media sector.
As RAKEZ enters the second half of 2023, it remains dedicated to providing an adaptable and supportive ecosystem for investors seeking to expand their horizons and thrive in a dynamic business environment.