Ras Al Khaimah Economic Zone (RAKEZ) attracts overwhelming response from Indian Industries, puts special focus on India

Left to Right: Ramy Jallad, Group CEO, Rakez,  His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman of Rakez. and Manu Mehra, CFO

Mumbai, 21 November 2017: Ras Al Khaimah Economic Zone (RAKEZ) today said that they have received an overwhelming response from Indian industries to set up their units and facilities at Ras Al Khaimah Economic Zone in the UAE. This will provide a huge competitive edge they believe, to the Indian companies to compete with international markets as the cost of operations on set up as Ras Al Khaimah Economic would be reduced anywhere from 25 to 50 percent.

Ras Al Khaimah Economic Zone (RAKEZ) is fast emerging as the world’s fastest growing free and non-free economic zones providing a metropolitan culture for living and working in addition to all the facilities required to set up the industry. They give clearances with all licenses and other documentation required within 24 hours.

Industries from India such as Pharmaceuticals, Chemicals, Manufacturing, Auto, IT, Technology, Biotech, Financial Services etc. have shown keen interest to operate also from Ras Al Khaimah Economic Zone (RAKEZ) during an investment summit held here at a Press Conference here in Mumbai.

Addressing the Press Conference held here at Mumbai, His Highness Sheikh Ahmed Bin Saqr Al Qasimi, Chairman of RAKEZ, said that India has a special place for him in his heart and that he’s put in a lot of focus on India and other Asian company corporates from Ras Al Khaimah which provides international tasks, facilities in every way and provides access to global markets.

RAKEZ has also teamed up with KPMG the management consultant firm to host the investment forum here in India, which takes place over the next two days 21st to 23rd November 2017 at Mumbai.

“We currently have 3,100 Indian companies across a broad spectrum of industry sectors at RAKEZ, constituting 22.7% of our entire business community. This makes the Indian investors as our largest population based on nationality,” said Jallad. “We continuously receive high volume of enquiries from Indian investors and I believe it is our cost-friendly business solutions that attract them to RAKEZ. But do you know what makes them stay? It is our commitment to offering client experience that is second to none. We provide our stakeholders seamless processes, fast service delivery, and expert support every step of the way. To top it all off, the emirate of Ras Al Khaimah lies at the centre of fast-emerging economies, making RAKEZ as the ideal industrial base and proprietary investment gateway to the region’s thriving markets.”

RAKEZ is home to over 13,000 companies including more than 600 leading manufacturers across exceeding 50 industry sectors. Major Indian industrial businesses at RAKEZ include the automotive assembly company Ashok Leyland; the personal care and products manufacturer, Dabur; and the armoured vehicle manufacturer, Mahindra, among many others.

“We’re incredibly proud to have provided a platform for industrial and manufacturing growth for various Indian companies and we look forward to welcoming more investors from India to our nurturing ecosystem,” Jallad added.