HH Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, wants international investors to know more about the emirate’s exceptional diversity, natural beauty, high quality of life and economic potential. He says, “We are making Ras Al Khaimah a better place for people to live, visit, and invest in. Ras Al Khaimah is competitive, efficient, investor-friendly, and only five or six hours from the EU.”
The emirate’s stunning mountain and waterfront vistas, along with its wealth of cultural, entertainment and sports options, make Ras Al Khaimah a natural for tourism. HH Sheikh Saud bin Saqr Al Qasimi points out that RAK TDA (the emirate’s Tourism and Development Authority) is implementing strategic plans for the tourism sector that offer all kinds of investment possibilities.
Open, investor-friendly economy
Tourism is only one of many investment options in Ras Al Khaimah. HH Sheikh Saud bin Saqr Al Qasimi says, “Investors should take a look at our free zone and other projects which demonstrate our commitment to the industrial sector, as well as our strong GDP growth and our A-rating from Fitch. Ras Al Khaimah is a diverse, open, investor-friendly economy.”
Ras Al Khaimah has made tremendous progress in recent years. HH Sheikh Saud bin Saqr Al Qasimi explains, “We are trying to give our investors the choices they need. Before, we didn’t have an industrial park on the water; now with the RAK MARITIME CITY and SAQR PORT, we do. Previously, we had no waterfront real estate available. Now we do. We have boosted the capacity of our ports by improving our loading capacity. Unloading a ship here is now ten times faster than before. We are also developing our mountains so that we will not only just enjoy their beauty from a distance.”
One of Ras Al Khaimah’s competitive advantages, according to HH Sheikh Saud bin Saqr Al Qasimi, is its ability to be flexible to adapt to changing markets; another is that the public and private sectors work together in harmony to ensure the emirate’s long-term prosperity. Ras Al Khaimah is currently streamlining the investment process and making it more transparent while continuing to improve quality of life. HH Sheikh Saud bin Saqr Al Qasimi concludes, “We aim for Ras Al Khaimah to be the kind of place where foreign talent would want to live, because in addition to business prospects they can count on safety, natural beauty, good education and healthcare, and world-class services. I want to create a better future for our people.”