RAK Investment Authority
RAK Investment Authority (RAKIA)'s vision is to build a diverse economy that
enjoys strong, sustainable growth, by attracting investments from the
domestic and foreign markets that will create wealth and raise the standard
of living for the people of Ras Al Khaimah.
RAKIA's mission is to offer complete solutions to the needs of every
investor and provide value and customer satisfaction, ensure minimum
transaction & conversion cost, enable businesses to flourish in the quickest
possible time and to make investment in Ras Al Khaimah simple, easy and a
pleasant experience. The growth is driven by increased focus on
manufacturing, services, real estate, construction and tourism.
The mandate of RAKIA is to develop and manage the industrial parks which
includes the free zones and industrial zones in the Al Hamra and Al Ghail
areas of Ras Al Khaimah. Across this region free trade zones have
traditionally been viewed as real estate ventures, primarily issuing
licenses, however, RAKIA went the extra mile not only being a facility
provider but also offering investment advisory services and equity
participation on selected projects. This has resulted in an atmosphere of
trust among investors and generated a solid network of opportunities. As a
result of that within a span of 3 to 4 years of its inception, RAKIA has
been instrumental and attracted over US$2.5 billion in industrial
investments alone, powering an unprecedented economic surge that has made
Ras Al Khaimah as one of the fastest growing emirates in the UAE and the
region.
After successfully running industrial parks in Ras Al Khaimah, RAKIA is
setting up a Free Industrial zone in Georgia (Eastern Europe), under the
aegis of a subsidiary company of RAKIA. This is the first free zone in the
Caucasus Region and is strategically located for easy access to the EU,
Central Asia and Caucasus/ Eastern European markets. The free zone is being
established next to the Poti Sea Port, which is also a subsidiary of RAKIA,
the largest sea port in the Black Sea region and offers tremendous supply
chain cost advantage for movement of goods.
Apart from Industrial Parks, RAKIA has structured itself along several other
strategic business units.
STRATEGIC BUSINESS UNITS
RAKIA is an investment behemoth which has structured itself along 8
strategic business units viz;
Industrial Parks
Education/ Technology
Real Estate
Transportation
Investments
Manufacturing & Energy
RAK Offshore and
RERA.
Each business unit is headed by an experienced professional who is
ultimately responsible for the overall performance of all the companies
under their business units. They are empowered to act independently and
possess the necessary authority to make executive decisions that are in the
best interest of RAKIA. The primary mandate of the investment committee is
to formulate investment strategy, investment criteria and investment
guidelines for investments undertaken by RAKIA.
LOCATION
With a favourable geographical location at the crossroad of trade between
the East and West, the excellent infrastructure, strong government support
towards the private sector, and not to mention its unmatched natural beauty,
it is no surprise that the emirate of Ras Al Khaimah has emerged as a
destination of choice for investors and leisure travellers alike. Ideally
positioned to service and access markets like the Middle East, Africa, the
Indian Subcontinent and the CIS countries, Ras Al Khaimah has become a
growth-driven emirate with an increased focus on manufacturing, services,
real estate, construction and tourism.
MANUFACTURING
Although the drive to attract foreign companies has been a recent
development, RAK has long been one of the industrial centres of the UAE. The
industrial sector has been dominated by the three main industries of Cement,
Ceramics and Pharmaceuticals. The sector has diversified in the recent years
especially since the creation of free zones as well as partnerships between
government and foreign investors.
RAK INDUSTRIAL ACTIVITIES
Ras Al Khaimah has a natural advantage when it comes to the production of
cement as the Al Hajar mountain range holds vast supplies of high quality
limestone, which is a key raw material for cement manufacturing. The emirate
is also rich in other raw materials such as clay, quartz and other minerals.
The pharmaceutical industry in RAK is about 30 years old and has been one of
the key focus areas of government plans since several years. The industry in
RAK is dominated by the Gulf Pharmaceutical Industries, known as Julphar.
The company has grown into a pharmaceuticals giant by Middle East standards
and now exports to over 80 countries. Julphar is the biggest pharmaceuticals
manufacturer in the UAE.
What RAK lacks in oil is somewhat compensated for by its natural mineral
water resources. RAK is the origin of Masafi mineral water brand, the
region's leading mineral water brand, with its source lying in several rich
underground springs in the mountainous city of Masafi. Masafi water, has
developed into an international brand which exports bottled water and fruit
juices to more than 20 countries.
RAK Ceramics is the single largest, state-of-the-art, ceramic tile
manufacturer in the world with its 12 plants spread across the UAE, India,
Bangladesh, Sudan, Iran and China, producing over one hundred million square
meter of tiles and 3 million pieces of sanitary-ware annually, exporting to
135 countries. The UAE operation is the largest single location ceramic
manufacturing facility in the world with more than 6,000 active models in
the ceramic and porcelain tiles segment, and an exclusive range of more than
600 active models of sanitary ware to offer with a wide choice in designer
bathroom sets, wash basins, bathtubs and related items. RAK Ceramics has
diversified horizontally by forming several joint ventures including Kludi
RAK LLC, RAK Porcelain LLC, Laticrete RAK LLC and many more in Ras Al
Khaimah.
INFRASTRUCTURE
The Government of Ras Al Khaimah’s constant endeavor to enhance
infrastructure facilities across the emirate has been a major factor in
attracting major foreign investments to Ras Al Khaimah. With a well-planned
road network, an international airport, fully equipped seaports, and
advanced communications network, Ras Al Khaimah is well-positioned for rapid
socio-economic growth.
PRODUCTS
Land- Free zone & non free zone
Warehouse/ Light Industrial Units
Office space
Labour Accommodations
Commercial centre
Executive Residences (Studio flats)
In 2010 Dubai Airport Freezone was ranked 1st in the Middle East and 2nd in
the World Freezone of the Future by Foreign Direct Investment (FDI)
Magazine, published by The Financial Times Ltd.
FACILITIES
Office Units
Dubai Airport Freezone offers a wide range of high quality, free-sized
offices, available for rent on an annual basis. Investors are permitted to
tailor their office units to their unique requirements, and to create an
environment that reflects their company's identity or corporate branding.
Light Industrial Units
High-quality thermally insulated and purpose-built units are available at
Dubai Airport Freezone on an annual rental basis. Flexibility of
construction permits tenant’s use of the LIU as either a warehouse for
storage or distribution, or as a factory for assembly and light production.
If required, multiple units can be utilized to suit individual requirements.
Land Sites
For companies wishing to construct their own warehouse or factory, Dubai
Airport Freezone offers plots of land on lease, in varying sizes. Prior to
building, customers must obtain the required approvals.
SERVICES
In addition to an excellent location, modern facilities and superior
logistics services, Dubai Airport Freezone offers a wide choice of
facilities:
• Dubai Trading License & Registration (FZE, FZCO & Branch)
• Employee Sponsorship (Employment residence sponsored by the free zone)
• Online transactions processing for all services (Tas’heel)
• 24 hours security service
• Housekeeping and Building Maintenance
• Government Services: Immigration, Customs, Chamber of Commerce
• Post, Telecommunications & Banking facilities
• Food court with a wide range of restaurants and cafes
• Business centre, conference room, business lounge and lecture room
• Travel Agent, Car Rental.
For
Further Enquiries Click Here
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