Ras Al Khaimah Economic Zone (RAKEZ) has recently reported an impressive surge in its business ecosystem, attracting over 1,500 new companies during the second quarter of 2023.
This substantial growth marks a remarkable 132 percent rise compared to the same period last year, solidifying RAKEZ’s position as a prominent catalyst for business expansion and creating a favorable environment for investment.
Speaking on the achievement, RAKEZ Group CEO Ramy Jallad said, “Our strong performance in Q2 2023, with over 1,500 new companies joining us, is a result of our progressive approach, industry-leading business solutions, and unwavering commitment to nurturing businesses of diverse scales. The growth across various sectors, from general trading and e-commerce to media, services and manufacturing, reaffirms our vision of creating an inclusive and sustainable economic landscape for global entrepreneurs.”
Ras Al Khaimah Economic Zone (RAKEZ) continues its successful trajectory by attracting a multitude of investors from across the globe to the emirate.
Notably, countries such as India, Pakistan, the UK, Egypt, and Russia have shown significant interest, underscoring the global appeal of Ras Al Khaimah’s business-friendly atmosphere.
The general trading and commercial sectors have emerged as the primary focus, with approximately 650 new companies entering these industries.
This surge in trade and commerce solidifies RAKEZ as a vibrant hub for traders, with the recently launched Traders District playing a pivotal role in driving this growth.
Moreover, RAKEZ has witnessed notable expansion in other sectors. The services sector welcomed over 600 new companies, while e-commerce and media sectors saw the addition of over 170 and 100 companies, respectively.
Moving into the latter half of 2023, RAKEZ remains committed to providing an adaptable and supportive ecosystem for investors seeking to broaden their horizons and thrive in a dynamic business environment.
