The Ras Al Khaimah Economic Zone (RAKEZ) is seizing the spotlight at the Big 5 Global Exhibition, held at Dubai World Trade Centre from November 26 to 29, to highlight vast opportunities within the UAE’s thriving construction sector. Ras Al Khaimah alone boasts an impressive pipeline of over 1,000 active projects, collectively valued at $75 billion, including the landmark $5 billion Wynn Resort development.
RAKEZ Group CEO Ramy Jallad emphasized the emirate’s unique positioning, stating: “Ras Al Khaimah alone hosts over 1,000 projects valued at more than $75 billion, including the $5 billion Wynn Resort project. Our strategic location and business-friendly ecosystem enable startups, SMEs, and investors to capitalize on the dynamic opportunities within our construction sector.”
The UAE’s construction sector continues to lead in the Middle East and North Africa region, accounting for 44% of all new projects. This surge, supported by initiatives like RAKEZ, positions the country as an international hub for infrastructure investment.
RAKEZ’s Role in Empowering Businesses
RAKEZ offers a seamless path for businesses aiming to establish or expand operations in the region. The zone provides comprehensive support, including:
- Licensing and Setup: Streamlined processes for acquiring permits and licenses.
- Facility Allocation: Tailored solutions for operational needs.
- Approval Assistance: Guidance for securing necessary authorizations.
- Visa and Workforce Solutions: Efficient visa processing and access to specialized talent.
- Financial and Partnership Connections: Links to financing options and key suppliers.
Companies such as Peikko Group, Sobha Modular, and Hira Industries already leverage RAKEZ’s infrastructure and resources to thrive in the competitive market.
“At Big 5 Global, we are showcasing how RAKEZ serves as the premier hub for construction companies looking to tap into the opportunities we offer,” added Jallad.
This strategic initiative underscores RAKEZ’s commitment to fostering growth, not only in Ras Al Khaimah but across the UAE’s booming construction sector, while providing international firms with unparalleled access to global markets.
