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Ras Al Khaimah: A delegation from the Ras Al Khaimah Economic Zone (RAKEZ) concluded its visit to Russia with a number of business events where they interacted with a range of industries from construction and manufacturing to IT and FMCG Entrepreneurs in the industry traded exchanges.
Ramy Jallad, CEO of RAKEZ Group, said: “RAKEZ has always been a favored business center for Russian entrepreneurs, and they have become our top 5 investors in the past few years. Nearly 600 Russian companies have established considerable business, enjoy the seamless experience of doing business in Ras Al Khaimah, and access to the highly profitable markets in the region.”
Events where the Economic Zone team highlighted investment opportunities in Ras Al Khaimah included the EPAM Corporate Law Day, the Skolkovo Business School Alumni Association and the Atlantly Business Club Dinner.
During EPAM Company Law Day, representatives of the economic zone joined hundreds of representatives of Russian law firms to discuss business relocation, expansion and new establishments in the UAE.
Likewise, at the Skolkovo Business School Alumni Association, the RAKEZ team participated in a roundtable discussion with local business owners, discussing current service needs and potential in the UAE, such as new technologies, ways to find suitable investments, and ways to enter the local market Pathways. Visitors were also keen to explore industries such as cement, building materials, engineering services and raw material trading.
Finally, at the Atlantly Business Club Dinner themed ‘Opportunities for Production Companies to Expand from RAKEZ to the MENA Region’, the Economic Zone team catered to SME participants wishing to learn about UAE business setup requirements, licensing procedures and processing time frames.
The RAKEZ team also visited major manufacturers and met company owners in the building and construction industry during the MosBuild exhibition in Moscow to address questions about access to other markets and connectivity through Ras Al Khaimah, and the cost-effectiveness of logistics operations in the emirate.
Jallad added: “Overall, the visit was a success and demonstrated the potential for fruitful business relations between Ras Al Khaimah and Russia. Our team had the opportunity to meet with representatives from approximately 300 SMEs and large , and we look forward to supporting them in establishing their base and expanding to the world through the emirate.”
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For more information, please contact:
Cleo Eleazar, RAKEZ Public Relations and Events Manager
Email: c.eleazar@rakez.com
About Ras Al Khaimah Economic Zone (RAKEZ):
RAKEZ is a strong commercial and industrial center established by the government of Ras Al Khaimah, United Arab Emirates. It currently has more than 18,000 companies from more than 100 countries and more than 50 industries.
RAKEZ offers entrepreneurs, start-ups, SMEs and manufacturers a wide range of solutions, including free zone and non-free zone licenses, customizable facilities, and first-class services from a one-stop shop. In addition, RAKEZ has dedicated zones tailored to the specific needs of investors: Al Nakheel and Al Hamra Business Zones for business and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists ; and academic areas of educational institutions.
As a leading economic zone, RAKEZ aims to continue to attract diverse investment opportunities and contribute to Ras Al Khaimah’s economic growth.
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