Ras al Khaimah outlines new growth strategy - The National Newspaper

Ras al Khaimah’s Government investment body is trying to attract businesses and foreign money into the emirate as it focuses on economic growth at home, it said yesterday.

The RAK Investment Authority (RAKIA) said it had generated almost US$3 billion (Dh11.01bn) in foreign investment and attracted 6,500 businesses since its launch less than five years ago.

“We sit in the middle of the energy centre of the world. We sit in the middle of the world,” said Sheikh Saud bin Saqr, Crown Prince and Deputy Ruler of Ras al Khaimah, explaining a variety of measures had been introduced to make Ras al Khaimah more appealing as a destination for business and investment, including free zones and tax exemptions.