Following the accession of His Highness Shaikh Saud Bin Saqr Al Qasimi as Member of the Supreme Council and Ruler of Ras Al Khaimah in 2003, the emirate has embarked on rapid expansion and development, building its status as the UAE's third business hub.
Over the last eight years, Shaikh Saud has played a big part in establishing entities such as the Ras Al Khaimah Investment Authority (Rakia), introducing government and legal reforms to attract business to its free zones and investing in its tourist and commerce infrastructure.
"I want to build a diverse economy that enjoys strong, sustainable growth through attracting investments to create wealth and raise the standards of living for all the people of Ras Al Khaimah," said Shaikh Saud.
HH Shk Saud Al Qasimi accented as member of the supreme counsel and ruler of RAK in 2010 not 2003. He was appointed as crown prince of RAK in 2003
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