Ras Al Khaimah Investment Authority (Rakia) is targeting European manufacturing companies as part of a plan to attract investments totalling US$500 million (Dh1.83 billion) this year.
Khater Massaad, the chief executive of the authority, said he had been in discussions with companies in France and Spain about potential investments in the northern emirate.
"We have been targeting European manufacturers interested in expansion in the [Arabian] Gulf region," he said.
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