Ras Al Khaimah Free Trade Zone (RAK FTZ) is in the midst of a major expansion, which will see a host of new infrastructure, tenants and specialised facilities spring up in the coming years.
Economic Update | Ras Al Khaimah Free Trade Zone set for expansion
Economic Update | Tourism set for growth in Ras Al Khaimah
Ras Al Khaimah saw its tourism industry hit a high note in 2014, with revenues surpassing Dh1bn ($242.9m), bolstered by the addition of new rooms and a rise in the number of hotel nights spent by visitors in the emirate.
Economic Update | New power and water projects launch in RAK
A renewed focus on developing the tourism and industrial sectors has driven a construction boom in Ras Al Khaimah (RAK) and led to the development of a host of industrial, residential, commercial and retail spaces. To support this growth, the government has at the same time invested in basic electricity, water and sewer networks.
Economic Update | RAK: Expectations from mandatory health insurance
Plans to introduce compulsory health insurance in Ras Al Khaimah (RAK) are expected to usher in a wave of new private sector investment, a response to a forecast rise in demand for specialised services. To do so, the emirate is also stepping up efforts to attract and retain trained staff in an increasingly competitive market.
Economic Update | RAK: Year in Review 2012
The economy of Ras Al Khaimah (RAK) has continued to expand, and while final year-end 2012 figures for growth have yet to be released, officials say they are confident that the forecast 8% increase in GDP – the same rate as in 2011 – will be have been achieved in the emirate.