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The Business Park is situated in the heart of Ras Al Khaimah's business district. Industrial Park. The Industrial Park is located along the Ras Al Khaimah coastal road, approximately 18 km north of Ras Al Khaimah's city center, and adjacent to Hulaylah Island. The park is about 6 km from Ras Al Khaimah's Saqr Port, covering an area of 128 hectares.
Ras Al Khaimah Economic Zone (RAKEZ) is an Emirati free-trade zone in Ras Al Khaimah in United Arab Emirates. In January 2020, Entrepreneur reported the free zone to have 14,000 companies across 50 industries.
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions
It was introduced in 2017 [6] and is one of the 37 free zones across in the United Arab Emirates that are overseen by the Ras Al Khaimah Investment Authority. Situated in the emirate of Ras Al Khaimah, RAKEZ caters to a diverse range of industries, including manufacturing, trading, and services.
Instead, RAKIA is an industrial licensing and promotion agency to attract investments into Ras Al-Khaimah. [2] Funding is derived by the Government of Ras Al Khaimah as the owner or RAKIA by raising funds from financial markets and passing this borrowed money on to RAKIA.
Ras Al Khaimah (Arabic: رَأْس ٱلْخَيْمَة), often referred to its initials RAK is the largest city and capital of the Emirate of Ras Al Khaimah in the United Arab Emirates (UAE). The city had a population of 400,000 in 2023, [ 3 ] and is the sixth-most populous city in UAE after Dubai , Abu Dhabi , Sharjah , Al Ain and Ajman .
Khor Khwair is an industrial zone located next to Saqr Port in the city of Ras Al Khaimah, United Arab Emirates (UAE). Located some 25km north of the city, [1] the zone contains marble and concrete manufacturing facilities as well as LPG processing and other industrial enterprises. Saqr Port was inaugurated on 17 September 1977 by the then ...
See also: List of special economic zones and List of free-trade zones In special economic zones business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas ...