Manufacturing businesses is among our main target market: Ramy Jallad, RAKEZ
Ras Al Khaimah Economic Zone (RAKEZ) is emerging as the world’s fastest growing free and non-free economic zones that provide a metropolitan culture for living and working and has all the facilities required to set up the industry. Established in 2000, RAKEZ offers its clients easy access to local markets of the UAE and to the growing markets of the Middle East, North Africa, Europe, and South and Central Asia.
Newsbarons provides you the highlights of a media interaction, where Ramy Jallad, Group CEO, RAKEZ informed “We have received an overwhelming response from Indian industries to set up their units and facilities at Ras Al Khaimah Economic Zone in the UAE.”
NB: Why is India an important market for RAKEZ?
Ramy Jallad: India is one of the most exciting emerging markets in the world. It boasts a very diverse economy and is home to a lot of manufacturing companies that export to the Middle East and globally.
NB: How was the response from Indian Industries till now?
Ramy Jallad: We have received an overwhelming response from Indian industries to set up their units and facilities at Ras Al Khaimah Economic Zone in the UAE. This will provide a huge competitive edge they believe, to the Indian companies to compete with international markets as the cost of operations on set up at Ras Al Khaimah Economic would be reduced anywhere from 25 to 50%.
NB: How many Indian companies are registered with RAKEZ?
Ramy Jallad: We currently have 3,100 Indian companies across a broad spectrum of industry sectors from exceeding 100 countries and more than 50 sectors.
NB: Are you offering any special initiative to the Indian companies?
Ramy Jallad: We are offering wide-ranging and fit-for-purpose facilities from Flexi facilities, offices, warehouses and land. We are also offering Best-in-class services and processes and re-engineered company registration process in line with best international practices.
NB: Which are the major industries which have shown interest in investment summit?
Ramy Jallad: The major Industries from India such as Pharmaceuticals, Chemicals, Manufacturing, Auto, IT, Technology, Biotech, Financial Services etc. have shown keen interest to operate out of Ras Al Khaimah Economic Zone (RAKEZ) during an investment summit in Mumbai.
NB: What is the vision of RAKEZ?
Ramy Jallad: The vision is to become a leading global investment destination. Our goal is to support the economic diversification of RAS AI Khaimah and the UAE.
NB: What is your target markets?
Ramy Jallad: Manufacturing businesses is among our main target market which makes up 25% of RAK’s economy.