Ras Al Khaimah Free Trade Zone (RAK FTZ) has announced a significant growth in the number of its active companies from 8,000 to more than 8,600 clients hailing from over 100 countries and representing more than 50 industry sectors.

Ramy Jallad, Acting CEO of RAK FTZ , noted that the impressive figure was driven by the free zone's dedication in attracting foreign investors to take advantage of Ras Al Khaimah's (RAK) business-friendly environment and RAK FTZ 's wide-ranging business solutions.

"It is truly incredible how RAK FTZ has grown over a short period of time. Looking back in 2011, we had about 4,000 companies operating in the free zone. A couple of years later, our client portfolio rose to over 8,600. Our determination in developing not only our facilities but also our system and processes to provide ease to clients are definitely paying off. This is a proud moment for each of us in the free zone," Mr Jallad said.

In 2015, RAK FTZ has undergone major infrastructure developments, which included the opening of 100 new warehouses with permanent water and electricity supply; the launching of its state-of-the-art District Cooling Plant; and the inauguration of its Boulevard Business Centre in Downtown Dubai to be more convenient for clients and investors in other emirates.

In the same year, the free zone successfully acquired certification to OHSAS 18001 (Occupational Health and Safety Management System), as well as received various recognitions from eminent award-giving bodies such as the German Emirati Joint Council for Industry and Commerce (AHK), Environment Protection & Development Authority (EPDA), fDi Magazine's Global Free Zones of the Year, and MEA Markets Magazine's Business Awards.

"The past year has been very rewarding for RAK FTZ . Our unstoppable growth motivates us to launch more projects and developments in order to offer more advantages and innovative business solutions to our existing and potential clients," added Mr Jallad.

"Watch out as RAK FTZ is set to grow bigger and better for the years to come."

The free zone's future development plans include establishing new warehouses in the RAK FTZ Technology Park to meet the investors' increasing demand for industrial facilities, master planning the Academic District to attract international educational institutions in RAK; continuously developing the infrastructure of the Industrial Park; and developing the one-stop shop's physical location for the clients' convenience.

– Emirates News Agency, WAM - http://www.wam.ae/en/news/economics/1395290122256.html

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