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RAK FTZ was established in May 2000 by an Emiri Decree. His Highness Sheikh Ahmed bin Saqr Al Qasimi is its chairman. [4] RAK FTZ has four free zone parks in Ras Al Khaimah – a Business Park for office clients, an Industrial Park for heavy manufacturing, a Technology Park for trading and light manufacturing, and an Academic Zone for ...
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. [ 1]
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.
Ras Al Khaimah Investment Authority (RAKIA) is a United Arab Emirates investment authority in the Emirate of Ras Al Khaimah. It issues licenses to operate within RAKIA owned special economic zones, provides business facilities and warehouses and provides investment funding. RAKIA supports developments that include industrial parks, education ...
Ras Al Khaimah (RAK) [a] is the northernmost of the seven emirates that make up the United Arab Emirates. The city of Ras Al Khaimah, abbreviated to RAK or RAK City, [2] is the capital of the emirate and home to most of the emirate's residents. It is linked to the Islamic trading port of Julfar. [3][4] Its name in English means "headland of the ...
Ras Al Khaimah. Ras Al Khaimah (Arabic: رَأْس ٱلْخَيْمَة), often referred to its initials RAK and historically known as Julfar, 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 ...
Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.
RAKBANK is a retail and business bank in the UAE with assets of AED 52.8 billion, deposits of AED 36.9 billion and net profit of AED 505.4 million at the close of the year 2020. [3] The Bank provides conventional and Islamic retail, small business, and commercial banking services through a network of 27 branches as well as its ATMs, telephone ...
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