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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 ...
It was introduced in 2017 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. Future
In January 2020, Entrepreneur reported the free zone to have 14,000 companies across 50 industries. History. It was introduced in 2017 and is one of the 37 free zones across the United Arab Emirates that are overseen by the Ras Al Khaimah Investment Authority. During COVID-19 pandemic, RAKEZ moved towards digitisation and was reported to have ...
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.
While individual Emirates are responsible for managing the standards of educational institutions within their free zones, Dubai is the only Emirate that does so through the Knowledge and Human Development Authority's (KHDA) University Quality Assurance International Board. The Emirate of Ras Al Khaimah is currently working on tightening rules ...
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 ...
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