Rakez Group News Today

Ras Al Khaimah Economic Zone (Rakez) has showcased the strategic advantages of investing in Ras Al Khaimah during a recent business event in Jaipur, India.

Ras Al Khaimah Economic Zone (Rakez) recorded an impressive 61% increase in new company registrations for the first quarter of 2024, compared to the first quarter of 2023. During this period, 3,000 companies joined the thriving Rakez business community.

Statevolt, a global leader in green industrialisation, plans to build a new technology-agnostic battery cell gigafactory in Ras Al Khaimah at an investment of $3.2 billion, thus marking the Californian groups foray into the UAE energy storage sector.

Ras Al Khaimah Economic Zone (Rakez) is showing global investors complete business solutions for establishing and growing their presence in the UAEs flourishing food and beverage industry at Gulfood.

In 2023, over 7,800 new companies strategically chose Ras Al Khaimah Economic Zone Rakez as their base to establish and flourish within its thriving business community.

Kuwaits Universal Islamic Food Industries has set up a new manufacturing unit at Al Hamra Industrial Zone in Ras Al Khaimah. The 350,000-sq-ft plant can produce additional 3,000T processed food such as ready-to-eat poultry and meat products per month.

Ras Al Khaimah Economic Zone (Rakez) and Etihad Credit Insurance (ECI) have hosted a seminar on ‘Innovative Export Credit Solutions’ to equip Rakez exporters with strategies to navigate, evolve and succeed in international marketplaces.

Uterra Middle East Agro Industries is investing $20 million over the next three years on the construction and development of Ras Al Khaimah’s first organic soil fertiliser project.

Leading metal cutting tools designer and manufacturer Wenza has set up its state-of-the-art production facility in Ras Al Khaimah.

British Prime Minister’s Trade Envoy to the UAE, Gareth Johnson MP, accompanied by UK Ambassador to the UAE, Edward Hobart, and other officials, paid a visit to Ras Al Khaimah Economic Zone (Rakez) recently.