Question

What are the factors that have helped ras al kahimah in achieving high developing rates in the recent years ?

Answer 1

Ras Al Khaimah holds a unique position among the seven emirates that make up the UAE. It has a rich and long history that revolves around trade, with its exports mainly driven by copper and pearl in the past. Making the most of its vast reserves of clay, limestone and sand found on the Hajar Mountains, RAK has built a flourishing manufacturing sector that has served as an engine for growth over the past two decades, and in recent years the emirate has also raised its profile as a tourist destination. Meanwhile, RAK’s expanding free zones have attracted more than 15,000 international companies to the emirate.

Answer 2

Answer:

What are the factors that have helped ras al kahimah in achieving high developing rates in the recent years ?

• Ras Al Khaimah: Following the promotion of His Highness Shaikh Saud Bin Saqr Al Qasimi as Member of the Supreme Council and Ruler of Ras Al Khaimah in 2010, the emirate has left on fast extension and advancement, constructing its status as the UAE's third business center point.

• Throughout the most recent eight years, Shaikh Saud has had a major impact in setting up substances, for example, the Ras Al Khaimah Investment Authority (Rakia), acquainting government and lawful changes with pull in business to its free zones and putting resources into its visitor and trade framework.

• "I need to construct a various economy that appreciates solid, maintainable development through drawing in speculations to make riches and increase the expectations of living for all the individuals of Ras Al Khaimah," said Shaikh Saud.

• Containing just 1.5 percent of the UAE's economy, the emirate's minimized size in relation to its econ-omically strong neighbors implied it wasn't as severely hit by the ongoing downturn.

• From this steady base, RAK has reliably accomplished "An" evaluations from Standard and Poor's and is set to proceed on its consistent development way.

• As indicated by an ongoing report by the Oxford Business Group, the number of inhabitants in Ras Al Khaimah which is evaluated at 241,000, is estimate to develop to 750,000 by 2020 with the advancement of its industry, exchange, the travel industry and land segments.

• Shaikh Saud said in an ongoing meeting with Gulf News that he anticipates that the economy should grow 8 to 10 percent in the following year.

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