Government Policies
The local government of Ras Al Khaimah, with its progressive and pro-business attitude, strongly contributes to the economical growth of the Emirate. By creating suitable conditions such as infrastructure, favourable tax laws and political stability, the government has welcomed various industries and enterprises into the Emirate.
Numerous governmental bodies were created to play a significant role in Ras Al Khaimah’s business development. These include Investment and Development Office (IDO), RAK Investment Authority (RAKIA), RAK Chamber of Commerce and RAK Free Trade Zone (RAKFTZ). Their role is to attract and assist new investors and entrepreneurs in Ras Al Khaimah.
Investment and Development Office (IDO)
Phone: 07 2277888
Web: www.rakinvest.ae
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RAK Chamber of Commerce
Phone: 07 2333511
Web: www.rakchamber.ae
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RAK Economic Department
Phone: 07 2221711
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RAK Free Trade Zone (RAKFTZ)
Phone: 07 2041111
Web: www.rakftz.com
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RAK Investment Authority (RAKIA)
Phone: 07 2446533
Web: www.rak-ia.com
INFRASTRUCTURE
Infrastructure is well established in Ras Al Khaimah. Seaports, airports and roads, so important for the development of any successful economy, are present and continue to be developed. Ras Al Khaimah is home to one of seven international airports and three major seaports in the UAE (RAK Port, Al Jazirat Port and Saqr Port).
This Emirate has a good road network and excellent connections with other emirates. Since the opening of the Emirates Road (E311) in 2005, Ras Al Khaimah can be reached from Dubai and Sharjah in one hour and in less than three hours from Abu Dhabi. The East Coast can be accessed via an excellent mountain road passage going to Dibba, or alternatively via Masafi to Fujairah.