RAKIA servicing strong demand for licences

25/06/2009 - Ras Al Khaimah Property News
RAKIA servicing strong demand for licences
The Ras Al Khaimah Investment Authority (RAKIA) has had a busy start to the year and has issued 289 new business licences in the last six months.

In a statement released yesterday (June 24th), the group announced that their client base has now breached the 1,500 barrier.

A breakdown of the companies registered with the authority shows that commercial and industrial licences have been in highest demand, with 529 and 504 clients in each of these sectors respectively.

Meanwhile, 288 trading companies have also been licensed, in addition to 209 media firms based in Ras Al Khaimah.

"The continued influx of foreign investors and the growing level of international interest in the emirate have been achieved primarily because of the proactive support of the government," said RAKIA chief executive Dr Khater Massaad.

The organisation has recently announced that it has entered an agreement with Baroda to provide finance for new commercial units in the RAKIA Free Zone in anticipation of continued growth.ADNFCR-2019-ID-19236634-ADNFCR