RAK hails free zone status at global conference

02/11/2010 - Ras Al Khaimah Property News
RAK hails free zone status at global conference

Posted by Bob Brunskill

The ruler of Ras Al Khaimah praised the emirate's profile as an "important free zone innovator on an international level" as he opened the World Free Zone Convention 2010 today (November 2nd).

Sheikh Saud bin Saqr Al Qasimi welcomed the role of the convention in bringing together free zones from across the world as the event got under way at Ras Al Khaimah's Al Hamra Convention Centre.

The World Free Zone Convention 2010 is the first of its kind to be held in the Middle East and is thought to have welcomed over 200 international and regional delegates.

In his opening message, Sheikh Saud said: "The convention comes at an important time when our economic policies are beginning to deliver success and leading to strategic partnerships with key players across the world."

The UAE ministry for foreign trade states that the total value of foreign direct investments (FDI) that have flowed into the UAE through free zones has reached approximately $73 billion, making it the second most FDI-attractive country in the Arab World.
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