RAK Free Trade Zone targets new Indian investments

01/12/2010 - Ras Al Khaimah Property News
RAK Free Trade Zone targets new Indian investments

Posted by Bob Brunskill

The Ras Al Khaimah Free Trade Zone (RAK FTZ) Authority has reported on the results of a "top-level media delegation from India" which was received earlier this month with the aim of boosting Indian investment in the emirate.

It was disclosed that during the visit on November 21st-24th, RAK FTZ's management showcased the key facilities and services on offer while also highlighting "the salient advantages" for Indian businesses in setting up operations at the free zone.

The media representatives were also briefed on the Indian companies operating at RAK FTZ and the growing trade relations between the UAE and India.

"Indian businesses should take advantage of the close trade ties between the UAE and India," commented RAK FTZ chairman Sheikh Faisal Bin Saqr Al Qasimi.

"We are keen to attract small and medium sized enterprises from India and help them set up business in the fastest and the easiest way at RAK FTZ."

Almost 2,000 Indian companies have set up operations at RAK FTZ in the ten years since its inception.

According to the free zone, trade between the UAE and India, which was valued at $180 million per annum in the 1970s, is today valued over $45 billion.ADNFCR-2019-ID-800266188-ADNFCR