Ras Al Khaimah conference celebrates 'investor-friendly' environment

01/06/2010 - Ras Al Khaimah Property News
Ras Al Khaimah conference celebrates 'investor-friendly' environment

Posted by Bob Brunskill

Ras Al Khaimah Investment Authority (RAKIA) has disclosed details of various positive discussions that were held at its investment conference at the Grand Hyatt hotel in Dubai last month.

The conference, which took place on May 17th, set out to shed light on emerging investment opportunities in the emirate of Ras Al Khaimah and was attended by high level executives and other business investment leaders from Dubai and Sharjah, Ras Al Khaimah Cityguide reported.

Durind the meeting, Khater Massaad, chief executive officer at RAKIA, argued for the specific advantages that the emirate presents to investors including easy licensing procedures, single window clearance for approvals and permits, the ready availability of power and the issuance of various kinds of visas under one roof.

"The strong government support, investor-friendly policies and Ras Al Khaimah’s high quality infrastructure, make the emirate a highly appealing investment destination for investors from around the world," said Dr. Massaad.

RAKIA issued a total of 400 licences to different businesses between January 1st-April 30th, 2010, representing a 78 per cent increase on the same period last year.