Ras Al Khaimah continues 'rapid development'

23/07/2010 - Ras Al Khaimah Property News
Ras Al Khaimah continues 'rapid development'

Posted by Neil King

Ras Al Khaimah is continuing to experience rapid development and is attracting a wide range of global firms, it has been observed.

A feature in Gulf News comments that the emirate clearly "means business", particularly as the Ras Al Khaimah Investment Authority (RAKIA) is currently in the midst of a huge expansion drive.

It comes after RAKIA chief executive Khater Massaad this week said the body will focus on attracting more foreign investors by making the emirate as appealing as possible to those looking to set up operations.

Gulf News reported that there has been a concerted push by RAK's leaders to invest in speciality hospitals, educational institutions, homes, entertainment facilities and industrial parks as a means of improving the living environment and options available to businesses.

For example, it pointed to the Al Hamra free and industrial zones which together measure 5.8 million sq m as well as the Al Gail Park free zone which measures 3.7 million sq m and its industrial zone of 17.3 million sq m.

The article comes after Ras Al Khaimah's deputy ruler Sheikh Saud bin Saqr Al Qasimi told Construction Week that environmentally-friendly building and energy solutions are an important priority for the emirate as its economy grows.ADNFCR-2019-ID-19905364-ADNFCR