Abu Dhabi and RAK sign landmark agreement

05/12/2011 - Dubai Investment News Posted by Neil King
Abu Dhabi and RAK sign landmark agreement

In news that may prick the ears of people interested in buying property in the UAE, it has been announced that the Departments of Economic Development (DED) in Abu Dhabi and Ras Al Khaimah have signed a mutual cooperation agreement that will see them exchange information, studies and consultation on issues of interest related to economic development.It has been revealed that the landmark agreement was signed by DED Ras Al Khaimah by deputy chairman Shaikh Mohammed bin Kayed Al Qasimi, and on behalf of DED in Abu Dhabi by undersecretary Mohammed Omar Abdullah."Within the framework of its mandates and powers, Ras Al Khaimah DED is keen to have mutual cooperation with local economic departments and federal government entities to create an advanced legislative environment by proposing legislations that regulate economic activity and preparing necessary studies," remarked Shaikh Mohammed.To get the most from the agreement, he said it is imperative that there is total co-operation between the two government departments.