RAK positioning itself to become bridge between West and East markets

20/05/2011 - Dubai Investment News Posted by Bob Brunskill
RAK positioning itself to become bridge between West and East markets

Ras Al Khaimah (RAK), the northern-most state of United Arab Emirates, is positioning itself to become the bridge between the West and East markets, theHindu.com has reported.RAK is, in fact, on an overdrive to act as a facilitator between western nations and India/China.Indeed, RAK is beckoning Indian firms to participate in infrastructure development."We are in between so we can bring together foreign and Indian firms as well as non-resident Indians," commented Oussama El Omari, chief executive officer and director-general of RAK's Free Trade Zone (FTZ).He added: "We can also play a big role in providing access to emerging markets of Brazil, Africa and countries like Iraq, Egypt and others needing reconstruction. Indian firms can grow internationally as there is lots of business to be done."Mr El Omari observed that India is a key and best market for the FTZ, adding that firms can invest in renewable energy like solar power.