Ras Al Khaimah makes bid to boost international investment

22/03/2010 - Ras Al Khaimah Property News
Ras Al Khaimah makes bid to boost international investment

Posted by Bob Brunskill

Ras Al Khaimah (RAK) is making a concerted effort to welcome an increasing number of international investors, the emirate's Crown Prince and deputy ruler has said.

Speaking in an interview with the Oxford Business Group, Sheikh Saud bin Saqr Al Qasimi said that RAK's strategic location at the northernmost part of the UAE, coupled with a programme of ambitious economic reforms, would help to drive investment forward, Emirates Business 24/7 reported.

The comments were included in the Oxford Business Group's forthcoming business guide, The Report: Ras Al Khaimah 2010. The report features detailed analysis of the emirate's macroeconomics, infrastructure, politics and banking.

Sheikh Saud suggested RAK would seek to encourage foreign entrepreneurs to team up with the local workforce to stimulate business growth in the emirate.

He also identified RAK's tourism industry as a top priority for the coming years, adding: "The tourism industry will continue to be the main focus of our diversification strategy. We continuously assess how we can manage and market the emirate for visitors, both business and leisure."

TTG Live recently reported that Dubai's tourism department had launched a new Kids Go Free campaign aimed at driving forward arrival figures in the emirate between May and September.

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