Posted by Neil King
The Ras Al Khaimah Free Trade Zone (RAK FTZ) has announced it will host the World Free Zone Convention (WFZC) in November - the first of its kind to be held in the Middle East.
Taking place on November 2nd and 3rd 2010 at Al Hamra Convention Centre & Hamra Hotels & Resorts in the emirate, this year's convention will mark the tenth anniversary of both WFZC and RAK FTZ.
It was also confirmed that over 200 delegates from various free zones across the world are expected to take part in WFZC 2010, which will be held under the slogan "Harnessing economic zones worldwide to the cause of economic recovery, dynamic growth and strengthened world trade".
Sheikh Faisal Bin Saqr Al Qasimi, chairman of RAK FTZ, commented: "This is the first time a convention of such stature is being held in RAK and is an important milestone for both RAK and RAK FTZ. We will utilise this unique chance to review the successes achieved in the past decade and set benchmarks for the conventions to come."
Despite the challenges of the global downturn in 2009, registrations and company revenue in the RAK FTZ have grown by ten and 11 per cent respectively, with the authority also forecasting an additional 2,250 companies in 2010.