RAK Free Trade Zone aims to welcome Chennai businesses

16/08/2010 -
RAK Free Trade Zone aims to welcome Chennai businesses

Posted by Bob Brunskill

Officials from the Ras Al Khaimah Free Trade Zone (RAK FTZ), are set to meet corporate interests in Chennai, India, to identify potential investors and foster new business links, it has been reported.

According to the Al Bawaba news agency, the official trade team from RAK FTZ's Mumbai Liaison Office will hold interactive sessions and consultative meetings with potential investors at The Taj Mount Road Hotel in Chennai from August 18th to 20th 2010.

It was suggested that the RAK FTZ team will particularly target SMEs with a view to explaining how companies can easily set up operations in the UAE through cost-effective investments.

"As we celebrate our 10th anniversary this year, we are looking to strengthen our positioning as a business hub geared at helping SMEs connect to emerging market economies," commented Oussama El Omari, chief executive officer at RAK FTZ.

"Our target is to increase registrations by 15 per cent by the end of the year ... Chennai, as a region, presents huge potential, with a large number of SMEs operating in different sectors, which want to expand overseas."

Meanwhile, it was reported last week that RAKBANK is using the holy period of Ramadan to launch its Loan Instalment Deferral, which will grant customers an automatic instalment deferment on personal loans and SME loans.

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