RAK Businesses Set for Global Expansion Through Strategic FedEx-RAKEZ Partnership

Federal Express Corporation, the leading express transportation company globally, partnered with Ras Al Khaimah Economic Zone (RAKEZ) to host its first strategic breakfast meeting. The event aimed to educate over 50 companies in Ras Al Khaimah about logistics innovations that can help them expand into international markets.

The gathering took place at Movenpick, Marjan Island, focusing on "Taking Your Business Global." Attendees explored the latest FedEx products and services designed to help businesses reach new international markets and territories.

Focus on Logistics Strategy

A robust logistics strategy is crucial for the UAE's economic goal of boosting the industrial sector's GDP contribution from $36 billion (Dh133 billion) to $82 billion (Dh300 billion) by 2031 under Operation 300bn. Consequently, the UAE's logistics sector is expected to grow by over 7% annually, with market size projected to exceed $30 billion (Dh110 billion) by 2030.

Sammy Bousaba, managing director of Sales for FedEx, emphasized the importance of efficient logistics in global expansion. He stated: "Efficient logistics play a critical role in global expansion. Our extensive network – which includes daily flights to and from the UAE through our state-of-the-art Hub at Dubai World Central – connects this region to key global markets, offering significant business expansion opportunities to local companies. Through innovative solutions and strategic collaborations such as our latest initiative with Ras Al Khaimah Economic Zone, FedEx continues to unlock new opportunities for UAE businesses while contributing to the development of the national logistics ecosystem and the goals of Operation 300bn."

RAKEZ's Role in Business Growth

The event also highlighted RAKEZ's supportive role in facilitating business growth and internationalization. As the hub of RAK industrial zone, RAKEZ provides a business-friendly environment with streamlined regulations and various incentives to attract foreign investments and encourage local businesses to expand globally.

Ramy Jallad, Group CEO of Ras Al Khaimah Economic Zone (RAKEZ), expressed enthusiasm about the collaboration: "Our collaboration with FedEx highlights our dedication to empowering businesses in Ras Al Khaimah. By offering access to world-class logistics solutions and expert guidance, we are equipping our members to navigate the complexities of international trade and achieve substantial growth. This collaboration aligns with the UAE Economic Vision 2030, as it adopts sustainable economic diversification and enhances the global competitiveness of our industrial sector."

Networking Opportunities

The breakfast meeting concluded with a networking session where attendees engaged with industry players, FedEx representatives, and RAKEZ officials. This allowed valuable connections and sparked discussions on potential collaborations and business opportunities.

The meeting marked a milestone for future RAKEZ initiatives aimed at supporting RAK businesses' international ambitions. It served as a platform for sharing insights on how local companies can leverage logistics innovations for global expansion.