RAKEZ Recognised As Top Economic Zone At India-GCC Achievers Awards

Ras Al Khaimah Economic Zone (RAKEZ) has been honored with the title of "Best Special Economic Zone (SEZ)" at the Annual India GCC Achievers Awards 2024, a prestigious event hosted by the Indian Economic Trade Organization (IETO) in New Delhi, India. This recognition is a testament to RAKEZ's outstanding support for Indian companies and its pivotal role in bolstering India-GCC relations. The awards ceremony is designed to acknowledge the contributions of industry leaders, entrepreneurs, philanthropists, and organizations that have significantly propelled the progress and prosperity within the GCC region.

During the event, IETO President Asif Iqbal lauded RAKEZ for its exceptional business services and unwavering support to Indian entrepreneurs aiming to navigate the UAE market. He highlighted RAKEZ's instrumental role in facilitating Indo-UAE trade relations, especially in the context of the Comprehensive Economic Partnership Agreement (CEPA), which is crucial for ongoing mutual prosperity and development.

Ramy Jallad, Group CEO of RAKEZ, expressed his gratitude for the recognition, stating it mirrors RAKEZ's commitment to business excellence and its significant contribution to promoting international trade and attracting foreign direct investment (FDI) into Ras Al Khaimah. He emphasized that India is a key source of FDI for Ras Al Khaimah, with over 5,300 Indian companies choosing RAKEZ as their preferred hub. This demonstrates the confidence Indian investors have in RAKEZ’s capabilities to act as a catalyst for growth and expansion in a competitive global marketplace.

RAKEZ distinguishes itself as an ideal destination for business and investment by offering a comprehensive range of services and facilities designed to accommodate businesses of all sizes from various sectors. Its dedication to creating an environment conducive to growth, innovation, and prosperity has been instrumental in attracting a significant number of Indian businesses to the region, thereby fortifying economic ties between the UAE and India.

The accolade from the Annual India GCC Achievers Awards 2024 not only celebrates RAKEZ’s exceptional support to Indian companies but also underscores its key role in enhancing economic relations between India and GCC countries. Through fostering stronger ties and highlighting achievements that impact economic relations positively, RAKEZ continues to play a crucial role in the region’s journey towards continued progress and prosperity.

With inputs from WAM