RAKEZ Showcases Tailored Business Solutions For Sustainable Automotive Investors At London EV Show

Ras Al Khaimah Economic Zone (RAKEZ) is set to participate in the London EV Show at ExCeL London from 26th to 28th November 2024. This event serves as a global platform for showcasing innovations in electric vehicles (EVs), including cars, trucks, charging infrastructure, eVTOLs, and boats. RAKEZ will present its business solutions tailored for sustainable automotive investors.

RAKEZ offers comprehensive services starting at GBP 2,500, including business licence issuance, UAE residence visas, and coworking spaces. These services are designed to attract entrepreneurs and innovators in the dynamic UAE EV market. The aim is to facilitate the establishment and growth of ventures aligned with sustainability goals.

The UAE's National Electric Vehicles Policy aims to reduce transport-related energy consumption by 20% and establish a nationwide EV charging network. The Ministry of Energy and Infrastructure's ‘Global EV Market’ initiative targets 50% EV adoption on UAE roads by 2050. RAKEZ’s participation aligns with these ambitious sustainability objectives.

Ras Al Khaimah contributes to this vision through its Efficient Vehicles Programme, part of the Ras Al Khaimah Energy Efficiency and Renewables Strategy. The emirate aims for EVs and hybrids to make up 50% of vehicle sales by 2040, demonstrating its commitment to sustainable transportation.

RAKEZ is home to several pioneering automotive companies such as Triton EV, BaseTrack, Global Conversions, and Caresoft Global. These companies exemplify RAKEZ’s role as a hub for innovation in the automotive sector. Their presence highlights the zone's capacity to support forward-thinking ventures.

At the London EV Show, RAKEZ seeks partnerships with global EV leaders while promoting Ras Al Khaimah as an investment-friendly environment. The goal is to position the region as a destination for sustainable growth and support the broader decarbonisation agenda.

Invitation to European Companies

"Participating in the London EV Show highlights RAKEZ’s commitment to sustainability and innovation," said RAKEZ Group CEO Ramy Jallad. "Our robust business ecosystem is designed to support growth and collaboration in the EV industry, attracting forward-thinking investors and entrepreneurs who share the UAE’s vision for a greener future."

RAKEZ invites European companies to leverage its tailored business solutions and vibrant infrastructure for sustainable ventures. By doing so, it aims to bolster the UAE’s position as a leader in global sustainability efforts.

The presence of RAKEZ at this prestigious event underscores its dedication to fostering an environment conducive to innovation and sustainability. Through strategic partnerships and showcasing its offerings, RAKEZ aims to contribute significantly towards achieving national sustainability targets.

With inputs from WAM