RAKEZ Drives UAE-India Economic Cooperation Forward At Jaipur Business Summit

Ras Al Khaimah Economic Zone (RAKEZ) recently made a significant impact at a business event in Jaipur, India, highlighting the strategic benefits of investing in Ras Al Khaimah. This initiative, part of a collaboration with the UAE-India CEPA Council and the Confederation of Indian Industry, aimed to bolster bilateral trade and investment. The event saw participation from experts at RAKEZ and representatives from various sectors within Ras Al Khaimah, engaging in roundtables and discussions to explore economic cooperation opportunities.

The focus of these discussions was on positioning Ras Al Khaimah as a vibrant center for industries like tourism, manufacturing, startups, real estate, and technology. Over 30 Indian businesses across different sectors showed interest in utilizing the UAE-India Comprehensive Economic Partnership Agreement (CEPA) for mutual benefits. This engagement not only strengthened existing relationships but also paved the way for new collaborative ventures and investments.

RAKEZ Group CEO Ramy Jallad expressed optimism about the outcomes of these interactions, stating, "The recent discussions with Indian entrepreneurs and industry leaders have been fruitful, enhancing our mutual understanding and uncovering exciting avenues for future collaborations under the CEPA framework." He emphasized RAKEZ's commitment to promoting Ras Al Khaimah's strategic position as a gateway to MENA region markets and its robust infrastructure to support business growth from India and globally.

During the event, targeted meetings were held to discuss potential collaborations and knowledge sharing for mutual growth in sectors such as chemicals, building materials, metals, IT, digital technology, and renewable energy. The healthcare discussions explored opportunities in telemedicine, medical tourism, and specialized healthcare facilities. In the technology sector, the focus was on partnerships in artificial intelligence, cybersecurity, and digital transformation.

RAKEZ's participation in international events underscores its role in facilitating global business and economic development. Home to over 23,000 companies, including more than 5,300 Indian enterprises, RAKEZ stands as a dynamic business hub. The presence of renowned Indian companies like Dabur, MSSL, Mahindra, Ashok Leyland, and Royal Gulf Industries highlights its attractiveness to major international players. RAKEZ continues to support growth by providing a comprehensive platform for businesses looking to expand into the Middle East and beyond.

With inputs from WAM