Ras Al Khaimah Chamber Of Commerce And Industry Approves Five-Year Strategy To Boost Business

The Ras Al Khaimah Chamber of Commerce and Industry approved a five-year strategy for 2026-2030, designed to upgrade the emirate’s business environment and support long-term growth in tourism, industry and trade while reinforcing Ras Al Khaimah’s status as a regional and international investment centre.

The strategy was endorsed during a regular board meeting chaired by Mohamed Mosbeh Al Nuaimi and was prepared by the Chamber’s Department of Strategy and Digital Economy, which outlined measures to draw foreign investors, attract international companies and help local businesses access new global markets.

According to the plan, the Ras Al Khaimah Chamber aims to create a more competitive and sustainable commercial climate by simplifying procedures, improving internal governance structures and strengthening transparency rules, which are intended to protect both consumers and investors and make the emirate more attractive for business operations.

The strategy highlights support for innovation and entrepreneurship within Ras Al Khaimah’s business environment, with particular attention to startups and small enterprises, alongside policies that encourage investment in the emirate’s digital economy, reflecting the wider shift towards technology-driven services across the UAE and the Middle East.

Al Nuaimi informed board members that the Ras Al Khaimah Chamber’s new strategy is aligned with national development programmes, including the UAE’s Vision 2030, and is expected to act as a key reference for strengthening the emirate’s image as a global destination for investment, trade and digital economy activities.

He noted that adopting the 2026-2030 framework demonstrates the Chamber’s commitment to national priorities and adherence to the directives of Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, particularly in areas such as economic advancement, innovation, sustainability and global competitiveness.

Ras Al Khaimah Chamber strategy and foreign investment

Al Nuaimi stated that the Ras Al Khaimah Chamber continues to play an important role in attracting foreign investment and supporting the emirate’s economic openness, while its initiatives and programmes are designed to complement federal strategies and contribute to wider UAE growth objectives.

The Chamber’s functions under the strategy also include helping resolve commercial disputes through mediation and arbitration, representing Ras Al Khaimah’s economic sectors at international events, organising exhibitions, arranging trade delegations and working with regional and global partners to advance shared economic goals.

Al Nuaimi added, "We have adopted an integrated strategy for the next phase that enhances public and private sector partnerships and reflects the future role of the Ras Al Khaimah Chamber in shaping the Emirate’s economic future."

The 2026-2030 plan positions the Ras Al Khaimah Chamber as a central platform linking investors, companies and government entities, with its activities in governance, dispute resolution, promotion and digital development expected to support steady economic expansion across tourism, industry and trade in the emirate.

With inputs from WAM