Ruler Of Ras Al Khaimah Emphasises Economic Development At RAKEZ Annual Ceremony
H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, emphasised the emirate's ambitious vision in building a robust economic system. This system fosters strategic partnerships with various nations, enhancing economic cooperation across multiple sectors. Such efforts are pivotal in establishing Ras Al Khaimah as a global business hub while advancing sustainable development goals.
The Ras Al Khaimah Economic Zone (RAKEZ) recently held its annual ceremony at the Al Hamra International Exhibition and Conference Centre. The event celebrated RAKEZ's accomplishments and its success in achieving its economic targets for 2024. Attendees included strategic partners, business leaders, and government representatives.
During the event, H.H. Sheikh Saud highlighted the economic sector's crucial role in executing the emirate’s development plans. He noted that this sector significantly contributes to Ras Al Khaimah’s GDP and overall progress. The emirate is committed to aligning visions and utilising resources to boost the sector’s performance and competitiveness regionally and globally.
He acknowledged the essential contributions of strategic partners, including business leaders and investors, in supporting the emirate’s economy. These partnerships drive mutual interests and transform challenges into opportunities for success and prosperity.
H.H. Sheikh Saud praised RAKEZ for its achievements in 2024, particularly in advancing the emirate’s economic vision. Efforts include enhancing legislative frameworks, improving the business climate, attracting foreign direct investment, and increasing competitiveness in priority sectors.
This approach aligns with investors’ aspirations for expansion and market access, reinforcing Ras Al Khaimah as a secure investment destination. The emirate aims to provide a stable environment that meets investor expectations.
The ceremony was attended by key figures from Ras Al Khaimah’s government entities, federal ministries, agencies, business leaders, investors, and senior officials from RAKEZ. Their presence underscored the importance of collaboration in achieving economic objectives.
With inputs from WAM
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