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Ras Al Khaimah woos Indian investments

DUBAI — Ras Al Khaimah Investment Authority (RAKIA), recently organised a 'Business Leaders and CEO's Meet' to highlight the increasing investment opportunities in Ras Al Khaimah. The seminar, organised in association with the Indian Business and Professional Council (IBPC), Sharjah and Morison Menon Chartered Accountants, was aimed at attracting investments from Indian investors.

Commenting on the seminar, Dr Khater Massaad, CEO of RAKIA, said, "India and the UAE share a long history of bilateral trade relations, and the two countries have a lot in common in terms of traditions and values. Indian businesses are also playing a pivotal role in Ras Al Khaimah, with around 30 per cent of the investments in RAKIA free zone and industrial zone coming from India through different manufacturing sectors. A specialised seminar like this serves as the perfect platform to highlight various investment avenues in Ras Al Khaimah."

Indo-UAE trade is today valued at over $18 billion, with the UAE emerging as the second largest market globally for Indian products. Indian exports to the UAE in 2006-07 stood at $10.67 billion, while UAE's exports to India during the same period reached $7.5 billion.