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Banner Year for RAKIA as Business Ventures Soar

RAKIA is a provider of investment opportunities in its free zones, industrial parks and offshore facilities as well as in real estate developments and other ventures in the northern emirate.

“The sky is the limit when it comes to the opportunities investors can choose from in Ras Al Khaimah and RAKIA’s Free Zones and Industrial Parks. The procedures are clear and easy, licences can be issued in one hour’s time, without hassle or bureaucracy,” RAKIA chief executive officer Dr Khater Massaad said.

In terms of the onshore licences, 35 per cent were achieved in the fourth quarter alone, when considerable growth was observed, which from the January and February 2010 results is expected to continue. The investment attracted came mainly from UAE (14 per cent), Middle East (15 per cent), Europe (24 per cent), India (26 per cent), Asia (9 per cent), US and CIS countries.

“Personalised and flexible service is very important for us; we constantly strive to fulfil all our customers’ business requirements in the best possible way. One further advantage of RAKIA Free Zone is the competitive rates, which are constantly revised to reflect our vision in attracting businesses and supporting them to succeed,” Dr Massaad said.

RAKIA offers a one-stop approach for different types of licences and business requirements. It can cater to free zone and non-free zone licences, on- and offshore, for all types of businesses.

business@khaleejtimes.com