The Economy of Ras al-Khaimah

Business in Ras al-Khaimah is booming thanks to the progressive vision of its modern leadership as embodied by Sheikh Saud bin Saqr Al Qasimi. One of its main attractions in this regard is the lower cost of business in comparison to the rest of the UAE, and this is an aspect that is enticing foreign business interests to make capital investments in the region. The Ras al-Khaimah Investment Authority is actively engaged in business promotion; to this end, the Investment Authority officials highlight the strategic port operations at its own Maritime City Free Zone and its multiple opportunities for industrial and commercial activities. Ras al-Khaimah’s ancient heritage as a pottery center continues today with the modern RAK Ceramics facility, and the real estate industry is booming with massive luxury developments.