RAKEZ CEO Ramy Jallad highlights how RAKEZ is accelerating UAE’s startup ecosystem through strategic partnerships, collaborative coworking spaces, custom financial solutions, and regulatory support, creating a foundation for innovation and growth.
As startup momentum has gained currency in the UAE, what specific initiatives is RAKEZ implementing to support startups in Ras Al Khaimah?
SMEs and startups are an essential part of the UAE’s economic engine, contributing around 63.5% to the non-oil GDP and driving innovation across sectors. With projections of up to 1 million SMEs by 2030, we’re focused on creating an environment at RAKEZ that helps these businesses thrive and grow.
To support this momentum, we’ve introduced flexible business packages that lower entry barriers, allowing SMEs and startups to get off the ground without heavy costs. But we know startups need more than just a license—they need ongoing support. That’s why we’ve built a lineup of events, from workshops and seminars to networking forums, where entrepreneurs can connect with investors, industry experts, and like-minded peers. These events aren’t just gatherings; they’re key opportunities for startups to gain market insights, broaden their networks, and explore potential funding channels.
In addition to this, we offer a range of value-added services, providing specialized consultations in areas like legal, marketing, and administration to help founders navigate the complexities of scaling up. And we know how important collaboration and community are, which is why we established the Compass Coworking Centre. It’s more than a workspace—it’s a dynamic hub designed for entrepreneurs to work, network, and innovate side by side. With modern amenities and a flexible setup, Compass provides a space where creativity and collaboration thrive.
Our focus is on making market entry as seamless as possible, so entrepreneurs can concentrate on what they do best: innovating and making a difference. At RAKEZ, we’re building more than just business solutions; we’re creating a thriving ecosystem where startups can play an active role in shaping the UAE’s diverse and dynamic economy.
How does RAKEZ collaborate with other organizations or government entities to enhance the country’s startup ecosystem?
Collaboration is essential to RAKEZ’s mission of building a strong, sustainable startup and SME ecosystem in the UAE. By partnering with key organizations and government entities, we create an environment where startups and SMEs have access to the resources, expertise, and support needed to thrive.
Our partnerships with leading banks—including RAKBANK, Mashreq, Emirates NBD, and others—provide streamlined financial solutions for startups and SMEs. These banks offer easy account set-up, dedicated advisors, online payment services, and financial support packages, simplifying the set-up process and helping new businesses operate smoothly. In the e-commerce space, we work with platforms like Amazon UAE and Tradeling to empower RAKEZ-based businesses with digital tools, access to a vast customer network, and resources for scaling online. Additionally, our collaboration with Emirates Post offers startups bundled logistics, financial, and tech support, allowing them to streamline their operations and focus on growth.
On the regulatory front, RAKEZ works with government bodies such as the RAK Department of Economic Development, Chamber of Commerce, Emirates Development Bank (EDB), Etihad Credit Insurance (ECI), RAK Courts, Customs Departments, RAK Civil Defense, and RAK Immigration. These partnerships ensure that our businesses have a robust support network to navigate regulatory processes with ease, fostering a smooth market entry and operational efficiency.
We also create valuable networking and learning opportunities through our events, forums, and workshops, where entrepreneurs can connect with investors, potential partners, and industry experts. These gatherings go beyond traditional networking by fostering collaboration, sharing insights, and strengthening the startup community in Ras Al Khaimah.
These are just a few of our key partnerships, and we’re continually expanding our network to bring even more resources and opportunities to our business community. Our commitment is to build a thriving ecosystem that supports entrepreneurs every step of the way.
What resources and facilities do RAKEZ provide to help startups scale their operations?
At RAKEZ, we provide startups with resources and facilities that truly drive growth. Our Compass Coworking Centre serves as a collaborative space where entrepreneurs can work flexibly and connect with a dynamic community of peers. It’s more than just a workspace—it’s where ideas flourish, partnerships form, and innovation thrives.
Our training programs cover essential topics such as business development strategies, client relationship management, social media mastery, financial planning and budgeting, IT and digital solutions, and sales techniques. These sessions address practical challenges, equipping entrepreneurs with skills crucial for long-term success.
We also offer extensive networking opportunities, allowing startups to connect not only with like-minded entrepreneurs but also with professionals from other sectors. Through our events, workshops, and mentorship programs, entrepreneurs gain valuable industry insights, expand their networks, and create connections that can lead to potential partnerships and collaborations.
For companies needing physical space to grow, RAKEZ provides scalable warehouse and office solutions. Our warehouses meet logistical needs, while our flexible office spaces allow teams to expand smoothly as they grow.
Each of these resources is designed to make scaling up as seamless as possible, empowering startups to focus on what they do best. With the right facilities, training, and connections, businesses at RAKEZ have everything they need to tackle new challenges and seize opportunities in the UAE’s thriving market.
How does RAKEZ plan to attract international startups to establish a presence in Ras Al Khaimah?
We’re all about creating the ideal environment for international startups to establish and thrive in Ras Al Khaimah. At RAKEZ, we understand what it takes for a startup to enter a new market smoothly, so we focus on making setup straightforward, affordable, and growth-oriented.
To make RAKEZ even more attractive to global entrepreneurs, we offer a range of incentives that truly set us apart—100% foreign ownership, zero income tax, and a simplified setup process. These benefits give startups the freedom to operate and grow without the usual complexities. We actively promote these advantages through international roadshows, trade missions, and partnerships with foreign trade bodies, so that startups worldwide know about the unique opportunities RAKEZ offers.
Our recent participation in Expand North Star, one of the world’s largest startup events, was part of this mission to connect directly with the global startup community and show how we’re the perfect launchpad for growth in the UAE.
Ras Al Khaimah’s strategic location offers another competitive edge, providing startups access to high-demand markets across the Middle East, Africa, and Asia. Combined with our attractive pricing models, RAKEZ is an ideal hub for startups looking to enter and scale in the region.
How does RAKEZ address the unique challenges faced by startups in the region, particularly in terms of funding and access to markets?
We at RAKEZ understand that access to funding and markets are two of the biggest challenges startups face, especially in a competitive region like ours. That’s why we’ve built strong partnerships and programs that specifically address these needs, giving startups a solid foundation for growth.
To support funding, RAKEZ actively connects startups with the Emirates Development Bank (EDB), a key partner in financing entrepreneurial ventures across the UAE. Through EDB, startups have access to tailored financial support, including loans and growth funding, designed to help them scale their operations.
When it comes to market access, RAKEZ’s location in Ras Al Khaimah offers startups strategic connectivity to high-demand markets across the Middle East, Africa, and Asia. We also work with leading e-commerce platforms, such as Amazon UAE, Tradeling and many others, to help startups establish a strong digital presence and reach customers online. Our international roadshows and trade missions give startups a hands-on opportunity to explore new markets, connect with local trade bodies, and build global partnerships.
Through funding connections, strategic location, and market entry support, RAKEZ provides startups with the essential tools to overcome challenges and succeed in the region’s fast-paced business landscape.
Can you discuss any upcoming programs or events RAKEZ hosts to foster innovation and entrepreneurship?
We’re constantly introducing new programs and events to spark innovation and support entrepreneurship here in Ras Al Khaimah. One of our key initiatives includes a series of industry-focused workshops and networking events that bring together thought leaders, investors, and successful entrepreneurs from across the region. These gatherings are designed to equip startups with valuable insights, foster collaboration, and create meaningful B2B opportunities.
We recently launched the RAKEZ Growth Series, an ongoing program covering essential topics like scaling strategies, digital transformation, and financial management tailored specifically for startups and SMEs. The response has been fantastic, and we’re excited to expand this series with even more sessions and fresh topics to support our clients’ evolving needs.
There’s also a lot more in the pipeline, including larger events and sector-specific programs, and we’ll be announcing these soon. We’re committed to providing our business community with a dynamic calendar of resources and events to ensure they have everything they need to thrive.
How does RAKEZ incorporate feedback from the startup community to refine its support initiatives?
Listening to the startup community is essential to how we shape and enhance our support initiatives. We actively gather feedback from entrepreneurs through regular sessions, surveys, and one-on-one meetings, giving them an open platform to share insights on their experiences—from business setup to mentorship programs and events. This input enables us to make real-time improvements and ensures our offerings stay aligned with what startups truly need.
For us, feedback isn’t just valuable—it’s the foundation of our approach. By staying closely connected to the challenges and goals of our startup community, we ensure that RAKEZ remains a responsive, supportive environment where entrepreneurs can thrive. Every piece of feedback we collect helps us refine our services, improve operational efficiency, and tailor support packages that grow alongside our clients’ ambitions.
What is RAKEZ’s vision for the startup ecosystem in Ras Al Khaimah over the next 2-3 years?
We’re on an exciting journey at RAKEZ to establish Ras Al Khaimah as a premier hub for innovation and entrepreneurship in the region. Our goal is to expand our startup ecosystem by drawing in more local and international startups, strengthening our infrastructure, and building deeper connections with global accelerators and investors.
Building on the incredible response to our current Compass Coworking Centre, I’m thrilled to share that we’re moving forward with Compass Coworking Centre 2 (CCC2)—a state-of-the-art facility that will be around three times the size of the original. Located right between Marjan Island and Al Hamra in the business and beach district, CCC2 is all about creating an inspiring, sustainable space for innovators. It’s LEED-certified, reflecting our commitment to sustainability, and it’ll feature expanded event spaces, flexible office layouts, and amenities like cafés, retail spaces, and even a podcast recording studio.
Beyond CCC2, we’re also adding 20,000 square meters of private office space and upgrading another 20,000 square meters to meet the demand for dedicated work environments. These spaces are designed to give startups and growing businesses the flexibility they need as they scale.
We’ll also continue to support our community with regular sessions, workshops, and events to keep startups up to date on industry trends and best practices. Our goal is to create a thriving, sustainable ecosystem where entrepreneurs have access to everything they need to succeed. We’re building an environment right here in Ras Al Khaimah that’s primed for growth, collaboration, and innovation—and we can’t wait to see what’s next.
How does RAKEZ leverage technology to improve services for startups?
Technology is at the heart of how we’re enhancing the RAKEZ experience for startups. We know that time is everything for entrepreneurs, so we’re focused on creating digital solutions that make business setup and management as seamless as possible.
One of our standout offerings is the Instant License, which allows startups to get their business up and running in record time. With just a few clicks, entrepreneurs can secure their license online, cutting down on processing time so they can dive straight into their business activities without delay.
We’re also integrating AI into our processes to enhance efficiency and personalize the experience for our clients. AI-driven insights help us anticipate the needs of startups, automate routine tasks, and streamline administrative processes. This means faster responses, more tailored services, and a smoother journey from setup to scale-up.
Behind the scenes, we’re using data insights to understand what our clients need most, so we can keep refining our support and introducing services that genuinely make a difference. By embracing technology, we’re building a dynamic, responsive environment that empowers startups to focus on what really matters: growing and innovating.
What advice do you have for entrepreneurs looking to establish their businesses in Ras Al Khaimah?
For any entrepreneur looking to establish in Ras Al Khaimah, my advice is to approach it strategically and stay open to the unique advantages this place offers.
First, understand your market deeply. Successful businesses are built around real demand, so take the time to understand your target audience, their needs, and what you can offer that truly adds value. Ras Al Khaimah is an incredibly diverse market with access to the wider Middle East, Africa, and Asia, so think about how your product or service can resonate across these regions.
Second, location is everything. Ras Al Khaimah combines a business-friendly regulatory environment with strategic positioning. By choosing RAKEZ, you’re not only benefiting from our flexible setup options but also our support infrastructure, designed to help startups thrive right from the start.
Adaptability is key—the market can shift fast, and staying responsive to trends can keep you ahead of the curve. We encourage startups here to stay agile and leverage our mentorship and networking programs, which keep entrepreneurs connected to new developments and resources.
Also, invest in a strong team. Talent is a critical driver of growth, so bring on people who share your vision and expertise. At RAKEZ, we offer visa and relocation support to make it easier to build that solid team.
Finally, always think long-term. Keep an eye on future trends, and don’t be afraid to innovate. Whether it’s through adopting sustainable practices or integrating new technology, positioning your business for the future will pay off. At RAKEZ, we’re here to support you every step of the way, with facilities and resources designed for growth.
Ras Al Khaimah is a place where you can grow sustainably, connect globally, and build something impactful. Take advantage of all it has to offer, and don’t hesitate to lean on our community—we’re here to help you succeed.
How do you measure the success of your initiatives aimed at supporting startups?
At RAKEZ, we measure the success of our initiatives by focusing on both the individual growth of startups and the overall strength of the startup ecosystem in Ras Al Khaimah. A key indicator is the number of startups registered with RAKEZ, along with their growth and survival rates beyond the crucial early years. The fact that a significant portion of our business community is made up of SMEs and startups is clear proof that our support and infrastructure align well with the needs of emerging ventures.
Engagement within our programs is another major metric. By tracking participation levels in our events, workshops, mentorship sessions, and networking platforms, we can gauge the relevance and impact of these resources on our community. High engagement shows us that we’re providing real value, and it also helps us fine-tune our offerings to better support startups.
Direct feedback from our clients is also essential. Through regular surveys, feedback sessions, and one-on-one discussions with founders, we gather insights into what’s working well and what could be improved. This feedback loop allows us to continuously adapt and evolve to meet the needs of our growing startup community.
Finally, we look at the broader economic contributions of our startups in Ras Al Khaimah. As these businesses expand, create jobs, and introduce new ideas, they play a vital role in strengthening the local economy. For us, success means not just helping startups grow individually but fostering a vibrant, thriving business environment that drives Ras Al Khaimah forward.
In the end, seeing our startups thrive and actively contribute to the local economy is the strongest validation of our efforts and a testament to the value of RAKEZ’s ecosystem.
Are there any partnerships with educational institutions to promote entrepreneurship among students in the region?
Absolutely, supporting the next generation of entrepreneurs is something we’re truly passionate about at RAKEZ. We’ve partnered with educational institutions and organizations like the Abdulla Al Ghurair Foundation and Skyrize Partners to deliver impactful programs that build real-world skills among students and young professionals.
Through initiatives like the Nomu Al Ghurair program, we’re empowering Emirati and Arab women with essential leadership skills, career guidance, and hands-on project experience. It’s all about bridging the gap between academic learning and practical business skills, so these young talents are ready to step into the entrepreneurial world with confidence.
In addition, we welcome students from various universities and colleges for internships at RAKEZ, not only to give them insight into different career paths but also to introduce them to the world of business setup and entrepreneurship. These experiences offer students a firsthand look at what it takes to launch and grow a business, sparking that entrepreneurial mindset early on.
For us, these initiatives are more than just programs—they’re an investment in the future of Ras Al Khaimah’s business community. By nurturing young talent, we’re building a foundation for a vibrant, innovative, and opportunity-rich ecosystem.
