Ras Al Khaimah Economic Zone (RAKEZ) announced the addition of over 1,500 new companies in the second quarter of 2023. This robust growth represents a remarkable 132% increase compared to the same period in 2022, further cementing RAKEZ’s role as an accelerator for business growth, fostering an investment-friendly climate.

Speaking about this achievement, RAKEZ Group CEO Ramy Jallad said, “Our strong performance in the second quarter of the year, with over 1,500 new companies joining us, is a result of our progressive approach, industry-leading business solutions, and unwavering commitment to nurturing businesses of diverse scales. The growth across various sectors, from general trading, and e-commerce, to media, services and manufacturing, reaffirms our vision of creating an inclusive and sustainable economic landscape for global entrepreneurs.”

RAKEZ continues to pull in new investors from around the world to Ras Al Khaimah. The majority of these investors are from countries such as India, Pakistan, UK, Egypt and Russia, highlighting the global appeal of the emirate’s conducive business environment.

“We will continue enhancing our services, facilities, and products to meet evolving business needs, and to further empower companies to reach their full potential, setting the stage for their future success in the UAE and beyond,” Jallad added.