ID :
58164
Wed, 04/29/2009 - 14:42
Auther :
Shortlink :
https://www.oananews.org//node/58164
The shortlink copeid
Ras Al Khaimah Free Trade Zone first quarter revenues increase 16 per cent
Ras Al Khaimah Free Trade Zone (RAK FTZ) reported a 16 per cent increase in revenues in the first quarter of 2009, compared to the first quarter of last year according to a report in "Gulf News".
RAK FTZ, one of the fastest-growing free trade zones globally, also reflected a four per cent increase in company registrations compared to the same period in 2008. So far 378 new companies have registered this year, the five largest being Jamal Travel Agency, Middle East Spark Trading, Al Mohandis International, Info Seven and Aysha Trading.
Topping the list are Asian companies with 32 per cent of total registrations, followed by European Union at 24 per cent, Middle East with 18 per cent, Other European countries with eight per cent and three per cent from the United States of America. Today, RAK FTZ is home to over 5,800 companies and contributes an estimated capital of Dh 10 billion to Ras Al Khaimah’s economy. Future investments of Dh7.3 billion are also underway or being planned, to ensure continued growth and unparalleled achievement.
Despite the ongoing economic crunch, the free zone has continued to attract new businesses in industries spanning IT, Consulting, Manufacturing and Trading. RAK FTZ is recognised not only regionally but globally, as offering strategic and cost-effective solutions to companies that strive to reach international markets.
RAK FTZ, one of the fastest-growing free trade zones globally, also reflected a four per cent increase in company registrations compared to the same period in 2008. So far 378 new companies have registered this year, the five largest being Jamal Travel Agency, Middle East Spark Trading, Al Mohandis International, Info Seven and Aysha Trading.
Topping the list are Asian companies with 32 per cent of total registrations, followed by European Union at 24 per cent, Middle East with 18 per cent, Other European countries with eight per cent and three per cent from the United States of America. Today, RAK FTZ is home to over 5,800 companies and contributes an estimated capital of Dh 10 billion to Ras Al Khaimah’s economy. Future investments of Dh7.3 billion are also underway or being planned, to ensure continued growth and unparalleled achievement.
Despite the ongoing economic crunch, the free zone has continued to attract new businesses in industries spanning IT, Consulting, Manufacturing and Trading. RAK FTZ is recognised not only regionally but globally, as offering strategic and cost-effective solutions to companies that strive to reach international markets.
