Sunday, May 5, 2024
Recently, a delegation of 34 Chinese business leaders visited Ras Al Khaimah to assess the vibrant business climate and investment prospects within the Ras Al Khaimah Economic Zone (RAKEZ). Throughout their stay, they explored the advanced facilities of U-PAK and Mabani Steel at RAKEZ’s Al Hamra Industrial Zone and engaged in discussions with officials from Ras Al Khaimah Port and notable real estate firms Marjan and RAK Properties. These interactions provided them with a deeper understanding of the zone’s strong infrastructure and business-friendly environment.
The discussions focused on potential collaborations in sectors such as additive manufacturing (including vehicles and machinery), agriculture, transportation, ICT, travel and tourism, as well as insurance and finance. Prominent Chinese enterprises currently operating in RAKEZ include Mohamed Plastic Waste Recycling, Zul Energy Middle East, Winbo Holding, and Nova Machinery, which specialize in various industrial services.
RAKEZ Group CEO Ramy Jallad said, “We are always happy to welcome Chinese businesses to explore the economic landscape of Ras Al Khaimah. These visits not only strengthen our strong historical ties but also open up new avenues for collaboration and investment. With 220 Chinese companies thriving within RAKEZ, we are committed to continuously enhancing our offerings to support more international enterprises in their growth journey.”
This visit highlights the UAE’s significant role in supporting China’s global trade objectives, reinforcing over four decades of robust bilateral ties. As China’s foremost trading partner in the Arab world, the UAE is crucial for re-exporting about 60% of Chinese goods to over 400 cities throughout the Middle East and North Africa. In a move to further solidify these relationships, the RAKEZ team is currently in China for strategic discussions and is preparing to welcome more Chinese business magnates, government officials, and media representatives, solidifying its position as a key international business hub.
