Ras Al Khaimah occupies an area of 2,478 square kilometers (960 square miles). It offers 64 kilometers of pristine beaches and is home to Jebel Jais, the highest peak in the UAE at 1,934 meters.
Hot summers and mild winters characterize Ras Al Khaimah’s climate. The average temperature is 18 to 25°C (64 to 77°F) in January and 29 to 43°C (84 to 109°F) in July.
The 2015 census estimated the population at around 345,000, 31% of which were local Emirati. In 1975 the population was 43,845 (with 67% Emirati), a near eight-fold overall increase in that 40-year period.
Ras Al Khaimah’s GDP reached 35.1 billion AED in 2016 and grew at around 5 to 7% per annum from 2011 to 2016, with manufacturing the largest sector of the economy, contributing 30% towards GDP.
31% of the world’s population is within four hour’s flying time of Ras Al Khaimah, making it an ideal location for businesses to expand into the UAE, the Middle East, Africa and beyond.
Ras Al Khaimahis home to more than 15,000 businesses from 100 countries representing over 50 industries.
The Emirate has been continuously afforded an ‘A’ credit rating by international agencies (Fitch and Standard & Poor’s) over the last decade.
Standard & Poor’s estimates that the emirate’s economic expansion is likely to accelerate: GDP growth is expected to average 2.5% between 2018 and 2021.
The economy of Ras Al Khaimah has grown 200% over the past decade under the stewardship of His Highness Sheikh Saud bin Saqr Al Qasimi.
Saqr Port in Ras Al Khaimah is the major bulk-handling port in the Middle East, and a vital part of the industrial supply chain throughout the Arabian Peninsula and beyond. Import and export movements through Saqr Port have doubled in the last 5 years, while Ras Al Khaimah’s ports handle approaching 60 million tonnes of cargo annually. An ongoing expansion scheduled for completion in 2019 will add two further deep-water berths, making Saqr one of the largest bulk handling ports in the world.
RAK Ceramics consistently ranks among the top 5 ceramics manufacturers in the world, with an annual turnover in the region of $1 billion.
Founded in 1980, Julphar Pharmaceuticals' sales increased from $17 million to $400 million in 2015. With 2900 employees, it produces more than 1 million boxes of medicines a day and 40 million vials of insulin a year, making it one of the world’s largest producers of the drug.
Ras Al Khaimah surpassed its target of 1 million visitors in 2018 and plans to attract 2.9 million by 2025. Germany, Russia and the UK are, respectively, the largest tourist markets for the Emirate, with India and Kazakhstan rounding out the current top 5.
Jebel Jais, the UAE’s highest peak at 1,934 meters, is home to the world’s longest zip line at 2.83 kilometers. Further development is on the horizon, with a 37-room luxury mountain camp, a survival training academy and 65 kilometers of hiking and mountain biking trails planned.
Al Marjan Island, Ras Al Khaimah’s unique freeholder tourism hub, boasts 23 kilometers of waterfront and more than 2.7 million square kilometers of reclaimed land. Extending 4.5 kilometers into the Gulf, freehold residential and commercial plots are available on an island already populated by 3 hotel resorts with 1,500 rooms and more than 2,000 residential units.
Further prestigious developments at Al Hamra Village (a gated community built around an 18-hole golf course) and Mina Al Arab (a luxury villa and apartment neighborhood set against the emerald waters of the Arabian Gulf) have helped to meet the housing needs of the growing expatriate population.