The Emirate of Ras Al Khaimah has successfully carved a unique place for itself in the UAE and the region, building on its arsenal of strengths, such as its strategic geographic location, ease of doing business, strong industrial sector and wealth of human capital, coupled with majestic mountains and natural beauty that make it a preferred destination for tourism. The Emirate is driven by a leadership team that possesses a deep understanding of regional and global developments and is guided by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah.
These strengths and more have and continue to propel Ras Al Khaimah on its journey towards greater development and prosperity.
The Emirate’s population is on the rise, with 0.4 million people now calling Ras Al Khaimah their home. As its economy has grown and consistently earned ‘A’ ratings from international agencies, Ras Al Khaimah has also become a place for industry and entrepreneurship to thrive, with about 38,000 companies from more than 100 countries representing over 50 industry sectors. These include internationally renowned yet home-grown businesses such as RAK Ceramics, Julphar Pharmaceuticals, RAKBANK, RAK Rock, Stevin Rock and RAK Ports.
Entrepreneurs and investors from around the world are finding it easier than ever to start a business in Ras Al Khaimah, taking advantage of its skilled workforce, excellent infrastructure and its strategic location, with one third of the world’s population within four hour’s flying time.
With fast-growing tourism and leisure sectors, Ras Al Khaimah offers its residents and visitors a truly unique experience, from mountains, deserts and ancient cultural sites … to beaches, mangroves and excellent entertainment. With a wealth of attractions and year-round sunshine, the Emirate is on target to attract 3 million tourists a year by 2030.
While there is much to celebrate today, we believe Ras Al Khaimah’s best days are ahead. Our goal is to help make the Emirate one of the best places to live, work, do business and raise a family, driven by a happy and strong community, a prosperous and diversified economy and a sustainable environment for future generations to enjoy.
Under the stewardship of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, the Emirate’s economy has grown exponentially, and evidence of this success lies all around. A growing and diverse GDP composition, where no single sector makes up more than 26%, demonstrates that the Ruler’s ambitious strategies have triggered a comprehensive and structural transformation of the local economy.
What has been accomplished in a short period of time is the fruit of tremendous efforts, meticulous planning and dedicated, masterful work performed across various entities and departments. This progress will open the door to further business and investment opportunities and Ras Al Khaimah will continue to deliver on His Highness’s Vision to develop the Emirate across all sectors for the benefit of the people of the Emirate, investors and tourist alike.