{"id":12894,"date":"2025-05-15T11:54:11","date_gmt":"2025-05-15T11:54:11","guid":{"rendered":"https:\/\/www.rakmediaoffice.ae\/?p=12894"},"modified":"2025-05-19T11:55:29","modified_gmt":"2025-05-19T11:55:29","slug":"ras-al-khaimahs-strong-economic-and-investment-environment-validated-by-fitch-affirmation-of-a-credit-rating-with-stable-outlook","status":"publish","type":"post","link":"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/ras-al-khaimahs-strong-economic-and-investment-environment-validated-by-fitch-affirmation-of-a-credit-rating-with-stable-outlook\/","title":{"rendered":"Ras Al Khaimah\u2019s strong economic and investment environment validated by Fitch affirmation of \u2018A+\u2019 credit rating, with Stable Outlook"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><\/p>\n<ul>\n<li><strong><em>The positive rating reflects the Emirate\u2019s strong long-term growth prospects and ongoing economic diversification<\/em><\/strong><\/li>\n<\/ul>\n<p>Ras Al Khaimah\u2019s strategic approach to sustainable, cross-sector growth and strong economic and investment environment has been validated by international credit rating agency Fitch Ratings, which reaffirmed the Emirate\u2019s rating at \u2018A+\u2019 with a stable outlook.<\/p>\n<p>The Government of Ras Al Khaimah welcomed the announcement as a strong endorsement of the Emirate\u2019s resilient and expanding economy, sound fiscal management and the clear vision and unwavering commitment of its leadership to sustainable, long-term development and growth.<\/p>\n<p>The Emirate\u2019s landmark tourism projects, including a major integrated resort, luxury hotels and world-class leisure facilities, combined with a surge in real estate revenue, are creating opportunities for global investors, driving further investment and strengthening the Emirate\u2019s economic resilience, according to Fitch, one of the world\u2019s \u2018Big Three\u2019 credit ratings agencies.<\/p>\n<p>A Ras Al Khaimah Government spokesperson said: \u201cRas Al Khaimah\u2019s consistent A+ credit rating is owing to its disciplined economic strategy, ambitious investment agenda and long-term commitment to building a sustainable and diversified economy. The Emirate has experienced significant growth over several years to become an attractive global investment and tourism hub, as well as a leading destination to live, work and explore.<\/p>\n<p>\u201cWe are proud to maintain one of the lowest public-sector debt levels among rated peers while continuing to deliver transformative projects that generate long-term value for our community and investors. Our priority remains on delivering a stable, business-friendly environment that champions innovation, growth and resilience.\u201d<\/p>\n<p>In March, Ras Al Khaimah successfully issued a 10-year USD 1 billion sukuk, while keeping total public-sector debt at just 11% of GDP \u2013 one of the lowest levels among Fitch-rated sovereigns. This is expected to fall further to 9% by 2026.<\/p>\n<p>Fitch estimated that Ras Al Khaimah achieved real GDP growth of 6.7% in 2024, a significant increase from 3.6% the previous year. RAK Government anticipates this strong momentum to continue, with robust average growth projected at 6.1% into 2026. This growth is driven by key strategic initiatives, notably the development of the world-class, $5.2 billion Wynn Al Marjan Island integrated resort. Set to open in 2027, the resort is poised to attract further global investment and drive economic expansion.<\/p>\n<p>Fitch also highlighted Ras Al Khaimah\u2019s high GDP per capita, strong governance, political stability and effective rule of law \u2013 key factors that contribute to the Emirate\u2019s attractive investment environment. The rating affirmation stands as a strong endorsement of the Emirate\u2019s solid public finances, robust growth trajectory and its status as a dynamic and secure global hub for business and investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The positive rating reflects the Emirate\u2019s strong long-term growth prospects and ongoing economic diversification Ras Al Khaimah\u2019s strategic approach to sustainable, cross-sector growth and strong economic and investment environment has been validated by international credit rating agency Fitch Ratings, which reaffirmed the Emirate\u2019s rating at \u2018A+\u2019 with a stable outlook. The Government of Ras Al [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,3],"tags":[],"press_release_topic":[60],"latest_news_topic":[],"class_list":["post-12894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-center","category-press-releases","press_release_topic-business-and-economy"],"acf":{"related_to_hh":"no","header_desc":"","header_image":false,"hidden_photo_gallery":false,"pdf_file":false,"hi-res_image":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ras Al Khaimah\u2019s strong economic and investment environment validated by Fitch affirmation of \u2018A+\u2019 credit rating, with Stable Outlook - Home Page<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/ras-al-khaimahs-strong-economic-and-investment-environment-validated-by-fitch-affirmation-of-a-credit-rating-with-stable-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ras Al Khaimah\u2019s strong economic and investment environment validated by Fitch affirmation of \u2018A+\u2019 credit rating, with Stable Outlook - Home Page\" \/>\n<meta property=\"og:description\" content=\"The positive rating reflects the Emirate\u2019s strong long-term growth prospects and ongoing economic diversification Ras Al Khaimah\u2019s strategic approach to sustainable, cross-sector growth and strong economic and investment environment has been validated by international credit rating agency Fitch Ratings, which reaffirmed the Emirate\u2019s rating at \u2018A+\u2019 with a stable outlook. 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