RAK FTZ Receives Recognition

Ras Al Khaimah Free Trade Zone has been voted as "Best Global Free Zone," at Washington DC, USA.

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Izzat Barakat, RAK FTZ’s Chief Commercial Officer accepted the award from HH Sheikh Juma bin Maktoum Al Maktoum – Patron & Chairman of CEO Club Network and the BURJ CEO Awards on behalf of the free zone on 27 July 2016 during an Awards Ceremony Gala Dinner at The Mayflower Hotel – attended exclusively by the UAE officials, US government officials, and CEOs as well as local and international high executive business community.

“The year 2016 is really turning out to be another remarkable year for RAK FTZ,” Mr Barakat said. “Holding this trophy makes me feel proud of what we have accomplished for our clients in the free zone. We are grateful to be recognised for our quality performance. The feeling is always priceless when our dedication to delivering excellent services to the growing international business community in Ras Al Khaimah pays off.”

A high-calibre judging panel composed of respected executives, entrepreneurs, innovators and business educators carefully selected the winners of the BURJ CEO Awards based on their achievements and outstanding contributions to the business network.

“This recognition goes straight to our long list of accomplishments but our journey to becoming a premium investment agency that effectively supports businesses of all sizes continues. Being named once again as the best in the field motivates us to come up with more optimal business solutions, infrastructure, technology and support to meet the needs of our over 8,600 stakeholders,” Mr Barakat said.

About Ras Al Khaimah Free Trade Zone:

Ras Al Khaimah Free Trade Zone (RAK FTZ) provides award-winning services and world-class facilities, enabling clients to quickly and efficiently set up and grow profitable companies in the United Arab Emirates. Home to more than 8,600 active companies from over 100 countries and over 50 industry sectors, RAK FTZ offers a completely tax-free status to its clients, allows for 100 per cent foreign ownership and unrestricted repatriation of profits, in addition to a host of other business-friendly incentives.

Less than an hour’s drive from Dubai, RAK FTZ offers significant geographical advantages for clients to easily access markets in the Middle East, Africa and South Asia. It caters to the unique requirements of small, medium and large businesses with four free zone parks including business centre facilities, offices, warehouses and land for development, as well as facilities for educational institutions. Since its inception 15 years ago, RAK FTZ has diversified from its traditional focus on industrial manufacturing to also support trading, sales and marketing activities, a wide range of service sectors, as well as logistics and distribution platforms. To learn more about RAK FTZ, please visit http://www.rakftz.com.