The number of e-commerce companies grew by 26 per cent in 2022 in Ras Al Khaimah, as compared to the previous year. Overall, the Ras Al Khaimah Economic Zone added more than 4,200 new companies to its business community in 2022, recording 18 per cent growth compared to 2021.
According to a statement, RAKEZ rolled out customised set-up packages, launched new products and services, and inked strategic partnerships last year to support various segments in its ecosystem, particularly the SMEs involved in trade and e-commerce.
The economic zone recorded 206 per cent growth in new general trading companies, with 413 licences issued. E-commerce businesses were second with a 26 per cent hike, followed by services at 15 per cent and commercial at nine per cent. Most investors came from the UAE, India, Russia, the UK, Egypt, and Pakistan, the statement added.
Commenting on this economic growth, RAKEZ Group CEO Ramy Jallad said, “The latest numbers indicate how far we have come with our commitment to position the emirate of Ras Al Khaimah as a preferred hub for SMEs and industrial players. The fact that thousands of new companies have chosen us is a testament to our progressive strategies, innovative solutions, and continuous efforts in supporting businesses of various types and sizes.”
“We are marching into 2023 with the same spirit of facilitating the economic goals of Ras Al Khaimah and the UAE, while also catering to the unique needs of new investors and taking care of the existing companies in our ecosystem.
Meanwhile, companies operating from RAKEZ also witnessed growth in 2022, with 160 companies expanding their operations in various sectors.
Mr. Jallad added that RAKEZ will continue to maintain its investment-friendly ecosystem and support the growth of businesses in its community that wish to tap into the lucrative markets worldwide from Ras Al Khaimah.
Introduced in 2017 in Ras Al Khaimah, RAKEZ hosts more than 15,000 companies across 50 industries. It is spread across six zones, with three dedicated industrial zones, two each for other businesses, and one for education.
