Ras Al Khaimah Economic Zone (RAKEZ Group) has witnessed robust growth of 132 per cent between April and the end of June, welcoming more than 1,500 new companies in the second quarter of 2023 – 170 of which are e-commerce.
This robust growth at RAKEZ represents a remarkable 132 per cent increase compared to the same period in 2022.
It further cements RAKEZ’s role as an accelerator for business growth in the UAE, fostering an investment-friendly climate.
“Our strong performance in Q2 2023, with over 1,500 new companies joining us, is a result of our progressive approach, industry-leading business solutions, and unwavering commitment to nurturing businesses of diverse scales,” said RAKEZ Group CEO, Ramy Jallad.
“The growth across various sectors, from general trading and e-commerce to media, services and manufacturing, reaffirms our vision of creating an inclusive and sustainable economic landscape for global entrepreneurs.”
RAKEZ continues to pull in new investors from around the world to Ras Al Khaimah in the UAE.
The majority of these investors are from countries such as India, Pakistan, the UK, Egypt and Russia, highlighting the global appeal of the emirate’s conducive business environment.
