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For enquiries, please contact: Rak Investment Authority P .O.Box 31291, Ras AI Khaimah United Arab Emirates Phone: + 971 7 244 6533 Fax: + 971 7 244 7202 E-mail: info@rakinvestmentauthority.com www.rakinvestmentauthority.com
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Al GHAIL
RAS AL KHAIMAH
Al GHAIL
WHY RAS AL KHAIMAH ?
RAKS Key Benefits
Fiscal Benefits
Arabian Gulf
- 100% income and corporate tax exemptions. - No Foreign exchange controls - 100% capital and profit repatriation. - Strong appreciating and fully convertible currency - No financial risk
Regulatory Benefits
- 100% ownership in Free Zones - No trade barriers or quotas - Easy Licensing Procedures - Simple Import, Export Policies - Liberal labour laws. - No restrictions on hiring expatriates.
RAK TOPOGRAPHY
RAK economy is based on leveraging on natural topography
* 65 km of coastal sandy beaches on the western side-Hot bed for tourism and real estate projects. * Majestic mountains on the eastern side for hill resorts * Un-spoilt desert plain in the central region for commercial and industrial projects * Green belt in the southern side for agriculture developments
- Total region population of 1.8 billion - Gulf and middle east markets - African markets - Subcontinent markets-India and Pakistan - European markets - In effect access to 50% of global markets
- Stable economy with relatively low volatility - Continuous political stability since its inception - Peace Loving and Friendly Nation - No Terrorism - Zero Crime Rate
KEY STATISTICS
Area: 5600 km Coast Line: 65 km Population: 250,000 Languages: Arabic and English Currency: Dirham (AED 3.671 is 1USD) Crime rate: Close to zero
Locational Advantage
- Proximity to Dubai (80 km) and Sharjah (55 km) - Modern International airport connecting important destinations - Sea ports capable of handling bulk and container cargo. - State of the art telecommunications Excellent Logistics
ABOUT RAKIA
RAKIA IS A Government Body formed by Emiri Degree No (2)/2005 with a mandate to promote Industry, Trade, Tourism, Commerce, Real Estate, Health, and Education.
RAK GDP
8 7 6
US $ MILLION
5 4 3 2 1 0 1997 1998 1990 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 YEAR
- Open-door policy. - Singe window clearance for permits and concepts. - Cost and Time savings. - Good roads, drainage and sewage facilities. - Ready availability of power, water and gas at competitive prices. - Good telecommunication facility and immediate phone and broadband connection. - Typically, the commercial license is given in an hours time and the industrial license takes around 48 hours. - Investor breaks ground within 3 months of signing lease contract as against 12-18 months elsewhere. - Excellent local and international banks for funding project finance. - Proximity to entire gulf and global markets. - No taxes. - Affordable cost of living. - Excellent hotels, sports and leisure activities. - Safe and secured. - Best place to live and do business.
Al GHAIL
Al GHAIL INDUSTRIAL PARK
Al Ghail / State of Art Mega Industrial City
A new Industrial zone of 23 sq km has been assigned to RAKIA with separate manufacturing clusters for: - Cement, steel & core sector - Food - Pharmaceuticals - Logistics - Electronics - Textiles - Chemicals - Warehousing
Al GHAIL
Al Ghail East FREE ZONE