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RAKEZ Looks to Harness Ras Al Khaimah’s $75 Bn Construction Boom

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aria-current="page">RAKEZ Looks to Harness Ras Al Khaimah’s $75 Bn Construction Boom</span></span></div></nav> <div class="main ts-contain cf right-sidebar"> <div class="ts-row"> <div class="col-8 main-content s-post-contain"> <div class="the-post-header s-head-modern s-head-modern-a"> <div class="post-meta post-meta-a post-meta-left post-meta-single has-below"><div class="post-meta-items meta-above"><span class="meta-item cat-labels"> <a href="https://thefinanceworld.com/category/business/" class="category term-color-36" rel="category">Business</a> </span> </div><h1 class="is-title post-title">RAKEZ Looks to Harness Ras Al Khaimah’s $75 Bn Construction Boom</h1><div class="post-meta-items meta-below"><span class="meta-item date"><time class="post-date" datetime="2024-11-27T06:31:08+00:00">November 27, 2024</time></span></div></div> <div class="post-share post-share-b spc-social-colors post-share-b1"> <a 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href="mailto:?subject=RAKEZ%20Looks%20to%20Harness%20Ras%20Al%20Khaimah%E2%80%99s%20%2475%20Bn%20Construction%20Boom&body=https%3A%2F%2Fthefinanceworld.com%2Frakez-harnesses-ras-al-khaimah-construction-boom%2F" class="cf service s-email" target="_blank" title="Email" rel="nofollow noopener"> <i class="tsi tsi-envelope-o"></i> <span class="label">Email</span> </a> </div> </div> </div> <div class="post-content cf entry-content content-spacious"> <p>The <a href="https://rakez.com/en/promotions/biz-starter-package?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=RAKEZ_IN_UAE_Brand_BizStarterPackage_Google_Search_Leads_EN&amp;https%3A%2F%2Frakez.com%2Fen%2Fpromotions%2Fbiz-starter-package=&amp;gad_source=1&amp;gclid=Cj0KCQiAgJa6BhCOARIsAMiL7V_TqVN-LHc8xu4l-9VV_jsREcZIvfjJXvl9NKjeLGXekidvdEUCUy4aAvLjEALw_wcB">Ras Al Khaimah Economic Zone </a>(RAKEZ) is seizing the spotlight at the <strong>Big 5 Global Exhibition</strong>, held at Dubai World Trade Centre from November 26 to 29, to highlight vast opportunities within the UAE&#8217;s thriving construction sector. Ras Al Khaimah alone boasts an impressive pipeline of over 1,000 active projects, collectively valued at $75 billion, including the landmark $5 billion Wynn Resort development.</p> <p>RAKEZ Group CEO Ramy Jallad emphasized the emirate’s unique positioning, stating: “Ras Al Khaimah alone hosts over 1,000 projects valued at more than $75 billion, including the $5 billion Wynn Resort project. Our strategic location and business-friendly ecosystem enable startups, SMEs, and investors to capitalize on the dynamic opportunities within our construction sector.”</p> <p>The UAE’s construction sector continues to lead in the Middle East and North Africa region, accounting for 44% of all new projects. This surge, supported by initiatives like RAKEZ, positions the country as an international hub for infrastructure investment.</p> <h4 class="wp-block-heading"><strong>RAKEZ’s Role in Empowering Businesses</strong></h4> <p>RAKEZ offers a seamless path for businesses aiming to establish or expand operations in the region. The zone provides comprehensive support, including:</p> <ul class="wp-block-list"> <li><strong>Licensing and Setup:</strong> Streamlined processes for acquiring permits and licenses.</li> <li><strong>Facility Allocation:</strong> Tailored solutions for operational needs.</li> <li><strong>Approval Assistance:</strong> Guidance for securing necessary authorizations.</li> <li><strong>Visa and Workforce Solutions:</strong> Efficient visa processing and access to specialized talent.</li> <li><strong>Financial and Partnership Connections:</strong> Links to financing options and key suppliers.</li> </ul> <p>Companies such as Peikko Group, Sobha Modular, and Hira Industries already leverage RAKEZ’s infrastructure and resources to thrive in the competitive market.</p> <p>“At Big 5 Global, we are showcasing how RAKEZ serves as the premier hub for construction companies looking to tap into the opportunities we offer,” added Jallad.</p> <p>This strategic initiative underscores RAKEZ’s commitment 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