Building a thriving economy

A substantial and diversified economy is taking shape, ensuring steady growth and new opportunities for businesses and individuals. With a focus on high-value-added sectors and global investment, Ras Al Khaimah is building a future-ready economic landscape.

A substantial and diversified economy is taking shape, ensuring steady growth and new opportunities for businesses and individuals. With a focus on high-value-added sectors and global investment, Ras Al Khaimah is building a future-ready economic landscape.

Sectoral Development

Growth anchored in strategic sectors

To drive long-term economic growth, Ras Al Khaimah is investing and developing infrastructure to support major sectors.

To drive long-term economic growth, Ras Al Khaimah is investing and developing infrastructure to support major sectors.

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Manufacturing and industry

10+ km² of new industrial zones will host 250+ companies in pharma, construction materials, advanced manufacturing, consumer goods and more.
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Tourism expansion

Projects such as the $5.1bn Wynn Al Marjan Island resort under Vision 2030 contribute to the target of 3.5m annual visitors and 15,000 new hotel rooms.
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Trade and logistics

Government investments in free zones, ports and logistics are boosting infrastructure and strengthening the Emirate’s competitiveness.

Policy & International Integration

Developing economic policies

UAE Federal Government and Ras Al Khaimah Government have been putting in place policies and initiatives to support further growth of the economy and attract more investments.

UAE Federal Government and Ras Al Khaimah Government have been putting in place policies and initiatives to support further growth of the economy and attract more investments.

100% foreign ownership

100% foreign ownership

Investors of all nationalities can now establish and own companies in the UAE. This change followed the enactment of the Commercial Companies Law in 2020, according to which a foreign company wishing to open a branch and practice its activities in the UAE is no longer required to have a UAE national agent.

The golden visa

The golden visa

A long-term residence visa that enables talents and investors to live, work, or study in the UAE while enjoying exclusive benefits.

Comprehensive economic partnerships  (CEPAs)

Comprehensive economic partnerships (CEPAs)

Signed with over 15 countries to expand market access and enhance exports (India, Indonesia, Turkey, etc.).

UAE joining BRICS

UAE joining BRICS

The UAE's joining of BRICS as a full member in 2024 marks a significant milestone in its international engagement strategy. This membership aligns with the UAE’s vision to enhance its role as a global trade hub and to contribute meaningfully to multilateral economic cooperation.

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100% foreign ownership

All nationalities can now fully own UAE companies. Since the 2020 Companies Law, foreign branches no longer need a UAE national agent.
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100% foreign ownership

Investors of all nationalities can now establish and own companies in the UAE. This change followed the enactment of the Commercial Companies Law in 2020, according to which a foreign company wishing to open a branch and practice its activities in the UAE is no longer required to have a UAE national agent.
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The golden visa

Long-term residence visa lets talent and investors live, work, or study in the UAE, with exclusive benefits and streamlined eligibility.
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The golden visa

A long-term residence visa that enables foreign talents and investors to live, work, or study in the UAE while enjoying exclusive benefits.
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Comprehensive economic partnership agreements (CEP

Signed with over 15 countries to expand market access and enhance exports (India, Indonesia, Turkey, etc.).
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Comprehensive economic partnership agreements (CEPAs)

Signed with over 15 countries to expand market access and enhance exports (India, Indonesia, Turkey, etc.).
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UAE joining BRICS

The UAE became a full BRICS member in 2024, advancing its strategy to be a global trade hub and deepen multilateral economic cooperation.
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UAE joining BRICS

The UAE's joining of BRICS as a full member in 2024 marks a significant milestone in its international engagement strategy. This membership aligns with the UAE’s vision to enhance its role as a global trade hub and to contribute meaningfully to multilateral economic cooperation.

Investment-Friendly Ecosystem

Attracting global investment

Business-friendly free zones

RAKEZ supports over 35,000 companies from more than 100 countries with competitive incentives.

Digital economy development

Innovation City is the world’s leading free zone dedicated to blockchain, fintech and digital assets.

Effortless business setup

Investors can establish businesses entirely online, ensuring speed and efficiency.

Financial Stewardship

Ensuring financial stability

Ras Al Khaimah is committed to fiscal responsibility, ensuring economic growth without excessive debt.

Ras Al Khaimah is committed to fiscal responsibility, ensuring economic growth without excessive debt.

A+ credit rating

Sustainable public spending

Outlook for the future

Ras Al Khaimah is building an economy positioned for long-term success by expanding industries, welcoming investment and maintaining financial stability.

Outlook for the future