Trade officials from Ras Al Khaimah Free Trade Zone (RAK FTZ), Dubai would be visiting Ludhiana in Punjab from Thursday to identify potential investors.
The RAK FTZ trade officials are particularly looking for investors from the SME sector to explain how, with an initial investment of only Rs 2 to 3 lakh they can set up an office in the UAE. The official trade team from RAK FTZ?s Mumbai Liaison Office will hold interactive sessions and consultative meetings with potential investors on January 20 and 21. As one of the Middle East?s multi-awarded and fastest growing free trade zones, RAK FTZ provides quality service for a wide variety of businesses, especially SMEs and recognises that with the burgeoning business and entrepreneurial spirit within India, the Indian market holds a huge potential.
Oussama El Omari, Chief Executive Officer, RAK FTZ commented that ?Ludhiana, as a region, presents huge potential, with a large number of SMEs operating in different sectors, which RAK FTZ would like to explore to expand overseas. As the company celebrates its 11th anniversary this year, it is looking to strengthen its positioning as a business hub geared at helping SMEs connect to emerging market economies?
The CEO observed that RAK FTZ has created a unique four-park system comprised of Business Park, Industrial Park, Technology Park and Academy Zone, each of which offers identical advantages and benefits to investors. Backed by legislations allowing 100 per cent foreign ownership, a tax-free environment, transparent laws and 100 per cent capital and profit repatriation, the free trade zone is well positioned for global commerce. He claimed that Ras Al Khaimah Free Trade Zone is one of the fastest growing free trade zones, with companies from 106 countries around the globe.
?RAK FTZ target is to increase registrations by 15% by the end of the year. We are also focusing on providing more value added services for the clients with the launch of our Mazeed services?.
He said that the RAK FTZ trade team will hold an orientation on the first day, introducing RAK FTZ and detailing the products and services the free zone has to offer with special focus on its cutting-edge technology; value-added services, such as the RAK FTZ Liaison Office in Mumbai, to make it easier for international office to receive information and assistance; friendly staff; and a no-hassle, no-red tape, transparent business policy. All sessions would be interactive with participants welcome to inquire and register during the sessions.
?Our mission is to attract and maximise the growth of value-added, know-how-based, technologically-advanced and innovative businesses in Ras Al Khaimah and to help UAE companies expand via a global office network,? El Omari added. El Omari is positive that the RAK FTZ?s Ludhiana road show and the great opportunities it offers will be welcomed by the local business community.
He claimed that ?RAK FTZ has developed an array of first-class business centres across the UAE, which offer a wide range of business solutions to meet the evolving and ever-growing business demands. Its offices and facilities offer turn-key solutions and provide an instant and comprehensive business environment with flexible terms and minimal investment, enabling companies to establish a powerful business presence throughout the world by shortening their incubation period?. He said that RAK FTZ is a world-class business vehicle for industrial growth and development. The free trade zone, with its cutting-edge technology and keen customer focus, offers on-demand and custom-built support services to investors in a cost-effective and flexible environment.