Ras Al Khaimah Economic Zone (RAKEZ) recently won the Best Special Economic Zone award at the Annual India GCC Achievers Awards 2024, hosted by the Indian Economic Trade Organization (IETO) in New Delhi, India. This achievement underscores RAKEZ’s outstanding commitment to supporting Indian companies. Moreover, it highlights the zone’s pivotal role in enhancing economic ties between India and the Gulf Cooperation Council (GCC) countries.
Celebrating excellence
The Annual India GCC Achievers Awards recognize industry leaders, entrepreneurs, philanthropists, and organizations across various sectors within the GCC region that have made significant contributions to regional progress and prosperity. These awards serve to foster stronger bonds between India and the GCC nations. They also highlight achievements that drive economic cooperation and collaboration.
Asif Iqbal, president of IETO, lauded RAKEZ for its exceptional business services and unwavering support for Indian entrepreneurs seeking to establish or expand their presence in the UAE. He emphasized RAKEZ’s pivotal role in facilitating Indo-UAE trade relations, particularly in light of the Comprehensive Economic Partnership Agreement (CEPA). Hence, the agreement aims to further enhance bilateral trade and investment between India and the UAE.
RAKEZ’s commitment to excellence
Ramy Jallad, Group CEO of RAKEZ, expressed pride in the recognition, highlighting RAKEZ’s dedication to business excellence.
Moreover, he highlighted the zone’s significant contribution to promoting international trade and attracting Foreign Direct Investment (FDI) into Ras Al Khaimah. “India remains a prominent source of FDI for Ras Al Khaimah and RAKEZ actively facilitates Indian enterprises to tap into the vast opportunities within the region,” he stated.
He also emphasized RAKEZ’s role as a preferred destination for Indian investors, with over 5,300 Indian companies choosing RAKEZ as their hub for growth and expansion.
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Growth and innovation
RAKEZ stands out as a prime destination for business and investment. It offers a comprehensive range of services and facilities that meet the diverse needs of businesses across various sectors. Moreover, its commitment to fostering a conducive environment for growth, innovation, and prosperity has been instrumental in attracting a significant number of Indian businesses to the region.
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