Ras Al Khaimah Economic Zone (RAKEZ) announced a significant milestone in 2024, with 13,141 new companies joining its thriving ecosystem.
This represents an impressive 66 percent growth in new registrations compared to 2023.
The steep rise in new company registrations makes RAKEZ home to nearly 30,000 multinational companies now, reinforcing its status as a leading global hub for business excellence.
The growth in 2024 has been driven primarily by commercial activities, including general trading, e-commerce, and related businesses, which together accounted for 53 percent of the new company registrations.
This reinforces RAKEZ’s reputation as a thriving hub for traders and businesses seeking strategic access to regional and global markets.
Consultancy followed as a key contributor at 24 percent, with other notable sectors including media and marketing services, wholesale trading, and manufacturing, among many others.
“Over the past five years, RAKEZ has welcomed double the number of companies to its flourishing business community, reflecting the growing appeal of Ras Al Khaimah as a hub for innovation and global trade,” said Ramy Jallad, Group CEO of RAKEZ.
“This growth highlights our commitment to offering tailored support, streamlined services, and an enabling environment where businesses can expand and reach their full potential. As our community continues to grow, we remain focused on fostering long-term success and unlocking new opportunities for businesses of all sizes and sectors,” Jallad said.
India led the way as the top source of new businesses in RAKEZ, highlighting the zone promoter’s ongoing efforts to strengthen ties with the South Asian country through strategic initiatives, such as fostering trade relations and leveraging the UAE-India Comprehensive Economic Partnership Agreement (CEPA).
A large number of investors also came from Pakistan, the UK, Egypt, and the Philippines, among many others.
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