Page 15 - UNION PROPERTIES GENERAL REPORT - SEPTEMBER 2025

9/18/25, 10:57 AM Second edition of Ras Al Khaimah Investment & Business Summit to kick off in November
leaders, international investors, industry experts and private-sector stakeholders, the Summit was enriched by constructive
dialogue and impactful partnerships that are shaping the future of business and investment in Ras Al Khaimah.

H.E. Mohamed Ali Musabbeh Al Nuaimi, Chairman of Ras Al Khaimah Chamber of Commerce & Industry, said: “Expo Center Ras
Al Khaimah and Valiant MENA for Exhibitions & Conferences are committed to ensuring that the Summit is not just an occasion to
showcase Ras Al Khaimah’s capabilities, but also a platform for dialogue, partnership and innovation, and a driver for attracting
new projects that will shape the future of trade and investment in the Emirate and the wider region”.

“Ras Al Khaimah today is home to more than 50,000 companies, multiple thriving free zones and handles a total cargo exceeding
100 million tonnes annually at Saqr Port and its Free Zone, combining a pro-business regulatory framework with world-class
infrastructure. The Emirate’s ambitious future plans, including major tourism projects, advanced industrial facilities and strategic
energy initiatives, support Ras Al Khaimah’s long-term vision for growth.”

For his part, Tarek Barada, Managing Director of Valiant MENA for Exhibitions & Conferences, emphasized that the success of the
inaugural Summit provided strong momentum to continue the partnership with Ras Al Khaimah Exhibition Center for organizing this
year’s edition. He highlighted that several leading global companies and government entities have already confirmed their
participation, including BNW Developments, Marjan, Etihad Water & Electricity (EtihadWE), IFM, RAKNOR, Union Properties and
Azzurro, as sponsors and partners of the event. Barada added that the Summit will feature a major exhibition alongside expanded
conference sessions, strategic investment discussions and specialized sector forums.

About Ras Al Khaimah

Ras Al Khaimah (RAK), the fourth largest Emirate in the UAE, is defined by its natural diversity, rich history and a forward-thinking
vision, led by His Highness Sheikh Saud bin Saqr Al Qasimi. His focus on sustainable development, economic prosperity,
environmental conservation, social development and innovation has shaped RAK into an ideal environment to live, work and
invest. With a strategic location connecting East and West – placing one third of the world’s population within four hours’ flying time
– RAK is a gateway to key markets, such as the UAE, Middle East, Africa, India and beyond.

RAK’s economy is among the most diversified in the region, with no single sector contributing more than 27% to its GDP. The
Emirate offers a business-friendly environment, with simplified, customizable services, low operating costs, 100% foreign
ownership, zero personal income tax and one of the world’s lowest corporate tax rates. Its efficient judicial system, recognized by
the World Bank, ensures fairness and transparency. RAK also boasts world-class infrastructure, including multiple seaports
strategically close to the Strait of Hormuz and major international shipping lanes, an international airport and extensive logistics
capabilities.

RAK is home to over 50,000 companies from 100+ countries, including industry leaders and global exporters, such as RAK
Ceramics and Julphar. Over 30,000 of these businesses operate within Ras Al Khaimah Economic Zone (RAKEZ), one of the
region’s largest free zones, while RAK Digital Assets Oasis (RAK DAO) reinforces the Emirate’s ambition to become a global hub
for Web3 and digital assets.

RAK’s economic strength is reflected by 15+ years of consistent ‘A’-range Fitch and S&P credit ratings, with both agencies
upgrading RAK in 2024, to “A/A-1” by S&P and “A+” by Fitch.

RAK has a multicultural society of 0.4 million people from 150 countries and offers a high quality of life, including accessible luxury
living and a serene coastal lifestyle.

Significant investment in RAK’s real estate, hospitality and tourism sectors in recent years is seeing signature luxury global brands,
such as Wynn, Four Seasons, Nobu, Fairmont and La Mer By Elie Saab joining existing landmarks from Waldorf Astoria, Ritz-
Carlton and Mövenpick. Projects such as RAK Central will redefine the commercial and residential landscape, with innovative
Grade A office spaces and modern, sustainable residential areas creating a desirable location for upscale living.

https://www.zawya.com/en/press-release/events-and-conferences/second-edition-of-ras-al-khaimah-investment-and-business-summit-to-kick-off-in-no… 2/3