Page 158 - SOBHA REALTY PR REPORT - NOVEMBER 2024

11/27/24, 11:24 AM RAKEZ Unveils UAE Construction Opportunities At Big 5
“As the UAE’s construction industry continues to expand—commanding 44% of new

projects in the MENA region—now is the perfect time for global construction

enterprises to establish their presence here,” he said.

Ras Al Khaimah, U.A.E.

Ras Al Khaimah itself is a hub for over 1,000 projects valued at more than $75 billion,
including the $5 billion Wynn Resort project.

“Given its strategic location, which provides access to major logistical hubs, the

emirate is well-positioned to support the construction sector,” Jallad added.

RAKEZ is already home to renowned international firms like Peikko Group, Sobha
Modular, and Hira Industries, and serves as a vital growth platform for startups, SMEs,
and larger enterprises seeking to expand their footprint in the region.

Comprehensive Support for Construction Companies

RAKEZ provides businesses with seamless access to global markets and the UAE’s
rapidly growing economy. Its business-friendly ecosystem includes:

Licensing and operational facilities tailored to business needs.

Assistance with approvals, visa processing, and connections to financing options.
Industry-specific networking opportunities and access to a specialised workforce.

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