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11/27/24, 11:24 AM Rakez unveils UAE construction prospects at Big 5 Global – The Gulf Time Newspaper
Rakez unveils UAE construction prospects at Big 5 Global

RAS AL KHAIMAH/WAM

Ras Al Khaimah Economic Zone (RAKEZ) is participating in the Big 5 Global exhibition, taking place at the Dubai World Trade
Centre from November 26 to 29.
The event highlights the immense investment opportunities offered by the UAE’s construction sector, which is experiencing
rapid growth and accounts for 44% of new projects in the Middle East and North Africa region.
RAKEZ Group CEO Ramy Jallad said, “Ras Al Khaimah alone hosts over 1,000 projects valued at more than $75 billion,
including the $5 billion Wynn Resort project.”
He also highlighted the emirate’s strategic location, which provides access to major logistical hubs and supports the
construction sector.
“As home to international firms such as Peikko Group, Sobha Modular, and Hira Industries, RAKEZ is a key force for startups,
SMEs, and investors seeking substantial growth and expansion. At Big 5 Global, we are showcasing how RAKEZ serves as
the premier hub for construction companies looking to tap into the opportunities we offer,” Jallad added.
RAKEZ offers seamless access to global markets and the rapidly growing local economy. The economic zone creates a
comprehensive, business-friendly ecosystem that supports businesses in every step of their establishment and expansion.
This includes licencing, providing the right facility for business operations, assistance with necessary approvals, visa
processing, connections to financing options, and introductions to key suppliers and partners.
Such a nurturing environment enables businesses to efficiently manage logistics, access specialised workforce, and build
essential industry connections, thereby streamlining their entry and operations within the UAE.

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