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11/27/24, 11:25 AM RAKEZ unveils opportunities in UAE's thriving construction sector at Big 5 Global

Futures and Commodity Market News
RAKEZ unveils opportunities in UAE's thriving construction

sector at Big 5 Global

Nov 26, 2024 (MENAFN via COMTEX) --
(MENAFN - Rakez)
Ras Al Khaimah, 26 November 2024: Ras Al Khaimah Economic Zone (RAKEZ) is set to highlight the dynamic growth
opportunities in the UAE's construction sector at this year's Big 5 Global exhibition, taking place at Dubai World Trade
Center.
RAKEZ Group CEO Ramy Jallad said, "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.
Ras Al Khaimah alone hosts over 1,000 projects valued at more than USD 75 billion, including the USD 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. 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."
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 licensing, 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.
The recent expansions of Peikko Group, Sobha Modular, and Hira Industries within RAKEZ highlight the potential for
construction firms to thrive. These companies have also boosted their regional operations by leveraging RAKEZ's robust
infrastructure and services.
Investors and companies attending the Big 5 Global Exhibition are encouraged to visit the RAKEZ stand to learn more
about the unique advantages and competitive edge RAKEZ offers. The event serves as an excellent platform for
stakeholders to discover how they can benefit from the booming construction sector in the UAE.
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