Established in 2000, Ras Al Khaimah Free Trade Zone (RAK FTZ) is the investment destination of choice for more than 8,600 companies from over 100 countries, representing more than 50 industry sectors. RAK FTZ offers a multitude of benefits from a tax-free investment environment to 100 per cent foreign ownership, along with fast and efficient business set-up and support services, and much more.



RAK Investment Authority (RAKIA) is a leading business destination committed to providing a pro-business environment, regulatory stability and robust infrastructure in the emirate of RAK in the UAE. Comprised of two dedicated industrial parks, a combined area of 30-million square metres, RAKIA provides hassle-free business set-up, state-of-the-art facilities and economical solutions to help clients compete regionally and globally. RAKIA is already home to over 500 manufacturers and thousands of SMEs.




Hutchison Ports is the port and related services division of CK Hutchison Holdings Limited. With a turnover of US$4.4 billion, it is the world’s leading port investor, developer and operator, with a network of 48 ports spanning 25 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia.




The National Bank of Ras Al Khaimah is one of the UAE’s oldest and most dynamic financial institutions. Founded in 1976, we have undergone a series of important transformations. Since rebranding as RAKBANK in 2001, we have shifted our focus from purely Corporate banking to serving Retail customers and Small businesses. In late 2013, we increased our presence in the traditional SME and Commercial banking segment, and more recently we selectively re-entered the Corporate Banking space to diversify our product offering and better serve the needs of our customers.



“Utico is a major Utility service provider in the Middle East & the largest private utility in the United Arab Emirates. It is part of RMB Group of Companies with its brother group Ghantoot Group.

Utico is a utility infrastructure developer. Its business operation includes generation, transmission, distribution, billing, collection and customer service. It also designs, engineer, procures, install, test and commission water desalination and power generation plants.

It was incorporated in 2005 in Ras Al Khaimah, United Arab Emirates. In the short span of ten years, it has grown to generating and meeting the needs of water and power to an area of 300 sq km with a population of over 150,000.

The company is investing over US$ 700 million to set up a 22MIGD Desalination Project, a 40MW Solar power project, a 300 MW Clean coal based power plant with carbon capture – The First in Middle East as well new T&D, desalination plants, storage and pumping stations.

Utico has joint ventures with Cobra Group of Spain and also investment partnership with other Soverign wealth funds of the region.




Archirodon is a leading construction group with diversified activities in engineering, procuement and construction. For 57 years the group has enjoyed an outstanding record in completing major marine, energy, and infrastructure projects worldwide. As a matter of fact, Archirodon’s name in the GCC has been associated with many developments that have become recognised as landmarks in the region.


HSBC in the MENA Region

HSBC is the largest and most widely represented international banking organisation in the Middle East and North Africa (MENA), with a presence in 9 countries across the region. HSBC has operations in the United Arab Emirates, Egypt, Qatar, Oman, Bahrain, Kuwait, Lebanon and Algeria. In Saudi Arabia, HSBC is a 40% shareholder of Saudi British Bank (SABB), and a 49% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom.

This presence, the widest reach of any bank in the region, comprises some 250 offices and around 11,000 employees. In first half of 2016, HSBC in the MENA region made a profit before tax of US$985m.



Ras Al Khaimah Department of Economic Development

​​The Ras Al Khaimah Department of Economic Development was established by virtue of Emiri Decree No. (11) of 1981. On 1st January 2007, at the approval of H.H. Sheikh Saud Bin Saqr Al Qasimi, the Crown Prince and Deputy Ruler then, the department’s name was changed from ‘Economic Department’ to ‘Department of Economic Development’ and accordingly, the functions and objectives of the Department of Economic Development were reformulated to be more detailed and comprehensive.