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SUMMARY RAKFIF 2016

 

Foremost forum on Finance & Investment in RAK concludes on a high note

With over 350 participants in attendance, the first edition of the Ras al Khaimah Finance & Investment Forum concluded successfully, providing 2 days of of unrivaled networking, invaluable insights and useful information on business and investment opportunities in the Emirate.

With discussion topics covering the business and investment environment in the emirate in general – the macroeconomic picture, opportunities for SME’s as well as growth prospects and opportunities for involvement in specific economic sectors including infrastructure – ports, airport, utilities; hospitality & tourism, real estate and manufacturing, the Ras al Khaimah Finance & Investment Forum, provided a comprehensive coverage of the current business and investment climate in the Emirate of Ras al Khaimah.

Participation in the Forum was at the highest level, with the presence and participation of His Highness Sheikh Saud bin Saqr al Qasimi, Supreme Council Member and Ruler of Ras al Khaimah giving an opening keynote address, followed by a keynote speech by His Excellency Juma Mohammed Al Kait, UAE Assistant Undersecretary for Foreign Trade, UAE Ministry of Economy. Senior dignitaries and officials also present included HH Sheikh Ahmed bin Saqr al Qasimi, Chairman of RAK FTZ & RAKIA, Dr Abdulrahman Al Shayeb, Director General of RAK DED, Ramy Jallad, CEO, RAK FTZ & RAKIA, Peter England, CEO, RAK Bank amongst others, including senior officials from foreign embassies of Germany, the Netherlands, Indonesia, Malaysia, Poland, South Africa and Singapore.

With a very well balanced mix of expert speakers from RAK and international companies, the Forum drew interest of senior representatives from across the UAE, GCC as well as some international delegates from Europe and Asia representing a wide spectrum of sectors from Industry – construction, manufacturing, engineering; Hospitality & Tourism; Real Estate; Industry practitioners – legal firms, consultancies, finance institutions and banks; Government entities and the Academia.

Contributions in the Forum panel discussion sessions included expert speakers from international firms – Goldman Sachs, HSBC, Ernst & Young, Nabarro, S&P, PwC, Colliers International, Hutchison Ports, Mövenpick Hotels, ADP Ingénierie, The Louvre Hotels Group, Air Arabia, Janah Hotels & Resorts, NBAD, Deloitte Corporate Finance, Premier Inn Hotels, ASM World Route Development Consultants, Besix, MWH Global, amongst others.

Further insight on the developments and opportunities for involvement in sector specific areas of the RAK economy were provided, with excellent contributions from RAK Wastewater Authority, RAK Waste Management Authority, UTICO, RAK International Airport and RAK Maritime City, providing insights into infrastructure developments and opportunities in each of the respective areas; An overview of the manufacturing sector and opportunities for advanced manufacturing partnerships was provided by RAK DED and Falcon Technologies International as well as from RAK based international companies, Quarry Mining LLC and Streit Group; The Al Marjan Island Company showcased opportunities in Ras al Khaimah’s hospitality, real estate and leisure sectors with contributions from RAK Hospitality in the discussion session on financing options and availability in this sector.

Concluding on a high note, the first Ras al Khaimah Finance & Investment Forum achieved its objective of bringing together financiers and investors together with key RAK entities on one platform to discuss developments, prospects and opportunities for involvement in Ras al Khaimah’s growing economy.

What attendees said about RAKFIF 2016 Gallery RAKFIF 2016