HH Sheikh Saud bin Saqr Al Qasimi

Crown Prince and Deputy Ruler of Ras Al Khaimah

Celebrating the 6th Accession Anniversary of

Crown Prince & Deputy Ruler for his inspiring initiatives transforming economic prosperity for the present as well as future generations Ras Al Khaimah into a new era of sustainable development and

to HH Sheikh Saud bin Saqr Al Qasimi

A Humble Tribute

CREDITS

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RAKIA PROFILE

Inspiring Strategies
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After HH Sheikh Saud bin Saqr Al Qasimi took over as the Crown Prince and Deputy Ruler, Ras Al Khaimah has raced ahead of its peers in several sectors. Recently, it was voted the most promising investment destination in the entire Middle East
steady flow of foreign investment in a manner that would help tap the latent potential of Ras Al Khaimah in sectors such as tourism, real estate, and manufacturing. These were areas in which Ras Al Khaimah enjoyed distinct advantages by way of natural resources, location and position on the cultural landscape. His ability to create a strong synergy between the two ensured the overall success of the plan. Today, when countries and states are smarting under the impact of a debilitating global financial crisis, Sheikh Saud’s focus on sustainable development has paid off, and that is showing. In an ocean of turbulence, Ras Al Khaimah stands out as an oasis of relative stability, although it is exposed to the global dimensions of the crisis, which may not have fully played out yet. Sheikh Saud considers the government as the most important company in the emirate, because what the government does has a bearing on everything that happens there. He has no doubt in his mind that the government has to be run like an efficient company, which will be responsive as well as responsible, and will constantly strive for

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t is the element of pragmatism that makes a vision truly inspiring. It is also pragmatism that moves a vision from the realm of idealism to one of strategy. And this has been the hallmark of the development paradigm that His Highness Sheikh Saud bin

Saqr Al Qasimi, Crown Prince and Deputy Ruler, has handed down to his economic managers as part of his plan to transform Ras Al Khaimah into a new and emerging investment destination and vibrant and sustainable economy. It is perhaps the biggest tribute to the success of this strategy that Ras Al Khaimah has been voted by media leaders like the Financial Times as one of the most promising investment destinations in the whole of Middle East. That

The smart businessman that he is, Sheikh Saud has the business sense to realise that if properly utilised, the government apparatus and the bureaucracy can be great assets capable of creating common wealth for society

the emirate hardly had a presence on the global investment map five years ago makes the achievement all the more illustrious. Salutes to that great strategy. Sheikh Saud’s strategy was two-pronged: Ensure the success of local businesses by engineering necessary institutional and organisational changes, and at another level, create conditions that would help attract a

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ENVISIONING RAK

HH Sheikh Saud and Dr Khater Massaad at the inauguration of Kludi RAK factory

Sheikh Saud asks World Bank to conduct study on foreign investment

improvement in whatever it handles. So, all the initiatives to reform the government apparatus and bureaucracy stem from this cardinal thought. The smart businessman that he is, Sheikh Saud had the business sense to realise that If properly utilised, the government apparatus and the bureaucracy can be great assets capable of creating common wealth for the society, rather than a liability, a description that bureaucracy is generally assigned all over the world.

Reforms in the bureaucracy have been a key component of the new agenda. Sheikh Saud impressed the bureaucracy that ‘change was no longer an option’. It has been made clear to government employees that they have to perform the role of facilitators, rather than create hindrances to change. But the change is not being forced arbitrarily as the bureaucracy has been exposed to a process of empowerment, to which the members of the bureaucracy have responded very positively. There is a strong awareness

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about the need to embrace change, which works in favour of everyone. This insight, coupled with his track record of managing highly successful business ventures, provided the impetus for all the recent initiatives in Ras Al Khaimah. The unprecedented growth of RAK Ceramics into a global leader in the ceramics industry, and the rejuvenation of Gulf Pharmaceutical Industries ( Julfar) as one of the leading regional players in the pharmaceutical industry are stellar examples of his management acumen. When Sheikh Saud took the initiative to organise a World Bank Investment Meet in Ras Al Khaimah, the first such event to be held outside Dubai or Abu Dhabi, many saw RAK as an unlikely venue. For, such events were considered more appropriate in these two cities. But Sheikh Saud had different ideas. As time passed by, everything seemed to fall in place, perfectly aligning with the well-orchestrated plan that Sheikh Saud had worked out for Ras Al Khaimah’s march ahead. Within a short time of taking over as the Crown Prince, Sheikh Saud has steered Ras Al Khaimah on the path of rapid progress and development. In simple terms, the plan aims to make RAK an ideal place for people to come and live and do business, utilising the tremendous opportunities being created by the new initiatives. Simultaneously, great emphasis is being laid on creating a business-friendly and congenial environment. Several gateways have been created to provide single-window services to investors, so that they are not required to approach multiple government agencies to complete the formalities of setting up business in the emirate. The creation of institutions such as the RAK Investment Authority (RAKIA), and the Investment and Development Office (IDO), RAK Properties, RAKEEN, EDRAK etc, are landmarks in the strategy of efficiently implementing and managing this vigorous developmental and infrastructural overhaul. The new development paradigm emphasises the empowerment of people through knowledge by building up all the essential infrastructure in this regard, along with the development of tourism, taking advantage of the emirate’s unique geography, landscape and traditions, as well as establishing the foundations of a diversified industrial base that uses the abundant natural resources available in the mountains. Ras Al Khaimah has traditionally been the holiday home of people from the other emirates, the region and
Global Investors’ Conference starts off in RAK. Sheikh Saud announces Dh1 billion Industry Development Fund

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RAK is a combination of lifestyle, business environment and friendly policies

tourists who keep coming back to its exotic attractions. “Every place has to find what is doable. Industry is part of what we need. We feel there is a great need here to do industrial development because it is not as significant as tourism. But focusing on industry does not mean we have to forget about tourism. It does not mean we have to create another service economy. It is not just about creating a job, but to create a place that you would like to go to. It is a combination really of lifestyle, business environment and friendliness,” Sheikh Saud told an interviewer recently,

while explaining his strategy. Everything that happens in Ras Al Khaimah, whether it is the launch of forward-looking projects such as the Al Hamra property developments, hospitality assets or leisure and entertainment infrastructure, can be tracked down to this idea that continues to spur all sections of the society, including an assortment of existing and new institutions, to constantly excel. That’s what inspiring strategies are capable of doing.

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RAKIA PROFILE

Back to Beauty : The RAK backwaters add to the calm and peace of its surroundings

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Reforming the Governance Process

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GOVERNMENT

The Sheikh Saud bin Saqr Programme for Young Business Leaders facilitates entrepreneurship among the youth. Sheikh Saud believes that the future success of RAK’s economy in the global marketplace would depend on the entrepreneurial spirit and innovation of the younger generation

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‘Public- Private Partnership vital for development,’ says Sheikh Saud

ne of the earliest announcements by H H Sheikh Saud bin Saqr Al Qasimi after his accession as Crown Prince and Deputy Ruler was that the Government of Ras Al Khaimah was committed to removing all hurdles in the

administrative, legal and other levels, to promote new investments and facilitate businesses in the emirate. A number of initiatives in this regard followed, including changes in systems and procedures to help businessmen and entrepreneurs and attract new investments in the emirate. Similarly, great emphasis was laid on increased partnership between the private and the public sectors to create a sustainable economic model for the future. Sheikh Saud saw this as very

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categories for small-size and large-size departments, organisational units and departments involved in customer service as well as excellence in e-governance. Award categories also provided for distinguished administrative experiment, the distinguished technical experiment and job excellence. To broad base the competition, participation was made compulsory for all local government departments. Also launched was the `Saud bin Saqr Programme for Young Business Leaders’ to promote and facilitate entrepreneurship and encourage UAE entrepreneurs to set up new businesses and projects, mainly small and medium enterprises, in the emirate. The government initiative sought to channelise the entrepreneurial spirit of young people towards creating profitable and sustainable business ventures that would enhance their role in the national economy. “The future success of our economy in the global marketplace would depend on the entrepreneurial spirit and innovation of the young generation. This programme recognises the role of young people in driving UAE economic growth and would play a leadership
Sheikh Saud opens seminar on RAK Government Excellence Award

role in promoting entrepreneurship, enhancing skills, and offering facilities for young people to set up new businesses,” Sheikh Saud said during the inauguration. All new business enterprises set up under the programme are exempted from payment of registration and related fees at the RAK Municipality, RAK Economic Development Department, and RAK Chamber of Commerce for three years. The new business ventures would also get financial incentives through waivers on fees at the Labour Department. As part of the move to tune up administrative procedures, the government announced plans to launch an advanced Geographic

important for creating a business friendly environment which would help realize his plans for RAK’s overall development. As part of the move to reform governance process and bureaucracy so as to upgrade the performance of local government departments and underline the importance of the government sector in bolstering development in the emirate, Sheikh Saud decreed the setting up an award for government excellence. The Ras Al Khaimah Government Excellence Award has seven distinct

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GOVERNMENT

Sheikh Saud inspires RAK to deploy GIS technology to boost development

Information System (GIS) capable of capturing, storing and analysing geospatial and other information relating to Ras Al Khaimah and link various governments departments through a network. The mapping exercise and data base created as part of the GIS project could be used to provide a variety of services like resource management, developmental planning and emergency response planning. It could also be used to deliver a whole lot of community services related to schools, hospitals and for the issuance of building permits, land registration etc, when the system is integrated to the government website. The first phase of the plan envisaged a study to identify the requirements

of the whole emirate and preparation of a strategic plan on how to meet those needs. The comprehensive data base is then connected through the government network, making it possible to offer a host of public utility services. Key departments covered under the plan included the RAK Municipality, Lands Department, Public Works and Services Department and the Sewerage Authority. Similarly, plans were launched to implement an internet enabled e-communications platform in all the government departments in Ras Al Khaimah to create efficient communication and information sharing mechanism within and between all government departments.

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Legal Reforms
A slew of legislative and regulatory initiatives were launched in Ras Al Khaimah as part of Sheikh Saud’s plan to improve the legal infrastructure in the emirate

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major step in improving the legal infrastructure of the emirate was the launch of Ras Al Khaimah Commercial Arbitration Centre to provide conciliation and arbitration services to business and commercial sectors in the emirate and outside.

non-Arab expatriate ownership. But Ras Al Khaimah was the first emirate to provide for registration of the ownership titles with the emirate’s Land Department. RAK was also closely behind Dubai in providing for Guarantee Accounts for real estate development projects in the emirate. The decree in this regard made it mandatory for all developers wishing to sell off-plan units to register with Ras Al Khaimah Investment Authority (RAKIA) and to open a Guarantee Account in which amounts paid by buyers towards property purchases or by project financing parties will be deposited.

The establishment of the Commercial Arbitration Centre is expected

to provide a mechanism for quick and efficient settlement of commercial disputes that would boost business confidence and improve the business climate in the emirate. Another important legislation opened up the emirate’s freehold property sector, only the second emirate after Dubai to open property to

HH Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah

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A Master Planner
n keeping with the overall strategy for the development of Ras Al Khaimah, Sheikh Saud announced a master plan to develop land for a variety of industrial, residential, tourism and agricultural projects. The first phase of the plan covered 540sqm, about 10 per cent of which the development of the southern areas of the emirate with the view to creating economic development opportunities across all the regions. The plan addresses a whole set of issues like land use, development planning, efforts for stimulating economic growth, housing, transportation and tourism development for the southern areas of the emirate. Sheikh Saud had told a Global Investors’ Conference, organised jointly by the Government of Ras Al Khaimah and the World Bank, that the RAK

is earmarked for industrial ventures. The plan aimed to ensure orderly development of the emirate over the next two decades. The strategy includes the development of a comprehensive plan for

INITIATIVES

RAK signs joint venture to set up the Technology Innovation Centre

RAK unveils model of new Dh850 million theme park

economy was on the verge of a tipping point, which will see exponential change and ‘unstoppable growth’. Sheikh Saud also announced the setting up of the Dh1 billion Technology and Industrial Development Fund dedicated to promoting industry and technology in RAK. “The fund will provide targeted funding commitments to viable projects to set up high value technology and manufacturing units”, he said. The aim of the fund is to establish RAK firmly as a regional centre for research and development in a wide array of disciplines in order to encourage learning and innovation in the emirate, the UAE and the world at large. Sheikh Saud had asked the World Bank to conduct a comprehensive study on the foreign investment avenues available in the emirate as part of
Sheikh Saud lays foundation stone for mega Theme Park in RAK

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Ras Al Khaimah’s GDP is estimated to have grown by more than 50 per cent over the last four years and the fast- growing emirate, riding a wave of massive inward investments, is expected to clock an annual growth rate of over 15 per cent in the next few years. By 2006, the GDP had grown to more than Dh11 billion from 7.1 billion in 2003 and was headed for more aggressive growth. The RAK government is planning a sukuk issue to raise resources to implement the strategic vision and future plans. Standard Chartered Bank has been appointed Sole Lead Manager and Sole Bookrunner for the sukuk programme. The sukuk plan follows the Government’s initiative to obtain
Sheikh Saud at the event when KGL commenced development of Container Terminal at Mina Saqr Port

credit ratings earlier this year through rating advisory services by Standard Chartered Bank in which both Fitch and Standard and Poor’s (S&P) provided the RAK government with an ‘A’ level rating.

its master development plan. The conference titled, `Invest and Live in Ras Al Khaimah’, heard the Crown Prince outline sector-wise developmental initiatives taken by the Government for achieving rapid growth and development. These included an extensive infrastructure improvement programme, expansion of the capacities of sea ports, private and public sector partnership in the healthcare sector, development of the tourism sector to make it a premier tourist destination by tapping the emirate’s distinct cultural heritage, its rich repository of natural resources-the deserts, mountain ranges, hot water springs, fertile plains and the pristine beaches. There are already signs of Sheikh Saud’s plan yielding results. There has been an unprecedented all round socio- economic prosperity, with the emirate recording tremendous growth in manufacturing, services and tourism sectors and considerable rise in living standards and per capita income.

RAK unveils action plan to promote heritage tourism

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Infrastructure Boost

Saqr Port

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INITIATIVES

RAK’s development has been multi-dimensional. One of Sheikh Saud’s most significant achievements is the parallel attention he paid to enhance the emirate’s infrastructure

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long with a major industrial expansion plan, Sheikh Saud’s growth strategy for Ras Al Khaimah also envisaged substantial upgrade of the emirate’s basic infrastructure. The opening of the six-lane Emirates Road already placed RAK in close

consolidate this opportunity, Sheikh Saud ordered an ambitious road development programme to upgrade road infrastructure within the emirate at an estimated investment of around Dh3 billion. The Road Improvement Programme envisaged the extension of the Emirates Road, creation of new roads, including those to rural areas and quarries, and expansion of the existing road network. The plan was prepared on the basis of a transportation and traffic study commissioned by the government. The strategy involved creation of new highways, widening of existing roads, building of flyovers and improving congested junctions. Also proposed was the development of the Siji-Shawkah Road, along with the RAK Coastal Road and the new Al Jais Mountain Road. Another infrastructure development project envisaged the setting up of a sewerage network, involving an investment of Dh360 million in two phases, along with a waste water treatment plant, incurring another investment of Dh60 million. The three-stage project with a time-frame of four years for completion is an important milestone in the emirate’s planned urban development programme and is expected to improve the quality of life in the emirate by reducing pollution and enriching the environment. The second phase of the project involved the laying of a 350-km long sewerage

proximity to Dubai, which opened up a possibility for the emirate to be part of the massive economic expansion happening in Dubai. The new road, which effectively cut travel time between RAK and Dubai to just around 45 minutes, provided a big boost to the emirate’s economy, as it banked heavily on a flurry of new initiatives in the tourism, real estate and industrial sectors. The 62-km extension of the highway threw open enormous opportunities for the emirate by allowing for easy transportation of goods and products. The drastic reduction in the travel time was also seen to be capable of translating into a big increase in the number of tourists, who would find RAK easily accessible from Dubai and elsewhere. The new road also provided a fillip to RAK’s industrial sector and enhanced its potential to become a key player in the manufacturing sector. It also provided a tremendous boost to the development of the freehold property sector in RAK, as people from Dubai and other neighbouring emirates found residence in the emerging emirate as an attractive option. To further

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pipeline linking all the residential and commercial establishments in the designated areas. As part of the plan to improve the transportation support logistics, Saqr Port has undertaken an ambitious expansion programme over the last four years, involving a total investment of Dh221 million to facilitate efficient handling of containers, bulk and general cargo. As part of this, the port commissioned four newlyconstructed berths, which have a total length of 795 metres and would increase the cargo handling capacity of the port substantially. The port also added a brand new container terminal with a capacity to handle 350,000 TEUs developed by the Kuwait- based KGL Ports International (KGLPI). With the four new berths, Saqr Port now has 12 berths with KGLPI operating its container terminal in four berths and the rest operated by the Saqr Port Authority. Similarly, a hi-tech container scanning system has been set up at the port. With all these measures, the port has been recording an impressive annual growth of over 30 per cent consistently over the past four to five years. These facilities were further boosted by the opening of the RAK Global Logistics Park and Inland Container Depot set up by RAK Global Logistics LLC, a joint venture between RAK Ceramics and Global Cargo System Ltd. The ultra- modern Logistics Park, located in the heart of the fastgrowing industrial zone in RAK, has a warehousing capacity of 2,500 square metres, plus a 12-metre high, fully racked warehouse, capable of storing and distributing around 10,000 cubic metre of cargo. The

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INITIATIVES

Inroads to development

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Conquering the mountains

new Inland Container Depot is spread over 20,000 square metres, and is equipped to handle 1,500 TEUs. Another major initiative to improve energy supplies in the emirate was the establishment of the RAK Gas Commission, which has tied up with a new gas supply facility that is expected to meet the energy demands of RAK’s growing industrial sector. Under the deal, signed with Novus Oman Limited,

gas from the West Bukha field, located offshore the Musandam Peninsula in Oman, would be brought to the emirate and processed. Dolphin Energy has been supplying natural gas at an average of 40 million cubic feet daily via a tie-in near Qidfa between Dolphin’s dedicated Al Ain Fujairah pipeline and the Emarat gas pipeline network, which serves the UAE’s Northern Emirates.

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Sheikh Saud speaking at a conference on `The Impact of Information and Integrated Statistical Systems on Socio- Economical Development’, in November 2008

Education in RAK gets a major push
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HIGHLIGHTS

The emirate has been leading the rest of the nation in the field of education and research, thanks largely to the vision of Sheikh Saud

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campus.

as Al Khaimah’s reputation as an emirate proactive in the field of education was strengthened this year with the establishment of two new world-renowned institutions and the

announcement of grants for research in materials sciences at an international workshop in February. The Friedman School of Nutrition Science and Policy at Tufts University and Ras Al Khaimah Education Company (EDRAK) jointly announced the opening of the first class of students to begin their study towards a Master of Nutrition degree. The announcement was made by Dr Eileen T. Kennedy, Dean of the Friedman School and Dr Raj Parikh, CEO of EDRAK on March 24. Dr Kennedy stated that the new programme had been created with an emphasis on the needs of people in the Gulf region, and to standards identical to those at the school’s Boston The partnership between Tufts and EDRAK is the result of the vision of Crown Prince and Deputy Ruler of Ras Al Khaimah, His Highness Sheikh Saud bin Saqr Al Qasimi, who wanted the emirate to become a regional hub for education and healthcare. The one-year programme in RAK is taught by the

Sheikh Saud opening the Career Exhibition 2009, on January 21

same faculty in the US. Instruction is provided through a ‘hybrid’ learning model -- a combination of ten-day residency sessions held three times over the course of one

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year, along with computer-facilitated lectures and student participation from home in between the residencies. The programme has attracted students from several countries, including Egypt, Morocco and Qatar. Tufts University’s Dr Lynne Ausman, the Saqr bin Mohammed Al Qasimi Professor in International Nutrition, is teaching the new students. She said graduating students will have the option to pursue the Doctorate degree in the US. Dr Parikh added RAK’s partnership with Tufts will also see the launch of several short courses and certificate programmes for healthcare professionals in areas of concern to the region. The Friedman School of Nutrition Science and Policy is the only independent school of nutrition in the United States. The school’s centres -Sheikh Saud inaugurating an exhibition organised by the RAK Education Zone in March 2008

which focus on questions relating to famine, hunger, poverty, and communications -- are renowned for the application of scientific research to national and international policy.

Technology edge
Another prestigious institution, the Ecole Polytechnique Federale de Lausanne (EPFL), will also be set up in the emirate, under a partnership between EPFL and the Ras Al Khaimah Investment Authority (RAKIA). H.H. Sheikh Saud laid the foundation stone for the new campus of the renowned European technology institute on May 14. The announcement of the partnership was made by Sheikh Saud at a press conference in the presence of Pascal Couchepin, Minister of the FedSheikh Saud at the foundation stone laying ceremony for Ecole Polytechnique Federale de Lausanne (EPFL) campus in May

eral Department of Home Affairs, Switzerland, Dr. Fritz Schiesser, President of the ETH Board, Wolfgang Amadeus, Swiss Ambassador to the UAE, top EPFL officials, Sheikhs and dignitaries.

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Sheikh Saud meeting people during a visit to Al Jazeerah

The mission of the new university campus is to develop cutting-edge research programmes, graduate and post-graduate educational programmes (Master’s, PhD, and Continuing Education), and practical and innovative technology transfer interfaces with the industry. The new campus will have state-of-the-art infrastructure, including five advanced laboratories. EPFL is one of Europe’s leading institutions of science and technology and was ranked 26th by the American magazine Newsweek among the top 100 universities in the world. The project will provide high-level research

and teaching resources necessary for taking on the daunting challenges Gulf states will face in areas such as energy, environment, construction, and IT. Announcing the new partnership, Sheikh Saud said, “We are intensifying efforts to improve our infrastructure and utilities to maintain our status as one of the Middle East’s most attractive business and investment destinations. Strategic ventures with prominent institutions such as EPFL are vital for us to maintain our development goals.” The project also involves collaboration with EPFL’s more than 250 labs

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HIGHLIGHTS

and research groups in its Switzerland campus. The institute will start offering Master’s programmes in 2010 and the new campus is expected to be ready by 2011-2012.

Research fellowship
In a major push to education and research in the emirate, H.H. Sheikh Saud, on February 24, announced expansion of the Sheikh Saqr Al Qasimi Research Fellowship programme to encourage scientific research in UAE universities and to position the emirate as a global centre of excellence in materials science research. Under the new initiative, the Ras Al Khaimah Centre for Advanced Materials (RAK- CAM) -- one of the most sophisticated research facilities of its kind in the region -- will provide about half a dozen new research grants to those involved in material sciences research in UAE’s universities and countries in the
Sheikh Saud meeting people during a tour to Al Rams

The one-year programme in RAK is taught by the same faculty in the US. Instruction is provided through a ‘hybrid’ learning model -- a combination of ten-day residency sessions held three times over the course of one year, along with computer-facilitated lectures and student participation from home in between the residencies

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region. Sheikh Saud made the announcement at the Al Dhait Palace during a reception accorded to scientists and researchers who attended the 1st International Workshop on Advanced Materials (IWAM). “We are doubling the budget for the Sheikh Saqr Al Qasimi Research Fellowship programme in order to encourage more local students to take up research projects in UAE universities and across the region”, Sheikh Saud said. Sheikh Saud also announced the appointment of eminent chemical physicist, Prof Mostafa A. El-Sayed as the first Sheikh Saqr Visiting Professor at RAK-CAM. Prof Mostafa is the winner of the 2007 National Medal of Science, United States’ highest scientific honour, and is currently the Julius Brown Chair and Regents Professor at Georgia Tech University, Atlanta. The new research grants would expand the scope of the prestigious fellowship programme, which currently supports material science research in the universities of Pennsylvania, Cambridge, and Virginia Commonwealth, and the Jawaharlal Nehru Centre for Advanced Scientific Research in Bangalore, India. Sheikh Saud said RAK-CAM is envisioned as a flagship for advanced research in the Middle East, and will provide educational and training opportunities for new scientists and engineers at the regional and international levels, conduct research in support of local industries, develop new business opportunities, and produce new options to ensure energy security and sustainable development.
Sheikh Saud receiving National Day greetings from students last year Sheikh Saud with leading scientists attending the IWAM 2009 conference

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Sheikh Saud with Saqr Ghobash Saeed Ghobash, UAE Minister of Labour, at the launch of Saud bin Saqr Programme for Young Business Leaders in May 2008

Al Ghail Power Plant

Power plants
The emirate has also empowered itself with two new power plants – the 84-megawatt Al Ghail Power Plant; and the 45-megawatt open cycle gas-fired power plant, Al Hamra-1. Both the plants started commercial production in mid-April. The plants were set up with a total investment of around $130 million. While the Al Ghail power plant serves the Industrial Park, Al Hamra-1 supplies power to Al Hamra Industrial Zone, RAKIA Free Zone, and new residential projects in Al Hamra Village. RAKIA has been fast-tracking the implementation of four new power projects it announced last year to meet the emirate’s surging energy needs.
Sheikh Saud with children during a school visit in May 2008

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HIGHLIGHTS

Sheikh Saud with a US congressional delegation in November 2008

Sheikh Saud wth Raila Odinga, Prime Minister of Kenya in November 2008

Sheikh Saud with winners of the RAK Half Marathon 2009

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RAKIA: A Milestone
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INITIATIVES

One of Sheikh Saud’s master strokes in the pursuit of his new vision for Ras Al Khaimah was the setting up of RAK Investment Authority to attract foreign investments and to accelerate the development process
financial and managerial independence. Dr Khater Massaad, Advisor to RAK Crown Prince, was appointed the CEO of the new body. Specifically, the new authority was meant to propose investment policies and supervise their implementation, assess economic feasibility studies pertaining to investment and promote developmental projects and investment opportunities across various economic sectors within RAK. RAKIA was

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AKIA - Ras Al Khaimah Investment Authority - was expected to use RAK’s strategic location, liberal policies and low costs to make the emirate a global manufacturing hub. The new institution was charged with the responsibility of reinforcing

the investment climate in the emirate and promoting its various economic sectors. The semi-government body has statutory powers and enjoys

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Power plants and industries set up base in RAK

also expected to put in place world class infrastructure facilities in the emirate and modernise the legal environment to transform RAK into one of the most attractive destinations for local, regional and international investments. A major part of RAKIA’s activity is handled through free zones established under its umbrella. RAKIA was expecting to channelise inward investments worth $15 billion across various sectors in the next five years. The authority attracted Dh2.5 billion in industrial investments in its first year of operations. Within two years, the institution attracted over 800 companies, including a host of Fortune 500 companies. A plethora of investment opportunities are available in the emirate in real estate, tourism,

power, infrastructure and industrial sectors. The surge of investments through RAKIA owed much to the emirate’s pragmatic leadership and the investor- friendly policy drawn up by RAKIA, based on its own experiences worldwide. According to Dr Khater Massaad, the success of RAKIA may be attributed to the fact that a transparent and proactive business culture promoted by Sheikh Saud has captured the attention of big-ticket global investors, who are now queuing up to make RAK their manufacturing base. The project costs for setting up a new factory in RAK has been about 20 per cent to 25 per cent less compared to other destinations on account of better logistics, no incidence of duties and overheads or costs incurred in bureaucratic delays, he points out.

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INITIATIVES

So do shopping malls

Dr Massaad explains that the project development, regulatory compliance and start-up costs have been less than two per cent n Ras Al Khaimah, whereas it varied between 5-15 per cent in other destinations. Besides, RAKIA offers one-stop-shop benefits to investors like easy licencing procedures, world class infrastructure facilities and availability of land, alongside other facilities. “Our time to complete a project from zero date to a fully operating factory has been around 8 to 12 months in RAK. In all other countries, it has taken at least 14 to 16 months for construction alone, not including time to go through the torturous process to get possession of land,” Dr Massaad said.

Productivity related labour costs in the UAE have been comparable to lower wage rate locations such as China, India and Bangladesh where skilled and unskilled labour productivity has been 60-65 per cent of that measured in the UAE. “Our project development, regulatory compliance and start-up costs have been less than two percent in Ras Al Khaimah. In all other destinations, they have varied from about 5-15 percent. The energy costs in RAK at 5.4 cents per kilowatt hour are the lowest compared to China, India and Bangaladesh, where they have been above 7.0 cents”, said Dr Massaad. The major projects launched through the efforts of RAKIA include the Guardian RAK float glass plant, Ashok Leyland assembly unit, Pioneer Steel Industries, RAK Ghani Glass plant etc.

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Inspiring Success
“I am but a loyal soldier in Sheikh Saud’s army,” says Dr Khater Massaad, CEO RAKIA and Advisor to the Crown Prince and Deputy Ruler – a statement that quite sums up his role in executing the vision and foresight of a man he admires and reveres
By Manju Ramanan

world for its business-friendly policies and the spirit of entrepreneurship. Apart from the success of RAK Ceramics, that is globally renowned, we have been rated well by world-renowned agencies like Standard and Poor’s, voted the Middle East’s most promising investment destination etc. It sounds incredible, but it is true, that all this has been achieved in a short span of time,” he adds. A geology student from the University of Lausanne in Switzerland, who was working on his doctorate, Dr Massaad arrived in Fujairah from Electro Watt of Switzerland to conduct geophysical investigation in that
Dr Khater Massaad

“W

hen Sheikh Saud took over as the Crown Prince, Ras Al Khaimah wasn’t financially sound. But today, in a span of six years, the emirate has won several accolades across the

area. “Since I had the benefit of having a western education and spoke

44

GOVERNMENT

Arabic, my professor sent me there. I came for several missions and finally completed my doctorate and started managing a ceramic factory in Fujairah,” he says. Dr Massaad arrived in Ras Al Khaimah in January 1989, though he had met Sheikh Saud through a common Swedish friend, “on 26th of March, 1988,” states Dr Massaad, a date that was going to change his

“A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is a part of it. We are not doing him a favour by serving him. He is doing us a favour by giving us an opportunity to do so.” Mahatma Gandhi

life forever. “His brilliance is striking and so are his thoughtfulness and honesty. I wanted to work for him, because he exuded great energy that motivated me, and still does,” he states. Dr Massaad surveyed RAK for its mineral deposits and discovered clay – that could be used for making ceramics, though there were other mineral deposits too, like magnesite, chromite and dolomite. A feasibility study was carried out and thus was formed what would later become a legendary successRAK Ceramics. Initially, Dr Massaad and his brother were appointed as consultants, but later he was named General Manager. Ask him how the company rose to success in a short spell of time, and Dr Massaad credits it all to Sheikh Saud. “Sheikh Saud is a very encouraging man. He always sees the positive aspect of things and strives to do better. His policy is simple: ‘Be 100 per cent professional in what you do and never employ anyone to do a favour’, a maxim that he strictly practises. All these years, he has never called me asking to appoint someone. So, we could hire a group of people here, who were appointed purely on the basis of their own merit,” he states. “Even when

45

he built his house, he called me up and asked me to submit the bills for the ceramic tiles. It is his company, he owns it. Yet he told me: ‘Give me the tiles at the distributor’s price’. That is his sense of integrity and honesty.” “Another reason for the success of RAK Ceramics is that we have always been choosing the right technology and equipment. Thirdly, we have been listening to our clients. Mahatma Gandhi’s saying ‘Customer is God’ resounds in our philosophy. The products we create are what the market demands.” The resounding success of RAK Ceramics, the largest ceramic tile manufacturer in the world, has prompted it being cited as a success story in college curricula and has since been rated Superbrand 2009. Replicating this record, Sheikh Saud wanted to create a vehicle to promote investments in the emirate and that led to the creation of RAKIA in May 2005. “He advised me and my team to start contacting companies and people and duplicate the same model of RAK Ceramics. I utilised all my contacts across the world, in the 126 countries we had been operating to get the investments coming in.” “In May 2005, we started to lease land for 10 million sq feet and today, we have a number of leading companies in our portfolio: for instance, Ashok Leyland, Arc International etc, and we have also worked with world leaders. Sheikh Saud’s message was clear: Create an organisation that is proactive and we have tried to follow it,” he adds. Dr Massaad cites a message he received recently from an investor by way of illustration. The message stated that in 10 minutes, he was briefed, in half-an- hour he could visit the site, and in one hour, he got his licence.

“This for me is a very big achievement,” he states. RAKIA has issued about 3,600 licences in the last four years. “It is a keynote from Sheikh Saud: Simplify and help people. Make sure people don’t lose money”. Today, RAK has good legal systems, it is respected internationally for business, and many organisations are willing to invest here. But what is a smooth sailing task today would have had its share of ups and downs. “If you have a leader at the helm, who is so proactive and steady about leading his emirate to success, it is a great example for everyone to follow. Sheikh Saud is always encouraging, and that positive energy helps us.” As for the future, RAKIA will continue to build infrastructure and attract investments. “Whatever income is generated will be invested in Ras Al Khaimah,” he states. RAKIA has successfully launched and operated its own power plants in both Al Hamra and Al Ghail industrial areas. What about the rest of the areas? “The project is under study and with good cooperation with FEWA, we shall surely achieve that too,” he says. Sheikh Saud has been keen to promote Ras Al Khaimah as a tourism destination. “Ras Al Khaimah has great potential for tourism. It has a 65km coastline, 6,000 year-old tombs, canyons in its mountains, old abandoned villages in its hills, deserts, gravel plains etc. RAK’s seas, that have an abundance of turtles, are protected too. Also, Sheikh Saud has been active in restoring old historical sites. He believes that development must be holistic.”

46

Investment Spotlight

48

RAKIA PROFILE

Ras Al Khaimah under the leadership of HH Sheikh Saud has successfully turned the course of its own history. While the formation of RAKIA accelerated its development ascent, the stirrings were already there, so was the climate for business entrepreneurship

R

Industrious RAK
AK has negligible deposits of hydrocarbons unlike some other emirates or countries in the GCC, and as a result has sought to diversify the economy over the course of the last decade by opening up to foreign investors and industries. Its aim was

to make the best use of its strategic geographical position by improving its infrastructure and creating the right incentives and liberal business environment to attract major industrial enterprises from around the world. The strategy is now paying dividends with RAK becoming one of the most popular destinations for Foreign Direct Investment in the GCC. The industrial sector now accounts for around 9% (2007) of the emirate’s GDP. The sector’s share of GDP is expected to grow even more rapidly. Although the drive to attract foreign companies has been a recent development, RAK has long been one of the industrial centres of the UAE. The industrial sector has been dominated by the three main industries
RAK Ceramics rated as Superbrand 2009

49

of Cement, Ceramics and Pharmaceuticals. These sectors however, have diversified in recent years since the creation of Free zones as well as partnerships between the Government and foreign investors. RAK has a natural advantage when it comes to the production of cement. The emirate has a large mountain range, the Hajjar mountains, which has long been a favourite source for quarried building materials. The same mountains have also supplied the cement industry with high quality lime stone. RAK remains at the forefront of the industry as the Hajjar range holds supplies of limestone which are nowhere near depletion. The pharmaceutical industry in RAK is about 30 years old and was one of the key focuses of government plans to develop the country’s industrial base following the formation of the UAE. The industry is dominated by one company, Gulf Pharmaceutical Industries, known as Julphar; the company has grown into a pharmaceuticals giant by Middle East standards and now exports to over 80 countries. It is the biggest pharmaceuticals manufacturer in the UAE. RAK lacks in oil, but it is compensated, by its natural mineral water resources. RAK is the origin of Masafi water, the region’s leading mineral water brand, with its source lying in several rich underground springs in the mountainous city of Masafi. Masafi water, established in 1976, has developed into an international brand which exports bottled water and fruit juices to more than 20 countries. Under the direction of HH Sheikh Saud bin Saqr Al Qasimi the Crown Prince & Deputy Ruler of Ras Al Khaimah, the emirate perused the goal of making Ras Al Khaimah a regional hub for industrial manufacturing, service sector & tourism. With this vision in mind, a humble beginning was made by setting up RAK Ceramics in Ras Al Khaimah in 1991, which is presently the largest, single, state-of-the-art, ceramic tile manufacturer in the entire world with its 12 plants spread across the UAE, India, Bangladesh, Sudan,

50

RAKIA PROFILE

RAK Cement factory

RAK Porcelain

Iran and China, producing over one hundred million square meter of tiles and 3 million pieces of sanitary ware annually, exporting to 135 countries. The UAE operations is the largest single location ceramic manufacturing facility in the world with more than 6,000 active models in the ceramic and porcelain tiles segment, and an exclusive range of more than 600 active models of sanitary ware with a wide choice in designer bathroom sets, wash basins, bathtubs and related items. RAK Ceramics has diversified by forming 41 joint ventures including Kludi RAK LLC, RAK Porcelain LLC and Laticrete RAK LLC in Ras Al Khaimah. From the learnings, came the creation of RAK investment Authority or RAKIA, to multiply the success experienced with
Glassware from Arc International

RAK Ceramics and associate projects.

51

The Creation of RAKIA
RAKIA transformed Ras Al Khaimah into an investment magnet with around 1900 local and foreign investors setting up operations within the emirate in a short period of time

R
52

as Al Khaimah Investment Authority (RAKIA) was established in 2005 through Emiri Decree No (2)/ 2005 issued by HH Sheikh Saqr Bin Mohammed Al Qassimi, Supreme Council Member and Ruler of Ras Al Khaimah. With a mandate to promote and

oversee the economic development of the Northern emirate, RAKIA has literally transformed Ras Al Khaimah into an investment magnet with around 1900 local and foreign investors setting up operations within the emirate in just a short period of time. Within just four years of its inception, RAKIA has attracted over USD 2.3 billion in industrial investments, powering an unprecedented economic surge that has made Ras Al Khaimah one of the fastest growing emirates in the UAE and the region. The licenses RAKIA has issued show a remarkable balance among key sectors – 28 per cent of licences went to commercial companies, 26 per cent to industrial firms, 22 per cent to consultancy & service companies and balance to trading and media companies. RAKIA has also made significant
The learning curve of success

Rakia Profile

trial ties K

RAK has negligible deposits of hydrocarbons unlike some other Emirates or other countries in GCC, and as a result has sought to diversify the economy over the course of the last decades by opening up to foreign investors and industries. The aim was to make the best use of the Emirates strategic positioning by improving its infrastructure and creating the right incentives and liberal business environment to attract major industrial enterprises from around the world. The strategy is now paying dividends with RAK becoming one of the most popular destinations for foreign Direct Investment in the GCC. The industrial sector now accounts for around 9% (2007) of the Emirate’s GDP. The sector’s share of GDP is expected to including free grow even more rapidly.
Percent of economic sectors' share in RAK's GDPGovernment Services Sector The financial Corporations Sector Other Services Real Esate & Business Services

The UAE operations is the largest single location ceramic manufacturing f models in the ceramic and porcelain tiles segment, and an exclusive range to offer with a very wide choice in designer bathroom sets, wash basins, b diversified horizontally by forming 41 joint ventures including Kludi RAK LLC RAKIA PROFILE Ras Al Khaimah

From the learnings, came the creation of RAK investment Authority or RA RAK Investment RAK Ceramics and associate projects. Authority and non Khaimah Investment Authority (RAKIA)away from Ras Al free zones in Al Hamra area about 15 kms was established in 2005 thro
Ras Al Khaimah City and in Al Ghail, 40 kms away from Ras Al Khaimah City.
within the full ownership a their period of and enjoy tax investors who wish to availemirate in just of shortbusinesses time. With a mandate to promote and oversee foreign Operating as a one-stop-shop, RAKIA proposes free zones tothe economic development

Sheikh Saqr Bin Mohammed Al Qassimi, Supreme Council Member and Ru

transformed Ras Al Khaimah into an investment magnet with around 1900 l

Transport, Storage Communications E operations is the largest single &location ceramic manufacturing facility in the world with more than 6,000 active Restaurants & Hotels Total no of licenses n the ceramic and porcelain tiles segment, and an exclusive range of more than 600 active models of sanitaryware license Total no of Wholesale, Retail Trade & Repair Services with a very wide choice in designer bathroom sets, wash basins, bathtubs and related items. RAK Ceramics has Construction & Building 2000 ed horizontally by forming 41 joint Electricity & Waterincluding Kludi RAK LLC, RAK Porcelain LLC and Laticrete RAK LLC in ventures 1691 1800 Manufacturing Khaimah Mining & Quarrying-Others

1899

350

1600 1400 Mining & Quarrying-Crude Oil he learnings, came the creation of RAKFishing with 1200 Agriculture, Livestock & investment Authority or RAKIA, to multiply the success experienced 1005 1000 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 ramics and associate projects. 800 Percent 600 Khaimah Investment Authority (RAKIA) was established in 2005 through Emiri Decree No. (2)/ 2005 issued by H.H. 287 400 Although the drive to attract foreign companies has been a recent development, RAK has long been one of the industrial Saqr Bin Mohammed Al Qassimi,sector has been dominated by the three main industriesRas Al Khaimah. and 200 Supreme attract world-class knowledge based and investments in infrastructure to Council Member and Ruler of of Cement, Ceramics centres of the UAE. The industrial Pharmaceuticals. Although the sector has diversified in recent years especially since creation of Free zones as well as 0 partnerships between Government and foreign investors. technology companies. No of License

NO OF LICENSE

300 250 200 150 100 50 0 Industrial
21

287 184 178 115 78

12

mandate to promote and oversee the economic development of the Northern emirate, RAKIA up to literally has up to RAK Khaimah advantage investmentto develop with manage industrial estatesa large mountain range, the med Ras Alhas a naturalRAKIA’an when it comes to the production ofaroundThe emirates hasand foreign investors setting up operations into s core mission is magnet and cement. 1900 local 2006 2007 Hazar e emirate in mountains, which has longcement the emirates high quality source for quarried remains at the forefront of the just a short period of made industry with a favourite of lime stone. RAK building materials. The same time. mountains have also supplied the
industry as the Hajar range holds supplies of limestone which are nowhere near depletion,

up to 2008

up to April 2009

Com e m

The pharmaceutical RAK is government Total no of licenses industry in followingabout 30 years old and was one of the key focuses ofTYPEby oneplans to develop OF LICENSE the country’s industrial base the formation of the UAE. The industry is dominated company, Gulf Pharmaceutical Industries, known as Julphar, The company has grown into a standards and now exports to over 80 countries. it the biggest pharmaceuticals manufacturer in the UAE. 1899

Type of by Middle East pharmaceuticals giant License

NO OF LICENSE

1691 What RAK lacks in oil is somewhat compensated for by its natural minerals water resources. RAK is the origin of Masafi 287 water, the region's leading mineral water brand, with its source lying in several rich underground springs in the mountainous 300 city of Masafi. Masafi water, established in 1976, has developed into an international brand which exports bottled water and fruit juices to more than 20 countries. 1005 Under the direction of H.H. Sheikh Saud

350 250 200

Within just four years of its inception, RAKIA has attracted over USD 2.3 unprecedented economic surge that has made Ras Al Khaimah one of th region.

Aerial view of RAK Ceramics Plant bin Saqr Al Qassimi the Crown Prince & Deputy Ruler of Ras Al Khaimah, we 129 129 2008 150 115 113 LICENSE perused the goal of making Ras Al 99 2009 87 78 Khaimah a regional hub for industrial 72 100 61 66 59 manufacturing, service sector & 46 36 Tourism. With this vision in mind, a 23 26 50 21 10 humble beginning was made by setting up RAK Ceramics in Ras up Khaimah in Al to April 0 p to up to up to 1991, which is presently the largest, Media Industrial Com ercial Consulting / m Trading M edia 006 2007 2008 2009 single, state-of-the-art, ceramic tile 11% Service manufacturer in the entire world with its 12 plants spread across the UAE, India, Trading Bangladesh, Sudan, Iran and China, 13% producing over one hundred million ust foursquare meter its tiles and 3 million years of of inception, RAKIA has attracted over USD 2.3 billion in industrial investments, powering an pieces of sanitary-wares annually, dented exporting to 135surge that has made Ras Al Khaimah one of the fastest growing emirates in the UAE and the economic countries.

184 178

167

The licenses RAKIA has issued show a remarkable balance among ke commercial companies, 26 per cent to industrial firms, 22 per cent to con Trading and media 2006 up to companies. RAKIA has also made significant inves knowledge based and technology companies. 2007
TYPE TREND

Industrial 26%

53

Consulting /

800 287 400 600 200 287 400 0 200 0up to No

NO

NO OF

150 100 100 50 50 0 0

115
21
21

78
78

129
26
26

129 61 61

66
66

72 113 59 72 10 59
10

up to up to up to April 2006 to 2007 to 2008 to 2009 April up up up up to 2006 2007 2008 2009

99 46 36 23 46 36 23

2009 2008
2009

Industrial
Industrial

Com ercial m
Com ercial m

Consulting / Service Consulting / Service

Trading
Trading

M edia
M edia

Within just four years of its inception, RAKIA has attracted over USD 2.3 billion in industrial investments, powering an Within just economic surge that has RAKIA has attracted over USD 2.3 billion growing emirates in the UAE and the unprecedented four years of its inception, made Ras Al Khaimah one of the fastest in industrial investments, powering an unprecedented economic surge that has made Ras Al Khaimah one of the fastest growing emirates in the UAE and the region. region. The licenses RAKIA has issued show a remarkable balance among key sectors – 28 per cent of licences went to The licenses RAKIA has issued to industrial firms, balance among key sectors 28 per cent of licences went to commercial companies, 26 per cent show a remarkable 22 per cent to consultancy &–service companies and balance to commercial companies, 26 perRAKIA has also firms, 22 per cent investments in&infrastructure to attract balance to cent to industrial made significant to consultancy service companies and world-class Trading and media companies. Trading and and technology companies. knowledge basedmedia companies. RAKIA has also made significant investments in infrastructure to attract world-class knowledge based and technology companies.
LICENSE TYPE TREND LICENSE TYPE TREND
LICENSE GEOGRAPHIC TREND LICENSE GEOGRAPHIC TREND

License Type trend
Media Media 11% 11% Trading Trading 13% 13%

Licence Geographic Trend
UAE UAE 15% 15% USA USA 3% 3%

Industrial Industrial 26% 26%

RUS-CIS RUS-CIS 2% 2% MISC. MISC. 6% 6%

INDIA INDIA 28% 28%

Consulting Consulting / / Service Service 22% 22%

Commercial Commercial 28% 28%

REST OF REST OF MIDDLE EAST MIDDLE EAST 22% 22%

ASIA/ SE ASIA ASIA/ SE ASIA 7% 7% EUROPE EUROPE 17% 17%

RAKIA's core mission is to develop and manage Industrial Estates including free and non free zones in Al Hamra area RAKIA's core mission is to develop and manage Industrial Estates including free and non free zones in Al Hamra area about 15 kms away from Ras Al Khaimah City and in Al Ghail, 40 kms away from Ras Al Khaimah City. about 15 kms away from Ras being offered to and in Al Ghail, and duty exemptions. Other key benefitsAl Khaimah Cityforeign investors 40 kms away from Ras Al Khaimah City.infrastructure developments in RAKIA has substantial investment in the

are 100 per cent corporate and personal tax exemption, 100% capital and profit repatriation; easy availability of labour; easy licensing procedures; excellent port facilities; and absence of foreign exchange controls, trade barriers and quotas. RAKIA is also in partnership with investors who prefer to invest in businesses based outside the free zones. It has also partnered with various international companies in strategic projects like DVD manufacturing, Chemicals, Diapers and Cements and Steel. RAKIA has attracted investment from all over the world in various industry segments. These industries are diverse and strategic and are in the areas of glass & table ware, float glass, vehicle assembly, steel products, building materials, electrical, rubber & plastics and food processing.

Saqr Sea Port. Being the engine of economic development in the emirate, Rakia is also piloting major investments in infrastructure, for instance power, as the emirate has embarked on long term power generation and distribution projects geared at securing its companies and residents, reliable power supply. Besides managing Industrial Parks, RAKIA also delivers a wide range of complementary services to ensure investors are able to maximise their investment potential. RAKIA offers investment advisory service and equity participation on selected projects, a key move that reinforces investor trust and confidence. RAKIA’s investor friendly policies and flexibility have certainly attracted an array of international brands including Guardian Glass, Arc International, Franke, Duscholux, Mitsui, Kludi, Becker Industries, Kempe and Ashok Leyland to name a few.

54

RUSSIA-CIS OTHERS 1% EUROPE 1% 6% UAE 35% ASIA-SE ASIA 6%

USA 1% UAE 35%

OTHERS EUROPE 2% 9% ASIA-SE ASIA 10%

REST OF ME 20%

REST OF ME 13%

top-shop, RAKIA proposes free zones to foreign investors who wish to avail full ownership of their INDIA y tax and duty exemptions. Other key benefits being offered to foreign investors are 100 per cent 31% nal tax exemption, 100% capital and profit repatriation; easy availability of labour; easy licensing port facilities; and absence of foreign exchange controls, trade barriers and quotas.

INDIA 30%

RAKIA PROFILE

Operating as a one-stop-shop, RAKIA proposes free zones to foreign investors who wish artnership with investors who prefer toRAKIA in businesses based outside the free zones. invest has partnered with various international companies in strategic projects like DVD manufacturing, Chemicals, Diapers businesses world, in various industry segments. and Cements and Steel factory. RAKIA has attracted investment from all over the and enjoy tax and duty exemptions. Other key benefits being offered to forei These industries are diverse and strategic and are in the areas of glass corporate andfloat glass, tax exemption, 100% capital and profit repatriation; easy availab & table ware, personal vehicle assembly, steel GEOGRAPHIC TREND-FREE rubber & plastics and food processing. procedures; excellent port facilities; and absence of foreign exchange controls, trade barriers products, building materials, electrical,ZONES MFG REND-INDUSTRIAL ZONES MFG
EUROPE USA Manufacturing Sector Trend- Industrial Zone 2% 1% 9% OTHERS

RUSSIA-CIS OTHERS 1% EUROPE 1% 6% ASIA-SE ASIA 6%

Manufacturing Sector Trend - Industrial Zone
UAE 35%

RAKIA is also make partnership with investors who prefer to invest in businesses based outs Manufacturing Sector Trend- Free Zone

REST OF ME 20%

Metal Products 30%

INDIA 31%

Food Wood Auto & processing products Related 2% 4% 2% REST Electricals OF ME 13% 7% Rubber & Plastics INDIA 7%
30%

ASIA-SE ASIA 10%

GeographicTREND-INDUSTRIAL ZONES MFG MFG Trend-Inustrial zone GEOGRAPHIC
Auto & Re late d Food 4%

GEOGRAPHIC TREND-

RUSSIA-CIS OTHERS 1% EUROPE 1% 6% Ele ctricals
4% Wood products 6% Rubber & Plastics 6% Building m aterials 11%

USA 1% UAE 35%

OT

M e tal Products 36%

proce s s ing 2% UAE 35%

ASIA-SE ASIA 6%

REST OF ME 20%

Chemicals 9%

with various international companies in strategic projects like DVD manufacturing, Chemicals, Diapers INDIA eel factory. RAKIA has attracted investment from all over the world, in various industry segments. INDIA 30% Chem icals Building Others Operating as a float glass, vehicle assembly, steel foreign diverse and strategic and are in the areas of glass & table ware, one-stop-shop, RAKIA proposes free zones to Othe rs investors who wish to avail full ownership of their 31% 11% materials 17% businesses and enjoy tax and duty exemptions. Other key benefits being offered to foreign investors are 100 per cent erials, electrical, rubber & plastics and food processing. 20% 22% corporate and personal tax exemption, 100% capital and profit repatriation; easy availability of labour; easy licensing procedures; excellent port facilities; and absence of foreign exchange controls, trade barriers and quotas. companies in strategic projects like DVD man RAKIA has partnered with various international ector Trend- Industrial Zone Manufacturing Sector Trend- Free Zone and Cements and Steel factory. RAKIA has attracted investment from all over the world, RAKIA is also make partnership with investors who prefer to These in businesses based outside the free and are in the areas of glass & table ware, float invest industries are diverse and strategic zones. Geographic Trend-Free zone MFG Manufacturing Sector Trend - Free zone products, building materials, electrical, rubber & plastics and food processing.
GEOGRAPHIC TREND-INDUSTRIAL ZONES MFG RAKIA has substantial investment in the Infrastructure developments in Saqr Sea Port. Being the engine of economic Auto & development in the Emirate, Rakia isRUSSIA-CIS also piloting major investments in infrastructure, for instance power, as the Emirate Re late d Manufacturing Sector Trend- Industrial Zone OTHERS has embarked on long term power Ele ctricals generation and distribution projects geared at securing its companies and residents OTHERS 1% Food 4% EUROPE USA EUROPE 1% 4% reliable power supply. 2%
ASIA-SE ASIA products Besides managing Industrial Parks, RAKIA also delivers a wide range of complementary services to ensure investors are ASIA-SE ASIA Food M etal 6% 6% UAE able to maximise their investment potential. RAKIA offers investment advisory service and equity participation on selected Wood UAE 10% Products Auto & processing Rubbe r & projects, a key move that reinforces the investors' trust and confidence. RAKIA’s investor 35% friendly policies and flexibility has products 35% 36% Plas tics Related 2% certainly attracted an array of international brands including Guardian Glass, Arc International, Franke, Duscholux, Mitsui, 4% 6% 2% Kludi, Becker Industrie, Kempe, Ashok Leyland to name a few. Electricals Metal REST OF ME
Building m ate rials 11% proce s s ing 2% Wood

Food Wood o & processing products ted 2% 4% % Electricals 7% Rubber & Plastics 7% Chemicals 9%

GEOGRAPHIC TREND-FREE ZONES MFG

Manufacturing Sector Tren

6%

1%

9%

20%

Products 30%

Others 17%

Others 20%

Che m icals 11% INDIA 31%

7%REST OF ME Rubber13% & Plastics 7% Chemicals 9%

proce s s ing 2% M e tal Products 36%

Auto & Re late d Food 4%

INDIA 30%

RAKIA has partnered with various international companies in strategicBuilding like DVD manufacturing, Chemicals, Diapers projects Others and Cements and Steel factory. RAKIA has attracted investment from all over the world, in various industry segments. materials 17% These industries are diverse and strategic and are in the areas of glass & table ware, float glass, vehicle assembly, steel 22% al investment in the Infrastructure developmentsproducts, Sea Port. Being the engine rubber & plastics and food processing. in Saqr building materials, electrical, of economic mirate, Rakia is also piloting major investments in infrastructure, for instance power, as the Emirate ng term power generation and distribution projects geared at securing its companies and residents Manufacturing Sector Trend- Industrial Zone Manufacturing Sector Trend- Free Zone

Othe rs 20%

55

dustrial Parks, RAKIA also delivers a wide range of complementary services to ensure investors are r investment potential. RAKIA offers investment advisory service and equity participation on selected

RAKIA has substantial investment in the Infrastructure developments in Saqr Sea Port.

financial houses, consultancies and several other new business ventures. Other RAKIA projects that have been designed to enhance the business environment within Ras Al Khaimah include a 65 MW power plant in Al Ghail and another 45 MW power plant in Al Hamra which have just been commissioned and put in operation. Apart from warehouses at Khorport, RAKIA furthermore is developing a warehousing complex of nine units in the free zone and ten within the non free zone in Al Hamra, with each unit having area of approx 10,000 sqm. The commercial centre, studio flats and labour accommodations are already in place.

Long term leases on land and other facilities are offered by RAKIA at the most competitive rates in the Emirates and the region. It is the combination of this price advantage and the quality of infrastructure and services that led FDI magazine of the FT Group to award RAKIA the 2009 ‘Best FDI destination in the Middle East’. Recently, RAKIA signed a memorandum of co-operation with The Bank of Baroda in a move that is greatly beneficial to investors in the emirate. Under the agreement, the bank will provide financing to firms for their projects within RAKIA’s free zone areas. RAKIA also has a rapidly growing portfolio of property projects that have been commissioned to provide complementary facilities and provide more lifestyle options to investors. The state-of-the-art RAKIA Business Towers that have just been completed in the Al Hamra region is a multi-storey complex that will house corporate offices for a wide array of clients, including IT firms,

RAK Offshore
RAKIA has also formed RAKOFFSHORE, another innovative initiative that establishes a true offshore facility and regularity body providing complete offshore non-resident business registration and financial services. Through registered agents, mainly well known law firms and chartered accountants or auditing companies, RAKOFFSHORE sets up International Business Companies that want to invest their funds in Ras Al Khaimah. More than 50 such agents are on board with 2500 companies. To make Ras Al Khaimah a truly lifestyle destination in the Gulf, a number of leisure and recreational facilities are now mushrooming across the emirate, including water-theme parks, amusement centres, flying clubs, golf courses and shopping centres – all of which complement Ras Al Khaimah’s plethora of natural attractions such as a captivating mountain range, sparkling beaches, unspoilt desert plain and even the pleasantly surprising stretch of greenery in the south.

56

RAKIA PROFILE

Major Companies in RAK
Arc International
Based in France, Arc International arrived in RAK to establish a production facility in the region for easier access to the surging Middle Eastern markets. It is one of the world’s top producers of glassware and stemware.

Pioneer Cement Industries
The Pioneer Cement plant has a one million ton per annum capacity and is a joint venture between RAKIA and the Indian company Penna Cement Industries Limited. The state-of-the art cement plant with latest technology and machinery to maintain high operational safety levels and high product quality with low energy consumption, has been set up in a record time of 16 RAK offers total economic and personal freedom and is one of the safest places to do business. It is strategically located with state of the art infrastructure and logistics support. The conversion costs of manufacturing are one of the lowest globally, which makes it highly competitive for manufacturing. Driven by the vision of His Highness Sheikh Saud of transforming RAK into an ideal place to live and work, the master plan offers a quality of life and environment to tourists and business people alike. RAKIA’s ongoing success largely reflects the Ras Al Khaimah Government’s own success in establishing reforms, instituting new laws and regulations and enforcing policies that are hospitable to local, regional or international investors. Ultimately, the government’s proactive support and involvement in the ongoing new economic development approach is aimed at raising the standard of living of both citizens and residents of the emirate, while ensuring long-term socioeconomic sustainability.
57
JBF RAK factory

months.

Resin Packaging chips plant in RAKIA. The cost of the plant would be around $84 million.

RAK Steel
A joint venture of RAKIA, is a new energy efficient and environment friendly steel rolling mill. The mill produces 5,00,000 tonnes per annum 8mm to 40 mm diameter ‘steel deformed reinforcement bars (REBARS) of international British and American standards.

Ashok Leyland
One of the biggest names in India, the company has set up their integrated assembly plant in RAK. The plant is to build 1000 buses per year in RAK is expected to start operation shortly. This will help ease demand for buses
RAKIA power plant

throughout the UAE. RAK has seen expansion into areas like industry, real estate, construction and tourism in recent years and to enhance it all, the government has been pursuing a strategy of promoting technological innovation.

Zamil Steel
Zamil Steel of Saudi Arabia is an example of a company based in the Middle East that has established a strong presence in RAK. One of the largest industrial groups in the Middle East, Zamil registered with RAKIA in 2005 and began production in 2006. The company manufactures pre-engineered buildings and galvanized steel for electricity towers. The pre-engineered structures are mainly used for construction projects’ show rooms, military bases, factories and temporary or semi-temporary structures.

Guardian Glass
This US based company established Guardian RAK with a production capacity of 700 tons of glass per day for use in automotive and construction applications, including high-performance coated glass.

JBF Industries
This Indian company has teamed up with RAKIA to set up Polyester PET
Ashok Leyland assembling plant

58

RAKIA PROFILE

CSEM
The CSEM-UAE innovation centre based in RAK, since 2005 is a joint venture between the government and the Swiss Research Centre, based in Neuchatel. CSEM-UAE is known for its works in renewable energy, with the centre displaying great expertise in solar power technologies and systems. The centre’s expertise now reaching well out of the emirate and even into outer space. The centre is involved in US’s Multi- Object Spectrometer for Infrared Exploration (MOSFIRE) project. This project is a highly specialised one and acts as a testimony to the centre’s international standing. It works primarily in the area of Renewable Energy, i.e. Solar Energy Applications, Solar Cooling and Environmental Applications (water etc.)

Investments, and a large group of UAE investors. FTI is currently the only digital data storage production facility in the Middle East.

EPLF Tech Park
Recently RAKIA and the Swiss Federal Institute of Technology (EPFL) have signed an agreement for the creation of a technology campus and to carry out applied research. This long-term agreement will begin a new era in this region undergoing rapid economic and scientific development. The project will create a university campus of the EPFL to provide educational opportunities at the university level and to develop advanced research programmes, especially for research in the environment and energy field.

Falcon Technology International (FTI)
FTI is a joint venture investment between Swiss-based PrimusTech

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List of Conferences, Meets, Forums, Exhibitions Participated/Attended
Events in 2009 (up to May)
• Forum for Swiss Foreign Trade & Investment – 2-3 April,2009 – Switzerland – organised by OSEC • Global Business Forum,2009 (20-24 April,2009) – Hanover, Germany – Organised by German BDI & Messee Hanover during the Industrial Fair of Hanover • MEDEF-RAKIA Forum, Paris, France, in May • Hanover Business Meet, Ras Al Khaimah in May

Events in 2008
• MEED Conference, Ras Al Khaimah in January • Singapore Business Council meet in Dubai in February • Indian Business & Professional Council (IBPC) in March in Dubai • Investor’s Meet with The Economist (UK) In London in March • Meet in Oslo, organised by Oslo Chamber of Commerce, Norway, in May • Composites Europe ,Germany, in September • FARO , Spain, in October • RAKIA- Economic Times Seminar, India, October • Russia Road Show, Dubai, November • EU- GCC Summit, London, November • MEMEX, Abu Dhabi, , November • BIG 5, Dubai, November • India Road Show in Kolkata, India • European Business Council • Indian Investor’s Meet in Ras Al Khaimah

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EVENTS

Events in 2007
• CII Partnership Summit, Bangalore, India, on 18-19 January • UAE-Japan Business Forum, Tokyo on 24-26 April • Business Leaders Meet, along with Morison Menon, Ras Al Khaimah, UAE, 25 June • Business Promotion in Indonesia in August • 1001 Arabian Nights, Berne, Switzerland, on 2nd October • World Business Forum, Milano, Italy, on 23-24 October • Road Show in Germany, Munich, Stuttgart & Düsseldorf along with Elite Management Services in cooperation with the local Chamber of Commerce of the region, on 19-20 November. • UAE –France Partnership Forum, Paris, France, 21-24 November. • Investor’s Meet with The Economist (UK) in Paris, 23 November • World Economic Forum, New Delhi, 2nd December • Business Leaders and CEO’s Meet along with Indian Business & Professional Council and Morison Menon, Sharjah, UAE, 8 December

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Eventful Years
The emirate has been abuzz with activity. From business events to factory openings and sporting events, Ras Al Khaimah has been steadily stealing the limelight
Euro Golf Cup, May 7, 2009:
The Ras Al Khaimah Investment Authority (RAKIA), the government body responsible for the socio-economic growth of the emirate, successfully held the RAKIA Euro Golf Cup 2009 tournament on May 7 at the Al Hamra Golf Club in Ras Al Khaimah. The friendly golfing competition brought together companies and business personalities for a leisurely day of sport, networking, and business transactions. Its sponsors included HSBC, African & Eastern, UAE Exchange Centre, JBF RAK, Ginox Food Systems, Pioneer Cements, Kempe Engineering, RAK Steel, RAK Media City and Al Hamra Real Estate. “Euro Golf provided a relaxed venue for members of the business community to interact and discuss potential deals that they would otherwise not consider in more formal settings. The tournament also promotes a friendly spirit of competition which reminds participants that although they represent various organisations, they share the same goals and contribute to the overall development of Ras Al Khaimah. It’s very important that we foster this kind of harmonious relationship among the emirate’s business organisations,” said Serge Guillaume, Executive Director, RAKIA. The games were played in a “Texas Scramble” format, with 64 players from all over the UAE displaying their golfing skills.

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EVENTS

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HH Sheikh Saud inaugurating the Guardian Glass factory

Sheikh Saud inaugurating the $50 million RAK Steel factory

Guardian Glass factory inaugurated, June 27, 2008:
Guardian Glass of USA established Guardian RAK with a production capacity of 700 tonnes of glass per day for use in automotive and construction applications, including high-performance coated glass.

to 40mm diameter in variable lengths of 6 to 18 metres to both British and American standards. The company uses superior process for manufacturing the re-bars.

Ras Al Khaimah (MEED) Conference January 27-28, $50m Steel Factory Opened , March 23, 2008
Sheikh Saud inaugurated the $50 million RAK Steel factory in Al Ghail. RAK Steel, a joint venture with RAKIA, is an energy-efficient, environmentfriendly mill that targets to manufacture 500,000 tonnes of deformed steel reinforcement bars per year. The establishment of RAK Steel comes at a time when the demand for steel is at an all-time high, thanks to the continued construction boom in the UAE and the Middle East region. The value of projects under construction in the UAE alone is estimated at $220 billion, while it is in excess of $800 billion in the GCC as a whole. A significant amount of this value will be for steel. Moreover, the Gulf Organisation for Industrial Consulting (GOIC) recently estimated that the UAE would use 44-66 million tonnes of rebar products over the next 15 years. RAK Steel produces re-bars from 8mm 2008 Organised by RAKIA in association with the Middle East Economic Digest (MEED), the conference witnessed the participation of distinguished decision makers, government officials, leading industry and influential investors from UAE and beyond, on one platform, to define the future landscape of the RAK economy. The conference, held at Al Hamra Fort Hotel, RAK was sponsored by leading companies like RAK Ceramics, Rakeen, Al Hamra Village and Real Estate, Amana Contracting & Building and KGL Ports International. The two day conference followed by a half-day workshop on ‘How to set up business ventures in RAK’ was attended by over 100 delegates. The conference explored the developments and involved an exchange of ideas on Emirate’s growth sectors e.g. Manufacturing, Leisure and Tourism, Real

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Sheikh Saud wih Dr. Khater Massaad and other dignitaries as part of audience at the Meed Conference

Estate, Infrastructure, Ports and Logistics, Energy, Banking and Finance and Aviation. Delivering the opening address at the conference, Sheikh Saud said that during the last four years, Ras Al Khaimah was trying to implement a new vision of governance where the government acts and performs as a business unit. Sheikh Saud said that the RAK government has, during the last four years, successfully implemented this new model of governance which has transformed the emirate, which five years ago was in debt, into a smoothrunning enterprise. “We have run a government that now has no external debt and has been running consistent budget surpluses over the past five years. In doing so, we have been able to invest in other sectors of the economy such as education, health and physical infrastructure”. He also noted that RAK’s GDP has been

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Audience at the Sharjah meet

Dr Khater Massaad CEO of Rakia and Advisor to Sheikh Saud, unveiling foundation stone for Naturelle LLC

growing on average at 12 per cent in the past four years. Last year alone saw GDP growth at 18 per cent. In his keynote address on ‘Development of RAK from Economic to Social Prosperity’ Dr Khater Massaad, CEO of RAKIA emphasised on the role of the private sector in the socio-economic prosperity of the emirate. He said, “Our government encourages development of the private sector and we believe that the role of the government is primarily to create the optimum environment for enterprise, planning and providing enabling infrastructures, utilities and services, and making sure that the government is an efficient and effective partner - supporting and empowering the private sector”. RAKIA had put up a stall to showcase the potential and advantages of Ras Al Khaimah and disseminate relevant information to facilitate investments.

sponsors at Radisson SAS Hotel in Sharjah. The one-day event was attended by over 100 top Indian businessmen and CEO`s mainly from Sharjah. The objective was to share the success and business opportunities available to investors in Ras Al Khaimah. Ras Al Khaimah is fast emerging as the ideal investment destination in the Gulf region, with the government providing an investor- friendly policy to business entrepreneurs, with particular emphasis on the industrial sector.

Dabur International Subsidiary , June 26, 2007
The foundation stone for Naturelle LLC, the subsidiary of Dabur International LLC was unveiled by Dr Khater Massaad, CEO of RAKIA . Various local dignitaries, including senior officials of RAKIA, were present on this occasion. The brief event at the site was followed by a presentation on the history and strategic growths of Dabur India Ltd., the promoter company, by Raghunandan, CEO Dabur International Ltd., and a brief Project Plan by Subba Rao, the Project Manager. Dabur India Limited is one of the leading FMCG companies in India, with interests in health care, personal care and food products. The company registered a sales turnover

Business Leaders and CEO’s meet,
Sharjah, December 8, 2007 A CEO`s meet was organized by RAKIA with Indian Business Council, Sharjah and Morison Menon Chartered Accountants (MMCA) as the

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Dr Khater Massaad at the Business Leader and CEO’s meet

Shaikh Saud at the inauguration of the RAK Half Marathon.

of over $530 million in the year 2006-07. Naturelle LLC manufactures cosmetics like hair oils, creams, shampoos and toothpastes.

event of its kind in the country. It’s a great honour and we look forward to seeing the world’s best compete at the RAK International Half Marathon.” Highlighting the role of the sponsors and partners, he added: “The support that you have accorded to the race will go a long way in promoting RAK as a unique and exciting sporting destination, complementing the resurgence of the tourism andthe property growth currently witnessed in the emirate.

Business Leader and CEO’s meet
at RAK, June 25, 2007: A high level Business Leaders and CEO’s Meet was organized by RAKIA with Morison Menon Chartered Accountants (MMCA) and Khaleej Times as the co-sponsors. The Business Leaders and CEO’s meet was held at Al Hamra Fort and Beach Resort Hotel in Ras Al Khaimah. This one- day event was attended by over 100 top businessmen and CEO’s from UAE and abroad. The objective was to share the success and business opportunities available to investors in Ras Al Khaimah. As part of the event, the participants paid a courtesy visit to the Palace, where they had a royal audience with Sheikh Saud. The event ended with a visit of the investors to the Al Ghayl Industrial area.

Zamil Steel sets base, April 2007
Dammam-based Zamil Steel, a global leader in the design and manufacture of pre-engineered steel buildings (PEBs) commissioned their plant in RAKIA Free Zone. Sheikh Saud inaugurated the new factory, which has a capacity of 40,000 metric tonnes per annum of pre-engineered steel buildings, open web steel joists and floor decking. The second phase of the factory adds an additional 12,000 metric tonnes per year of steel lattice towers. Sheikh Saud said, “The Government of Ras Al Khaimah is being led by the vision to put in place a simplified and hassle-free business environment that would help entrepreneurs realise their full potential in the emirate.” The new facility, set up on 250,000 square meters of land leased by the company in the RAKIA Free Zone, is equipped with the latest and most advanced technology available. Dr Abdul Rahman Abdullah Al Zamil, Chairman, Zamil Industrial

RAK Half Marathon 2007
Sheikh Saud inaugurated the RAK Half Marathon in which 668 male runners and 347 female runners participated and celebrated the spirit of Ras Al Khaimah and its support for social and charitable causes. Welcoming the international athletes to Ras Al Khaimah, Sheikh Saud said: “Ras Al Khaimah is privileged to host world-class athletes at the first international sporting

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The ultra-modern Logistics Park located at the heart of the fast-growing industrial zone has a warehousing space of 2,500 square metres plus a 12-metre-high fully racked warehouse which is capable of storing and distributing around 10,000 cubic metres of cargo. The new Inland Container Depot is spread over 20,000 square metres and is equipped to handle 1,500 TEUs. Sheikh Saud said that the new facility would considerably enhance the logistics infrastructure of Ras Al
Sheikh Saud during the inaugural ceremony of ZamIl Steel at the RAKIA Free Zone

Khaimah, thereby adding to its competitive advantages on the industrial and manufacturing front. “RAK today has a state-of-the-art container terminal and boasts the best bulk handling port in the region. We are also going ahead with the

Investment Company (ZIIC) said that setting up of the RAK plant was an important step in Zamil Steel’s ongoing global expansion initiative. “Ras Al Khaimah was chosen specifically due to its strategic location to some of our important markets and to assist our Saudi Arabian factories on meeting the increasing demand in the UAE and surrounding markets,” he added. “We are proud that today this factory joins Zamil Steel’s global chain of factories including six in Saudi Arabia, two in Vietnam and one each in Egypt, India and China,” he said. Zamil Steel manufactures a total 250,000 metric tonnes of fabricated steel per year of low rise and high-rise steel buildings and structures for industrial, commercial, agriculture, aviation, entertainment and military applications and support of infrastructure and development projects. Its products are sold in more than 80 countries through a network of sales and representative offices.

development of the RAK Port and the Al Jazeera Port,” he said, adding that these developments would boost the logistics infrastructure of the emirate tremendously. In its less than three years of operations, RAK Global Logistics (RGL) has been able to establish itself as a leading player in the logistics industry.

RAK Global Logistics opens units, April 2007
Shaikh Saud inaugurated the RAK Global Logistics Park and Inland Container Depot set up by RAK Global Logistics LLC, a joint venture between RAK Ceramics PSC and Global Cargo System Ltd. in RAKIA Industrial Zone.

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INITIATIVES

Vision of Success
HH Sheikh Saud bin Saqr Al Qasimi has a clear vision of the future, the mission to excel and the will to conquer newer horizons, all of which has led to Ras Al Khaimah’s success

R

Mohammed A Al Mehrizi,

as Al Khaimah has undergone a transformation after H H Sheikh Saud took over as Crown Prince and Deputy Ruler of the emirate. The changes occurred at various stages, be it policy, governance, legal reform, infrastructure, strengthening the existing

has an area of about 742 mts of area and receives ships with a capacity of 5000 livestock each. It has about 40 warehouses of medium size and even has a testing laboratory for animals. The livestock includes sheep, goats and cows primarily for meat and come from Iran and Somalia. “We have plans to make RAK a livestock auction market that will serve as a link to the hospitality industry of the UAE. We want that RAK should be recognised for quarantine,” he says. While the expansion on RAK Port is complete, Khor Khuwair Port has a 5kms harbour that will be 2/1/2 kms on each side and it will serve companies located on either side. Each of these seaports has its own features, capabilities and potential. Al Jazeera Port is a multi purpose port and could be extended for container handling if need be, while Mina Saqr has eight deep water berths, each 200m long, and is dredged to 12.2m. Mina Saqr’s geographical position makes it an ideal port for transshipment operations.

capacity of various government departments, adding to the current status of ports etc. Mohammed A Al Mehrizi, General Director, Customs and Ports Department, Government of Ras Al Khaimah, states that the proactive government has been responsible for the development of the emirate and in that way inspiring several of the other government departments to excel in their respective areas of expertise. The latest addition to the list of ports is the Al Jeer Port that is exclusive to livestock. “The Customs and Ports Department is investing in the Al Jeer Port that will specialise in livestock. The Al Jeer Port takes its name from the Al Jeer area that is located in the UAE – Oman border, 100 mts away from Oman and has the capacity to deal with 30,000 livestock at a time. It

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Spreading its wings

RAKEEN

RAKEEN

Flooring The World

Freight Forward

Integrated Growth

Spinning its Web

Moving out of the comfort zone

VENTURES

Powered For Success

VENTURES

Steely Resolve

Glued to Innovation

VENTURES

Engineering Success

On a Firm Footing

Rock On

RAKIA PROFILE VENTURES

Energy Resources

EDUCATION

Superior Scholastics

EDUCATION

EDUCATION

Healthy Living

HEALTH AND WELLNESS

HEALTH AND WELLNESS

Iconising Lifestyle

LIFESTYLE

Al Hamra Village

LIFESTYLE

Al Hamra Golf Course

Al Hamra Mall

It’s boomtime in RAK

TOURISM & HOSPITALITY

TOURISM & HOSPITALITY

From nature to culture

TOURISM

TOURISM

TOURISM

TOURISM

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