RAK FTZ encourages Malaysian investment
Ras Al-Khaimah, August 24, 2014
Ras Al-Khaimah Free Trade Zone (RAK FTZ), is offering business-friendly investment opportunities for Malaysian companies to expand into the Middle East, Africa and Europe, said Peter Fort, CEO.
RAK FTZ, one of the fastest-growing free zones in the UAE, is home to over 7,500 companies from more than 100 countries, representing more than 50 industry sectors, a statement said.
“The UAE has become a leading global destination for investors from Malaysia, and RAK FTZ in particular is a leading hub of the industrial manufacturing sector that Malaysian investors prefer,” Fort said.
“This strong trade partnership is the result of the UAE’s political stability, sound economic policies, business-friendly regulatory environment and zero tax regime. Within the UAE, RAK FTZ provides a safe, secure, flexible, and cost-effective investment environment that empowers Malaysian companies to maximise their return on investment,” he said.
Fort led the seminar in Kuala Lumpur at the courtesy of the UAE Embassy and the Malaysia External Trade Development Corporation (MATRADE), a network of enterprises that promotes the export of Malaysian goods and services overseas, the statement said. – TradeArabia News Service