RAK free zone woos Spanish investors
Madrid, July 2, 2014
Ras Al Khaimah Free Trade Zone hosted seminars recently for Spanish investors in Madrid, Bilbao and Barcelona highlighting oppotunities to expand thier companies into fast-growing global marketing by setting up businesses in the free zone.
Peter Fort, CEO, said: “The Ras Al Khaimah Free Trade Zone is the perfect home for Spanish investors who are looking to expand their operations into the Middle East, because we offer the most cost-effective and flexible business solutions in the region, along with a nurturing and politically stable investment environment.
“Not only does RAK FTZ offer top-notch facilities, award-winning service, and ongoing business set-up support to meet the needs of each individual company, it also does so at a lower cost than its competitors, allowing companies to maximise their profits.”
Sultan Ali Al Harbi, Consul General of the UAE in Barcelona, addressed the Spanish business owners during a welcome speech at the RAK FTZ seminar in Barcelona.
The seminar, like the other ones in Madrid and Bilbao, offered tips on ‘Doing Business in the UAE’. Several investors who attended the seminars expressed a strong interest in setting up companies at RAK FTZ.
“The UAE – and Ras Al Khaimah in particular – provides a cost-effective, economically and politically secure gateway for Spanish companies to access fast-growing markets in Africa, the Middle East, South Asia, and across Europe. It also allows investors to easily tap into the trade flows between East and West,” Al Harbi said.
In addition to connecting with investors in Spain, RAK FTZ also established contacts there with Joaquim Llimona I Balcells, director of International Relations – City Council of Barcelona; and
Iban Rabasa I Benavent, Director General for Foreign Affairs – Government of Barcelona.
The UAE is among Spain’s major trading partners in the Gulf region, owing to zero taxes, economic resilience, advanced infrastructure and strategic geographical location.
The economic relations between the two countries have been bolstered in recent years by a rising number of trade missions and high-level official visits to each country. More Spanish companies have established a presence in the UAE, and UAE investments in Spain have witnessed sustained growth. - TradeArabia News Service