Rakez highlights role of industrial zones in UAE manufacturing sector
RAS AL KHAIMAH, June 3, 2023
Ras Al Khaimah Economic Zone (Rakez) successfully took part in the second edition of the Ministry of Industry and Advanced Technology’s (MoIAT) “Make it in the Emirates” Forum held recently.
The two-day event brought together industry leaders, government officials, and prominent stakeholders to discuss the role of industrial zones in driving economic progress.
The forum aims to position the UAE as a preferred hub for emerging industries on a global scale and promote local production by attracting investors, innovators, and developers, who can enjoy a world of perks and opportunities provided within the UAE ecosystem.
Rakez Group CEO Ramy Jallad who was a key panelist at the forum, discussed the role of industrial zones in attracting local and foreign investors.
He also shared insights and forward-thinking perspectives on leveraging industrial zones to propel the growth of the UAE's manufacturing sector.
Highlighting the country’s unique value propositions, Jallad said: "The UAE's secret formula is a blend of ambition, strategic positioning, and unwavering support for businesses. We have built a business-friendly ecosystem, quickly customising solutions for both SMEs and large manufacturers."
"Our approach is diligent and understanding, aiming for transparency, ease of regulations, and a plug-and-play environment," he stated.
During the engaging panel discussion, Jallad emphasised on the vital role that industrial zones play in economic diversification and their potential to attract local and international investments.
"Specialised industrial zones are ideal incubators for industrialists driving the UAE's non-oil economic transformation. Rakez supports industrial companies by offering robust infrastructure, access to global supply chains through logistical hubs and ample growth opportunities in a business-friendly ecosystem," he stated.
Jallad lauded the economic zone's agility in packaging all the right elements that investors need for their business set-up, operational sustainability and growth in the region.
"Investors today are smart and very much capable of conducting their own research when it comes to where and how to set up. Our role here is to market what the UAE has to offer to the industrialists, simplify their navigation and welcome them into our supportive business community," he stated.
According to him, Rakez's participation in the forum further solidified its commitment to the national industrial strategy Operation 300bn of facilitating business growth and driving economic diversification.
By engaging with fellow industry leaders, entrepreneurs, and government officials, it explored new collaborative opportunities to advance the UAE's industrial sector and promote the country as a thriving business destination, it added.-TradeArabia News Service
