According to a report on free zones in the UAE, more and more Chinese companies are showing strong interest in investing in the country. The report pointed out that Ras Al Khaimah Free Zone (RAKEZ) has been a popular destination for Chinese companies to set up business and seek strategic investment opportunities in the UAE.
Earlier this year, the economic zone successfully conducted business visits to major Chinese cities and received many Chinese business delegations from different industries, including construction, manufacturing, electronic products and engineering.
RAMY JALLAD, CEO of Rakez Group, stated that “the growing interest of Chinese investors in the United Arab Emirates further strengthens our efforts to strengthen our relationship with global investors and promote mutual beneficial cooperation between both parties.”
The long-term partnership has boosted the economic prosperity of the UAE and China, with China now becoming the UAE's largest non-oil trading partner and its third-largest foreign investor.
For RAKEZ, China remains an important market.
He added: "As the UAE actively strives to increase the scale of bilateral trade to $2030 billion by 2000, it becomes even more important to establish business relationships with more Chinese companies."
RAKEZ currently has more than 400 Chinese corporate customers, ranging from small businesses to medium-sized enterprises (SMEs) and large industrial enterprises.
The diversity of Ras Al Khaimah and the breadth of the UAE economy are reflected in the development of the country’s business sector.With the development of the economy, more and more companies are choosing to set up headquarters or branches in Ras Al Khaimah, which has also made Ras Al Khaimah one of the business centers in the UAE.This year, RAKEZ has attracted significant investment from a number of Chinese companies, including Maxtron Show Lighting.This is a manufacturer of computer-controlled programmable LED lighting systems and video screens. Its products are widely used in various occasions, including performances, exhibitions, commercial buildings, etc. Maxtron Show Lighting has rich experience and expertise in the field of LED lighting systems. Its products are widely used in various occasions, including Dubai International Airport, Dubai Burj Al Arab Hotel, Dubai International Airport in the United Arab Emirates, Kuwait and Qatar National Pavilion, etc.In addition to Maxtron Show Lighting, RAKEZ has also attracted investments from other Chinese companies, including electric vehicle manufacturer BYD, mobile phone manufacturer vivo, and real estate developer Greentown.The participation of these investment companies not only promotes the economic development of Ras Al Khaimah, but also provides Chinese companies with a broader market and a more diversified investment environment.
RAKEZ is committed to driving economic growth, strengthening internal investment, and providing enterprises with an efficient and flexible ecosystem to help them thrive.
