The Economic Development Department of Ras Al Khaimah (RAK DED) recorded a jump of five per cent in number of valid licences in the first half of 2022.
Ras Al Khaimah has seen how Dubai has grown into one of the most promising emirates and has now taken all initiatives to become the next sought-after destination both for business and tourism in UAE, Sheikh Ahmed bin Faisal Al Qassimi, member of the ruling family of Ras Al Khaimah, told Khaleej Times in an exclusive interview.
As a founder of Al Qassimi Group of Companies and Investments, Al Qassimi is currently growing his businesses in different sectors with investors wishing to launch their businesses in the UAE, GCC and globally.
“We primarily focus on health care, sports, tourism and technology. And all these projects are multimillion-dollar projects with significant importance in planning and execution. We would also be focusing on agriculture as food security has become important for all countries,” said Al Qassimi.
Al Qassimi is currently gearing up for a busy 2023 and catering to some solid projects that have taken off. “We are working on setting up the World’s Biggest Film city in RAK, which would be the only one-stop solution for the needs of the global film fraternity. In this Film, the city will have representations from over 190 countries portraying their culture and art. We are already in discussions with various global players and will be concluding on the design by the end of 2022. we expect the project to commence work by H2 2023,” said Al Qassimi.
“Pharma-city is another state-of-the-art project that is being planned in the beautiful emirate of Ras Al Khaima. It is an exclusive city that would be developed only for Pharmaceutical companies. They can set up their manufacturing facilities, warehousing, logistics, labour camps, staff quarters, malls, recreation facilities and other related infrastructure to cater to the pharma community at large,” added Al Qassimi.
To boost RAK as a tourism destination, Al Qassimi’s Private Office is planning to set up a wildlife sanctuary with all the activities you normally have in a sanctuary in Africa or other continents across the world. And as UAE is geographically well placed, people to reach here from across the world would be much easier. This is planned to start by H2 2023.
Al Qassimi is also focused on sports and healthcare in 2023 and is working on the ambitious project of setting up a sports academy in RAK that will support sports like football, cricket, golf, basketball, swimming, tennis, athletics and skating, to name a few. Also, an Ayurveda resort of a start category is in the plan.
In addition to mega projects, Al Qassimi will also focus on supporting SMEs and startups by handholding them in their journey. “We will have a team who will review the startups and support those with unique ideas to ensure their dreams are fulfilled,” he said.
The pace of innovation in the UAE is ever-evolving, and the emirate has firm plans to shape its future to foster growth and innovation. And the businesses in UAE are helping to shape the future, pointed out Al Qassimi.
In under 50 years, UAE has undertaken a remarkable transformation into one of the world’s most dynamic economies through a pragmatic approach to growth that is future-proofed and resilient. The RAK government’s business-forward outlook and forward-thinking approach will open up business opportunities and make RAK a better place to live.
The UAE today is a global hub for business and the future economy and a magnet for the world’s brightest minds, who come here to launch initiatives, explore the challenges of the future and convert them into opportunities for sustainable development. RAK government is also poised to become an emirate of excellence in foreseeing the future.
The Economic Development Department of Ras Al Khaimah (RAK DED) recorded a five per cent jump in the number of valid licences in the first half of 2022. The department’s report highlighted that professional licences accounted for 49 per cent of the total, numbering 8,986, followed by commercial licences, which accounted for 48 per cent at 8,8829, and then industrial licences.
The department issued 873 new licences in the first half of 2022, valued at Dh145 million. The total number of renewed licences in the first half of 2022 was 6,947, compared to 6,606 during the same period in 2021, a rise of 5.2 per cent, while the number of cancelled licences decreased by 11.3 per cent to 469, compared to 529 in the first half of 2021.
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