Economy Local January 24, 2025

Memorandum of Understanding to Enhance Business Services in Ras Al Khaimah

The Ras Al Khaimah Economic Zone Authority has signed a memorandum of understanding with the Economic Development Department to enhance business services provided to companies in the emirate.


Memorandum of Understanding to Enhance Business Services in Ras Al Khaimah

The Ras al-Khaimah Economic Zone (RAK EZ) signed an agreement with the Department of Economic Development of Ras al-Khaimah aimed at improving business services provided by companies in the emirate.

The agreement is directed towards expanding the services provided, which will enhance the attractiveness of Ras al-Khaimah for investors. In accordance with the memorandum, RAK EZ and the Department of Economic Development will collaborate in the area of policy development, support programs, and the sharing of experiences to ensure a favorable environment for business.

"This agreement signifies our commitment to collaboration and strengthening the partnership between us and the Department of Economic Development, in order to maintain the growing business community in our zone," noted the Chairman of RAK EZ.

It is expected that this partnership will optimize the processes of company registration, licensing provision, and other business services, which contributes to attracting new investments into the economy of Ras al-Khaimah.