Economy Local January 29, 2025

Economic Activity Report for 2024 Released

A report from the Department of Economic Development in Ras Al Khaimah has shown the results of business activity for 2024, indicating significant trends and insights.


Economic Activity Report for 2024 Released

Recently published report, prepared by the Department of Economic Development of the Emirate of Ras al-Khaimah, presents the results of business activity for 2024. According to this data, in this year the number of registered companies in Ras al-Khaimah increased by 10% compared to the previous period.

The main sectors that showed significant growth include the information technology sector, healthcare, and education. This indicates a gradual, steady development of the economy of the region in line with its diversification strategy.

"We see stable growth in important sectors of the economy of Ras al-Khaimah, which indicates the attractiveness of the region for business. This reflects our efforts to attract investments and support entrepreneurial activity," - commented the representative of the department.

In addition, the report emphasized the increase in the volume of exports of goods and services from Ras al-Khaimah over the past year. According to analysts, this indicates an increase in the competitiveness of local products and services in the global market.