Economy Local April 20, 2025

Economic Growth in Ras Al Khaimah | Ours Abroad News

The Ras Al Khaimah Economic Zone (RAKEZ) has achieved significant growth, attracting more businesses and investments, boosting the local economy.


Economic Growth in Ras Al Khaimah | Ours Abroad News

In the framework of industrial diversification, the turbine plant is an important element of the Haidarakana strategy for increasing local production of energy-efficient technologies. The plant will produce turbines for various purposes, including their use in agriculture and pumping stations. This project also contributes to the Emirate's plan to achieve sustainable development goals and reduce emissions of greenhouse gases. "The enterprise will contribute to the growth of our industrial sector and create new jobs. It will also ensure the Emirate's energy independence and help it become a center of sustainable technologies," said a representative of "RAKIZ". The turbine plant will further be a testimony to RAKIZ's commitment to making Ras al-Khaimah not only a tourist destination but also a center of industrial and economic activity.