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Special Report 37
that, the national employees have been on regular training
courses in the UAE and outside it.
Commenting on the RAK FTZ key accomplishments, El Omari
said RAK FTZ was presented with two prestigious awards -'The
Best Emerging Free Trade Zone' 'Young Achiever Award'
presented to HH Sheikh Faisal bin Saqr Al Qasimi, Chairman of
the RAK FTZ at the Middle East Logistics Awards 2006 (Mela)
during its first annual ceremony. These two awards were
presented for performance excellence and in recognition of the
industry's best practices. The Advisory Committee of the Mela
comprised of international advisors and consultants and headed
by: 'Juan Torrents', President, World Federation for Free Zones
(FEMOZA), Geneva, Switzerland.
RAK FTZ has also been presented with the silver trophy in the
UAE Government Category at the Sheikh Hamdan bin Rashed Al
Maktoum Web Awards. The RAK FTZ website clearly proved to
be well-designed, user-friendly and informative website that is
believed to be a key marketing tool for the zone.El Omari said the
zone's website www.rakftz.com is a one-stop shop for clients to
apply online to register their businesses.
The RAK FTZ has successfully attracted major real estate projects
to the emirate to push the national economic progress ahead. El
Omari said the zone in cooperation with a group of investors have
launched Emirates Flag, a cluster of 7 complex presenting the 7 emirates
worth Dhs 7 billion to be set up in Ras Al Khaimah. Ta'asees, has also
launched the Airport Towers in Ras Al Khaimah worth Dhs 1 billion.
El Omari said RAK FTZ has a strategic plan for the year 2007
based on attracting commercial and industrial investments. The
zone offers tremendous opportunities for investors in diverse
sectors like IT, tourism, industry, health care and education. Ras
Al Khaimah is currently implementing a comprehensive master
plan for development which would enable the emirate to attain
rapid and sustainable growth in all sectors.
He stressed that the RAK FTZ's guiding principle in attracting
foreign entrepreneurs has been to adopt simplicity of procedures
and putting in place a pro- investment business environment. El
Omari said the RAK FTZ aims at achieving 35 per cent growth in
2007 and enhancing the services and facilities to attract major
international companies.
He said the zone has already constructed 400 new warehouses of
different sizes which suit all types of businesses provided with
state of the art infrastructure and facilities as part of the zone's
expansion plan at the Business Park and the Industrial Park. On
an area of 24,000 square meters, the zone has also constructed
residential units at the two parks for employees.
El Omari said construction in a new nine-storey Business Center
is underway to cope with the increasing demand for getting registered
with the zone. The centre that is based next to the premises of the
RAK FTZ will be operational by the beginning of the coming year.
Supply Chain & Logistics Group | www.sclgme.org