RAKEZ to Engage Over 120,000 Attendees at the Pakistan International Trade Fair. Ras Al Khaimah Economic Zone continues to go global with its upcoming participation at this year’s Pakistan International Trade Fair (PITF), one of the biggest consumer and trade fair happening in Expo Centre Karachi in Pakistan from 26 to 29 October 2017.
Expected to gather over 120,000 visitors and 16,000 exhibitors from 20 different countries, RAKEZ will capitalise on the event’s large-scale attendance to tap into expanding players in the field of construction, automobile, chemical, pharmaceutical, and textile, among others.
“Over the years, investors from Pakistan have been consistently very active in the United Arab Emirates (UAE) market.In 2014, investments by Pakistani nationals in the UAE reached $23 billion, and most of them are heavily investing in the country’sproperty market,” said RamyJallad, Group CEO of RAKEZ, RAK Free Trade Zone and RAK Investment Authority. “However, the UAE, particularly RAKEZ, presents boundless investment opportunities not only in real estate but in over 100 industries – this is just in addition to the range of incentives that we provide to our clients, such as bespoke facilities, first-class services and simplified business set-up processes. We are very eager to interact with local investors during the Pakistan International Trade and offer them a sneak peak of what RAKEZ has to offer.”
Jallad also noted that from the over 6,000 Pakistani companies currently active in the UAE, around 610 are flourishing in the ecosystem of RAKEZ. “Pakistan has always been among our major investors in RAKEZ, and in fact, they are among our top 5 well-represented nationalities in RAKEZ,” he said.
Among the economic zone’s success stories from Pakistan are: Adroit Factory FZC, a top class manufacturer and distributor of high quality edible oil products in the Middle East; Modern Fence FZC, a gabion manufacturer; and VSF Logistics FZE, a company that provides logistics, cold storage, refrigerated logistics, as well ascustomised logistics.
“We chose RAKEZ due to its flexible rules and regulations and excellent, ongoing support from economic zone’s professionals, providing us wit a seamless business set-up experience,” Adnan Asad, VSF Logistics FZE’s owner. “What’s more impressive was its full range of ready-made facilities. RAKEZ provided us with the best possible solutions for the unique warehousing needs of our company.”
RAKEZ’s expert business development team will be available throughout the three-day event at stand D21, Hall 4, to provide insights about the benefits of choosing RAKEZ as a launch point to enter the lucrative Middle East market. One-to-one business discussions will also be held.
About Ras Al Khaimah Economic Zone (RAKEZ):
RasAl KhaimahEconomic Zone (RAKEZ) is an authority established by the government of Ras Al Khaimah to oversee, regulate and consolidate the services, facilities and zones of Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA), and serves their respective clients. Established in 2017, RAKEZ builds on 17 years of consistent value generation by RAK FTZ and RAKIA.
RAKEZ offers its clients easy access to local markets of the UAE, in addition to growing markets of the Middle East, North Africa, Europe, and South and Central Asia.
The authority offers free zone and non-free zone licences through RAK FTZ and RAKIA for companies operating in diverse industry sectors including, manufacturing, consulting, trading, logistics, academic, media and many more.
RAKEZ currently hosts over 13,000 companies from entrepreneurs and startups to SMEs and manufacturers covering over 50 industries from over 100 countries. Through its five specialised zones including RAKEZ Business Zone, Al Hamra Industrial Zone, Al Ghail Industrial Zone, Al Hulaila Industrial Zone and RAKEZ Academic Zone, it offers a wide range of customisable and cost-effective solutions for existing clients and potential investors. All clients have access to three local offices in Ras Al Khaimah, Dubai and Abu Dhabi, and international offices in India, Turkey and Germany.
A leading economic zone, RAKEZ, aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.
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