On the note of cost-effectiveness, RAKEZ provides optimal industrial solutions at a rate that is up to 50% lower than elsewhere in the region. Manufacturers enjoy vast advantages, such as choice of free zone and non-free zone formations, fast-track and simplified processes, and comprehensive support services in a one-stop shop
At the northernmost of the United Arab Emirates lies Ras Al Khaimah, the emirate that is home to some of the world’s leading manufacturers, and Indian industrialists are no strangers to this side of the world. In fact, over 3,300 Indian businesses are flourishing in the emirate’s fast-growing investment hub, Ras Al Khaimah Economic Zone (RAKEZ) – and of this number, 300 are manufacturers.
Ashok Leyland, Dabur and Mahindra are just among the largest Indian manufacturers based in RAKEZ’s three industrial zones. But what makes RAKEZ such a magnet for Indian companies?
RAKEZ, being in Ras Al Khaimah, is blessed with a strategic location that serves as a gateway to the Middle East, North Africa, Europe and Asia markets. This is perfectly complemented by Ras Al Khaimah’s substantial land, sea and air logistical infrastructure, making importing and exporting goods to and from the rest of the world easier, faster and cost-effective.
On the note of cost-effectiveness, RAKEZ provides optimal industrial solutions at a rate that is up to 50% lower than elsewhere in the region. Manufacturers enjoy vast advantages, such as choice of free zone and non-free zone formations, fast-track and simplified processes, and comprehensive support services in a one-stop shop. Most importantly, RAKEZ provides Indian manufacturing companies with the right facilities to expand their operations to the Middle East.
Warehouses at RAKEZ are customisable. Manufacturers can begin operating from a small warehouse and then eventually expand their floor space as the business grows. For larger enterprises, RAKEZ offers land plots of unlimited sizes where facilities can be built according to the company’s needs. On-site accommodations are also offered, allowing companies to save on staff and labour transportation expenses.
For Rajiv Gupta, CEO of Mahindra Emirates Vehicle Armouring, the economic zone’s cost-effectiveness was a major selling point. “It’s very important to find a cost-effective business environment to be able to survive in the competitive area, and this is what RAKEZ provides to us. Another factor we admire is the ease of operation. The economic zone practices an open-door policy, which made it very easy for us to meet and consult with their professional team throughout the formation phase. All of these qualities of RAKEZ have been very effective in helping grow our business.”
The economic zone continuously witnesses a surge of enquiries coming from the Indian business community. Just this year, it received over 11,000 leads, and of which, 700 went on to start their business with RAKEZ.
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Engineering Review – Bearing Special October 2019
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