RAKAI Acheives $680 Million in Industrial Investments - UAE

Date: 29 June 2006
Source: Menafn.com

Date: 29 June 2006

According to RAKIA figures, around $680 million in industrial investments has been attracted by the Ras Al Khaimah Investment Authority (RAKIA) in its first year of operation, Gulf News reported.

The new investments are expanded over the RAKIA Free Zone and the Industrial Sector; around 70 percent of the Free Zone land and 80 per cent of the Industrial City have been leased.The transparent and positive business culture has attracted the interest of big-ticket global investors who are now queuing up to make RAK their industrialized base.Some of the benefits that RAKIA presented are easy licensing procedures, world-class infrastructure facilities and availability of land.Among the global industry majors, which have started operations in RAK, include Guardian Industries that is setting up a $115 million float glass plant and Falcon Technologies International, which has set up a hi-tech DVD plant.Read the enitre news on the source link below.According to RAKIA figures, around $680 million in industrial investments has been attracted by the Ras Al Khaimah Investment Authority (RAKIA) in its first year of operation, Gulf News reported.

The new investments are expanded over the RAKIA Free Zone and the Industrial Sector; around 70 percent of the Free Zone land and 80 per cent of the Industrial City have been leased.

The transparent and positive business culture has attracted the interest of big-ticket global investors who are now queuing up to make RAK their industrialized base.

Some of the benefits that RAKIA presented are easy licensing procedures, world-class infrastructure facilities and availability of land.

Among the global industry majors, which have started operations in RAK, include Guardian Industries that is setting up a $115 million float glass plant and Falcon Technologies International, which has set up a hi-tech DVD plant.

Read the enitre news on the source link below.
600450 RAKAI Acheives $680 Million in Industrial Investments - UAE glassonweb.com

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