RAKEZ achieves record growth in 2024

Ras Al Khaimah Economic Zone (RAKEZ) said on Sunday 13,141 companies have joined with them in 2024.

It represents 66 per cent growth in new registrations compared to 2023 and RAKEZ is now home to nearly 30,000 multinational companies.

The growth has been driven by commercial activities, including general trading, e-commerce, and related businesses, which together accounted for 53 percent of new company registrations.

Consultancy followed as a key contributor at 24 per cent, with other sectors including media and marketing services, wholesale trading, and manufacturing, among others.

“Over the past five years, RAKEZ has welcomed double the number of companies to its flourishing business community, reflecting the growing appeal of Ras Al Khaimah as a hub for innovation and global trade,” said Ramy Jallad, Group CEO of RAKEZ.

“This growth highlights our commitment to offering tailored support, streamlined services, and an enabling environment where businesses can expand and reach their full potential. As our community continues to grow, we remain focused on fostering long-term success and unlocking new opportunities for businesses of all sizes and sectors.”

India led the way as the top source of new businesses, while a large number of investors also came from Pakistan, the United Kingdom, Egypt, and the Philippines.