How Did RAKEZ's ‘Invest RAK’ Pavilion Stand Out at CIFIT?

10x Industry

Mokshita P.
10x Industry
Published:

How Did RAKEZ's ‘Invest RAK’ Pavilion Stand Out at CIFIT?

RAKEZ showcased its investment potential at CIFIT, securing key agreements with Shenzhen Longhua and THi, and attracting over 250 Chinese companies.

Ras Al Khaimah Economic Zone just wrapped up a major business mission in China, and it was quite a success. They took part in the China International Fair for Investment & Trade (CIFIT), which is a big deal for international investment. The Ruler of Ras Al Khaimah, His Highness Sheikh Saud bin Saqr Al Qasimi, gave a keynote address at the opening ceremony, setting a high tone for the event.

The mission was packed with activities, including B2B meetings across several major Chinese cities. The highlight was RAKEZ’s participation in CIFIT, where they had a special pavilion called ‘Invest RAK’. This pavilion was a collaborative effort that featured other key players from Ras Al Khaimah like the Chamber of Commerce, Marjan, the Tourism Development Authority, the Digital Assets Oasis, Ras Al Khaimah Properties, Ports, and RAKBANK. They showcased Ras Al Khaimah as a prime spot for business investments.

During the event, several important agreements were signed. One was between RAKEZ and Shenzhen Longhua District, focusing on boosting trade and investment in areas like the digital economy, new energy, healthcare, and advanced manufacturing. Another MoU was signed with the construction giant THi to explore joint ventures on various projects, including industrial facilities and educational institutions.

Ramy Jallad, the CEO of RAKEZ, emphasised that these collaborations are part of their strategy to build sustainable international relations and boost Ras Al Khaimah's economic landscape. They’re aligning closely with the Belt and Road Initiative, which helps position Ras Al Khaimah as a key player in connecting markets in the Middle East and Africa.

In addition to these deals, RAKEZ has been very active in engaging with Chinese businesses. They’ve attracted over 250 Chinese companies from various sectors like recycling and LED lighting. They also recently signed a significant lease with China’s Shandong Timber and Wood Products Association for a massive industrial park project, which is expected to bring in 60 companies and create more than 3,500 jobs over the next five years.