News Highlights

Ras Al Khaimah receives an award from fDi Magazine as the Most Attractive City for Foreign Direct Investment

Publish date : 6/10/2009

Ras Al Khaimah in the United Arab Emirates
a widely recognized and accredited destination for pleasant living conditions and unrivalled business opportunities

Award from fDi Magazine (fDi Magazine is a foreign direct investment magazine by The Financial Times Business Group)

 

Middle East Cities & Special Economic Zones of the Future 2008/09
Published: December 17, 2008 & February 08, 2009

Ras Al Khaimah in the United Arab Emirates (UAE), which is still competitive on costs, ranks as fDi’s most attractive city for FDI

http://www.fdimagazine.com/news/fullstory.php/aid/2635/Middle_East_Cities____Special__ Economic_Zones__of_the_Future_2008_09.html

Picturesque Ras Al Khaimah has also been hailed as 6th in the magazine’s Top 20 Middle Eastern Cities.
When it comes to Cities Most Attractive for Foreign Direct Investment, Ras Al Khaimah comes in first, followed by Abu Dhabi and then Dubai an honour that is accepted with quiet pride by the progressive coastal city.

Fitch Credit Ratings for Ras Al Khaimah:

Long Term Issuer Default Rating:	A	26-FEB-2009	Affirmed	Outlook:   Stable
Short Term Issuer Default Rating:	F1	26-FEB-2009	Affirmed
Local Currency Long Term Issuer Default Rating:	A	26-FEB-2009	Affirmed	Outlook:   Stable
Country Ceiling:	AA+	14-AUG-2008	New Rating

Standard & Poor’s Credit Ratings for Ras Al Khaimah:

Ras Al Khaimah A/A-1 ratings affirmed on strength of UAE; outlook stable (MENAFN Press -19/02/2009)
Standard & Poor's Ratings Services today affirmed its 'A' long-term and 'A-1' short-term sovereign credit ratings on the Emirate of Ras Al Khaimah (RAK), the northernmost of the seven emirates that comprise the United Arab Emirates (UAE). The outlook is stable. 

 Some interviews and special reports on Ras Al Khaimah:

Dedicated to industry
Published: December 17, 2008
Dr Khater Massad, CEO of Ras Al Khaimah Investment Authority (and Executive Chairman of Rakeen Development), tells fDi why the emirate is an ideal location for European and Asian companies looking for a low-cost destination that is well placed to ride out the credit crisis
http://www.fdimagazine.com/news/fullstory.php/aid/2648/Dedicated__to_industry.html

 

 

On the road to success
Published: December 17, 2008
His Highness Sheikh Saud Bin Saqr Al Qasimi, Crown Prince and deputy ruler of Ras Al Khaimah, tells fDi that as long as the emirate utilises its excellent location and cheap cost of business then the credit crisis should be viewed as an opportunity, not a problem
http://www.fdimagazine.com/news/fullstory.php/aid/2647/On_the_road__to_success.html

Hidden appeal
Published: December 17, 2008

Investors in Ras Al Khaimah are reaping the benefits of an emirate that is blessed with rich lime deposits, a burgeoning tourism sector and a lucrative real estate industry, all within a few hours of the Middle East’s major cities
http://www.fdimagazine.com/news/fullstory.php/aid/2646/Hidden_appeal.html

On the rise
Published: December 17, 2008

Ras Al khaimah (RAK) sits at the northernmost point of the United Arab Emirates, crowning the kingdom with a stretch of coastline which is set to become a successful international tourist and business destination in the mould of neighbouring emirates Dubai and Abu Dhabi
http://www.fdimagazine.com/news/fullstory.php/aid/2645/On_the_rise.html

RAKEEN Development PJSC (FZC)
P.O. Box 6374
Ras Al Khaimah
United Arab Emirates
Phone: +971-7-244 65 62
Fax: +971-7-244 65 61
Email: info@rakeen.com
Website: www.rakeen.com