INVESTMENT OPPORTUNITIES IN RAS AL KHAIMAH, UNITED ARAB EMIRATES 16 April 2014 - BEIJING, PEOPLE’S REPUBLIC OF CHINA
Ras al Khaimah (RAK) is one of the seven emirates which comprise the United Arab Emirates (UAE), along with Abu Dhabi and Dubai Where is Ras Al Khaimah?
Ras Al Khaimah is governed by His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah Extremely safe, secure and stable emirate; with S&P rating of A/A-1 Very diversified, dynamic economy with free zone opportunities for foreign investment, as well as freeholds and joint ventures Average GDP growth of 8% annually since 2011 Home to 12,000 international businesses across nine free zone parks Headquarters to industry leaders such as RAK Ceramics, Julphar Pharmaceuticals and RAK Bank Welcome to Ras AL Khaimah
Ras Al Khaimah features a diversified economic foundation and is home to an array of industries, embracing innovation and ingenuity to foster growth. Industrial Sector Industry is a mainstay of the RAK economy. Apart from RAK Ceramics, a global industrial icon, RAK is noted for the range and scope of its industries, including; • Building materials • Pharmaceuticals • High-end optical data storage disc manufacturing and composites Service Sector With a growing economy, demand for specialized services is also increasing in RAK, including; • A steady expansion into retail banking, Islamic financial services and insurance, spurred on by the booming manufacturing sector • Efforts underway to enhance the quality of the educational system supporting innovation and student success, including education specific free trade zones • Public and private-sector initiatives to establish Ras Al Khaimah as a pre-eminent destination for quality health care in the region, resulting in significant improvements with the addition of new hospitals and enhancements to current healthcare delivery systems Well diversified Economic base
Tourism Ras Al Khaimah features diverse landscapes, a rich heritage, temperate climate and world class hotels and resorts which are making it a globally recognized destination for luxury and adventure travel. This growing sector is marked by; • An increasing demand for premium luxury destinations from European, UAE and GCC visitors seeking premium branded hotels and resorts • Holiday makers seeking a variety of experiences like outdoor sports, heritage tours, gourmet culinary experiences and relaxation in spas and on beaches • Ease of access to the emirate - only 45 minutes from Dubai International Airport and soon to be serviced by Air Arabia at RAK International Airport - making it an attractive and accessible destination for both local and international travelers. Real Estate and Development Ras Al Khaimah's property sector continues to grow due to the emirate's strong economic fundamentals, stable policy and fresh approach to development. Main factors contributing to this growth include; • The launch of Rakeen, RAK Properties and Al Hamra Real Estate Development LLC- responsible for the creation of unique and world-class developments in the emirate • The RAK government's proactive approach in ensuring transparency and protecting the interests of investors, resulting in the adoption of many pioneering laws related to foreign ownership, freehold, and property brokerage. Well diversified Economic base
The UAE enjoys a strategic location between Asia, Europe and Africa, providing optimum trading conditions and increasing economic activity among the world’s fastest growing and developing economies in the ‘South-South’ trade trajectory. • 4 hour flight time to 31% of the world’s population - comprising 11% of the global GDP • 8 hour flight time to 76% of the world’s population - comprising 53% of the global GDP (based on 2013 data, source: UNCTADstat) The UAE is a hub for global commerce, with infrastructure that provides seamless connectivity for businesses worldwide, featuring; • The Middle East’s largest container port • The 2nd busiest international airport in the world • A state of the art national rail system, to be completed in 2018 • Membership in the Gulf Cooperation Council (GCC) Location and logistics-united arab emirates
Location and logistics-ras al khaimah Ras Al Khaimah has a strong trading heritage due to its geographical location at the mouth of the Arabian Gulf and has grown into an industrial and trading hub, offering strategic access to the UAE’s major logistical centres and emerging world markets. Land • Multilane super-highways E311 and E611 connect to all neighboring Emirates and countries • Less than one hour from Dubai Air • RAK International Airport services the Emirate and boasts; • An annual cargo capacity of 50,000 tons • Chilled reefers and cold storage facilities • 250,000 square feet of warehouse storage space Sea • RAK is home to five sea ports, including; • Saqr Port - the largest bulk commodity port in the UAE • RAK Maritime City Free Zone - which provides waterside manufacturing capabilities and exclusive berthing, ideal for large fabrication • Khor Port - city centre port, offering a range of modern cargo handling facilities and services • Al Jeer Port - on the border of the Sultanate of Oman, the latest facility in RAK • Al Jazeera Port - specializing in dry docking and ship repair
No capital controls • Fixed exchange rate with USD Dollar • No local requirements and low cost labor • Few constraints in terms of requirements to register an activity, making the UAE one of the quickest and easiest countries in which to set up a business • Business friendly regulatory environment – UAE is ranked 17th in the world bank’s logistics performance index based on the following six criteria: • On Time Delivery: 13th • Customs / Border Efficiency: 15th • Ease of Arranging Shipments: 15th • Quality of Infrastructure: 17th • Quality of Logistics Services: 17th • Track & Trace: 18th Business friendly regulatory environment
UAE has a free tax policy regarding personal income and corporate activities, meaning; • No corporate, personal or withholding taxes • Moreover, the country has signed bilateral treaties, with the following countries, to avoid double taxation: Tax environment
Cost of setting up and running a business is 25% - 50% lower than the UAE average Cost of living is substantially less than the UAE average Ras Al Khaimah offers Lower costs of living and business operations Labour Real Estate Fees Consumables Lease Rates Recreation & Entertainment Land Education
An open, family-oriented and welcoming place to live • Bask in the hospitality of nationals and expats alike • Enjoy a safe, family-oriented environment Living in luxury One of the key tourism drivers also applies to becoming a resident: a wide range of town houses, villas and apartments across multiple price points New communities benefiting from a master plan approach: • Green spaces • Recreational facilities • Beach access • Local amenities Why live in Ras Al Khaimah?
Culture A heritage going back 5,000 years that manifests itself in numerous archaeological sites • National Museum of Ras Al Khaimah • Zayed Heritage Village • Dhaya Fort – 16th century structure prominent in the emirate’s history Entertainment & Recreation • Outdoor activities: • Watersports – jet skiing, water skiing, sailing • Iceland Water Park • Dune safaris • Camel racing • Falconry – a historical pastime • Al Hamra and Tower Links golf courses • Malls, restaurants serving a wide variety of international cuisines, cafes and cinemas Why live in Ras Al Khaimah?
Education A mix of public and private educational institutes across all educational age groups, teaching to international standards (International Baccalaureate, IGCSE): • RAK Academy, GEMS Westminster • American University Ras Al Khaimah (AU-RAK), Western International Colleges (U. of Bolton) • RAK Medical & Health Sciences University, RAK School of Dentistry Healthcare Both public and private hospitals: • Delivering high quality care to the degree that medical tourism is on the rise in the emirate • Providing a wide range of treatments and procedures • City-wide network of clinics and pharmacies Why live in Ras Al Khaimah?
Real Estate Hospitality & Tourism Industry Trade Services Education Key investment opportunities in Ras Al Khaimah Freehold developments and joint ventures Free Zone and joint venture opportunities
Opportunities across multiple sectors We welcome companies and entrepreneurs from virtually all business sectors to Ras Al Khaimah Free Trade Zone. Our 7,500 free-zone clients come from over 100 countries and span across almost every sector. Light Industrial • Food & beverage processing • Electronics & consumer products assembly • Cosmetics manufacture & perfume blending • Pharmaceuticals • Industrial equipment assembly • Machining & metal cutting • Metal coatings • Oil & Gas equipment • Gas liquefaction & bottling • Carpentry • Textiles • Equipment service and repair Heavy Industrial • Vehicle assembly and customisation • Glass production/modification • Fibreglass/insulation materials • Plastic building materials • Metal alloys, dies & extrusions • Steel pipework manufacturing • Pre-engineered buildings & steel fabrication • Concrete & precast structures • Chemical engineering & manufacturing • Plastics & Polymers • Paint manufacture • Rubber • Lubricants • Packaging products manufacturing Value-Added Distribution and Trading • Food repackaging • Antiques & artwork • Aerospace spares • Auto spares • Building materials • Medical equipment & pharmaceuticals • Building equipment & machinery Logistics • Shipping management & chartering • Commercial logistics services Services • E-commerce • Legal & translation consultancy • Logistics consultancy • Auditing & financial consultancy • ICT consultancy • Marketing & Management • Aerospace consultancy • Oil & Gas consultancy • Product training, service & repair Education • Universities • Branch campuses • Training institutes • Distance / Online learning • Educational services
Setting up a business in Ras Al Khaimah is quick and easy. The free zones allow you to own 100 per cent of your business, and provide comprehensive packages, including licences, visas and company registration. • Quick and easy registration • Fast-track business licences for nearly all activities • Visa issuance – renewable three-year residence visas for investors, managers and workers • Support for opening UAE bank accounts • Affordable business packages for all company sizes starting from approximately USD$4,000 Rak ftz-full business startup packages • Everything You Need to Start Operations Within Two Weeks
Business Incubator Packages / Flexi Facilities Shared facilities Ready-to-use workstations Dedicated phone number Shared fax services Email address Dedicated P.O. Box number Daily collection and distribution of mail and faxes Guest reception services Office management services Parking facilities 24/7 security Facilities At rak ftz - Offices Executive Offices • Fully furnished and equipped or unfurnished/empty • Sizes vary from 15 m2 up to 400 m2 • State-of-the-art IP based telephony system • Office management services • Access to business centre services • Office cleaning • 24/7 security
Warehouses Prefabricated units sized from 150 to 460 m2 Close proximity to port and airport Suitable for storing goods or for light manufacturing Staff housing available onsite Proximity to customs and administrative offices 24/7 security services Facilities at rak ftz - Warehouses and Land Land • Plots of various sizes (5,000 m2 min.) available for industrial development
Renowned for having one of the best regulatory environments in the region, RAK FTZ offers a highly attractive economic package to foreign businesses. Moreover, Ras Al Khaimah’s excellent infrastructure and logistical support, competitive energy costs, minimum bureaucracy, stable government and investor friendly policies have added to the emirate’s global appeal. 100% foreign ownership, with flexible legal structures including; • LLC • Branch • Subsidiary Labour • Freedom to source labour from anywhere around the world • Ample availability of labour in the UAE across a range of costs and qualifications • Ability to build your own labour accommodation on site Investment supportive regulatory environment • We Roll Out The Red Carpet and Cut The Red Tape for Investors
RAK Free Trade Zone Government of Ras Al Khaimah Tel: +971 7 2041111 Email: email@example.com Website: www.rakftz.com facebook.com/rakftz twitter.com/rakftz youtube.com/rakftz Thank you for your attention Find out what more than 7,500 companies have already discovered at the RAK Free Trade Zone