‘2024-2027 are Pivotal Years for Investment Growth in Ras Al Khaimah’- RAKIS Day 1
First published onRAKIS ↗
Ras Al Khaimah, December 10: The inaugural edition of Ras Al Khaimah Investment and Business Summit (RAKIS) opened to a resounding start at the Al Hamra International Exhibition & Conference Center, charting a bold vision for the emirate’s economic future. Day 1 brought together ministries, industry experts, and international stakeholders, all highlighting the vast investment opportunities available across the emirate’s key sectors.
The summit commenced with welcome remarks by Mohamed Al Nuaimi, Chairman of the Ras Al Khaimah Chamber of Commerce, setting the stage for a day of impactful discussions. Dr. Wafa Jaber Al Rahma, Director of the Standards and Guidelines Department at the Ministry of Health and Prevention, followed with a compelling keynote address. She highlighted Ras Al Khaimah's rapidly growing healthcare sector, underscoring the substantial increase in public and private investments and their critical role in driving the emirate’s economic diversification and development strategy.
Ramy Jallad, Group CEO of RAKEZ, highlighted the economic diversity of Ras Al Khaimah, emphasising its expansive ecosystem that includes over 38,000 companies across more than 50 sectors. With businesses from over 100 countries, he showcased the emirate as a prime destination for global investment and growth.
One of the standout sessions on Day 1, Global Perspectives: Keynotes from Ambassadors Shaping Tomorrow, brought together influential diplomats, offering invaluable insights into global trends, paving the way for transformative opportunities in trade, investment, and international collaboration. H.E. Ms. Bérangère Boëll, United Nations Resident Coordinator for the UAE, emphasized the importance of global partnerships for sustainable development. H.E. Lucie Berger, Ambassador of the European Union to the UAE, outlined the EU's strategic focus on enhancing trade and investment ties with Ras Al Khaimah. Alison Hall, Acting Consul General to Dubai and the Northern Emirates, highlighted the UK’s commitment to fostering growth and mutual prosperity through strengthened partnerships with the emirate.
As the day unfolded, the summit also explored the transformative potential of tourism-driven infrastructure and sustainable real estate development in the emirate. Strategic investments, regulatory reforms, and the adoption of smart city technologies were spotlighted as critical to modernising the region’s urban infrastructure and enhancing quality of life, while simultaneously creating lucrative opportunities in commercial, residential, and industrial markets. Sessions also delved into Ras Al Khaimah's manufacturing potential and sustainable tourism initiatives, highlighting innovative strategies to align with evolving global trends.
“Key discussions underscored the emirate's dynamic growth trajectory and identified 2024 to 2027 as a pivotal period for investors to capitalise on emerging opportunities,” remarked an attendee, a potential investor who was inspired by the summit’s strategic vision.
The summit also featured an immersive exhibition that allowed attendees to explore innovative solutions, cutting-edge technologies, and emerging opportunities across multiple industries. Companies showcased groundbreaking products and services in fields such as industrial automation, real estate, healthcare, education, and financial services, offering attendees a hands-on experience of the emirate’s thriving business environment. This interactive platform fostered valuable connections and inspired collaborative ventures among investors, industry leaders, and policymakers.
As Day 1 laid a solid foundation for the summit, Day 2 promises even more impactful discussions. With a continued focus on investment opportunities, sustainable growth, and global partnerships, RAKIS 2024 is set to shape Ras Al Khaimah’s ascent as a premier business and investment destination.
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By Muhammad Younis, PR & Communications at Valiant Business Media
