Ras Al Khaimah is swiftly establishing itself as a premier investment hub within the UAE. During a recent insightful Q&A with A.T.M Rahat Mohammad—Chairman of Nasrin Group, Director Finance at Almatiya Investment Group, Managing Partner at Innox Financial Institutions, Owner of ABR AL KHAYAL TECHNICAL SERVICES, and Founder of COFIRM and TEKATIKA—we ventured into an in-depth exploration of the present investment landscape in Ras Al Khaimah . Our focus encompassed the identification of current trends and the unveiling of promising emerging opportunities.
#RAKIS: What key economic sectors drive the economy of Ras Al Khaimah, and how have they evolved over the past few years? How do you evaluate the current economic stability of Ras Al Khaimah in comparison to other regions within the UAE for potential investments?
A.T.M Rahat Mohammad: The economy of Ras Al Khaimah is driven by four key sectors: tourism, manufacturing, logistics, and real estate. These sectors have evolved significantly over the past few years, with tourism and manufacturing becoming increasingly important. The Emirate's strategic location and investment-friendly environment have attracted a number of multinational companies to Ras Al Khaimah, boosting the manufacturing sector. The tourism sector has also grown rapidly, with the emirate becoming a popular destination for both domestic and international tourists.
In terms of economic stability, Ras Al Khaimah is one of the most stable emirates in the UAE. The emirate has a strong track record of economic growth, and its government is committed to maintaining a stable and business-friendly environment. This makes Ras Al Khaimah an attractive destination for investors looking for a stable and profitable investment opportunity.
#RAKIS: Could you provide insights into the current investment climate in Ras Al Khaimah, highlighting any recent trends or emerging opportunities? What analytical methods or tools do you employ to assess the feasibility and risks associated with potential investments in Ras Al Khaimah or the broader UAE market?
A.T.M Rahat Mohammad: The current investment climate in Ras Al Khaimah is very positive. The emirate is experiencing strong economic growth, and there are a number of emerging opportunities in the tourism, manufacturing, logistics, and real estate sectors.
To assess the feasibility and risks associated with potential investments in Ras Al Khaimah, I employ a variety of analytical methods and tools. These include:
- Industry analysis: I thoroughly research the specific industry in which I am considering investing to understand the market size, growth potential, and competitive landscape.
- Financial analysis: I assess the financial strength and performance of the companies I am considering investing in.
- Risk analysis: I identify and assess the potential risks associated with the investment, such as market risk, political risk, and operational risk.
#RAKIS: Could you elaborate on any preferred investment strategies within the UAE, considering your expertise in financing? Would you be inclined towards direct investments, portfolio diversification, or other strategies?
A.T.M Rahat Mohammad: Given my expertise in financing, I am particularly interested in direct investments. Direct investments provide investors with greater control over their investments, and they can also generate higher returns. However, direct investments are also more risky than other types of investments.
In addition to direct investments, I also consider portfolio diversification. Portfolio diversification can help to reduce risk by spreading investments across a variety of asset classes and sectors.
#RAKIS: How important are local partnerships or collaborations with established entities in Ras Al Khaimah for new entrants? Are there any success stories or best practices in this regard? What strategies or approaches would you recommend to newcomers seeking to form beneficial partnerships within the local business community?
A.T.M Rahat Mohammad: Local partnerships are essential for new entrants to the Ras Al Khaimah market. These partnerships can provide newcomers with access to local knowledge, resources, and networks. They can also help new entrants to navigate the complex regulatory environment in the UAE.
There are a number of success stories of partnerships between new entrants and established entities in Ras Al Khaimah. For example, Ras Al Khaimah Free Trade Zone Authority (RAK FTZ) has partnered with a number of multinational companies to establish manufacturing facilities in the emirate. These partnerships have helped to create jobs and contribute to the economic diversification of Ras Al Khaimah.
I would recommend the following strategies to newcomers seeking to form beneficial partnerships within the local business community:
- Research and identify potential partners: Before approaching potential partners, carefully research their reputation and track record.
- Build relationships: Attend industry events, conferences, and networking opportunities to build relationships with potential partners.
- Be prepared to compromise: Partnerships require compromise and flexibility. Be willing to negotiate and find common ground with your partner.
#RAKIS: In your opinion, what kind of impact do you believe the RAKIS Summit will have on elevating the investment landscape of the region?
A.T.M Rahat Mohammad: I believe that the RAKIS Summit will have a significant impact on elevating the investment landscape of the region. The summit will bring together a wide range of investors, entrepreneurs, and policymakers from the UAE and around the world. This will provide a platform for networking, sharing insights, and identifying new opportunities.
In addition, the summit will highlight the investment potential of Ras Al Khaimah. This will attract more investors to the emirate and boost its economic growth.
I wish great success for your event and all future endeavours.
