RAKEZ Reports Record-Breaking Q1 with 3,676 New Business Setups

Ras Al Khaimah, 1 May 2025: RAKEZ (Ras Al Khaimah Economic Zone) began 2025 with impressive growth, adding 3,676 new businesses in the first quarter, marking a 23% rise from Q1 2024 and reflecting continued investor trust and economic vitality. This impressive uptick reflects the emirate’s ongoing efforts toward economic diversification and highlights its appeal as a prime destination for investors, backed by political stability, advanced infrastructure, and a streamlined regulatory framework.

In the official press release of RAKEZ Group, CEO Ramy Jallad commented, “We are proud to see this continued momentum in 2025, with thousands of new businesses choosing RAKEZ to launch and scale their operations. This growth reflects investor confidence in our ecosystem, as well as our ongoing commitment to delivering simple, agile, and cost-effective solutions that meet the evolving needs of the global business community.”

The surge in new company registrations further reinforces RAKEZ’s growing reputation as a leading destination for entrepreneurs and enterprises aiming to tap into regional and international markets. A notable portion of new investors originated from countries such as India, Pakistan, the UK, Egypt, and France, demonstrating continued global confidence in the emirate’s economic environment.

Among the sectors fueling this upward trend, the services industry led the way, accounting for 38% of new setups. This included a wide range of businesses such as consulting firms, marketing agencies, IT services, and software development companies. Commercial enterprises accounted for 26% of the total, while general trading companies comprised 13%.

In the same publication, Jallad added, “Our journey is not just about numbers or accolades, it’s about creating an ecosystem that fosters growth, innovation, and opportunity for all. We remain focused on creating value for every investor in our diverse, growing business community. Our efforts are grounded in building strong partnerships, embracing innovation, and nurturing an environment that enables every entrepreneur and enterprise to reach their highest potential.”

Looking ahead, RAKEZ remains dedicated to advancing its strategic vision of supporting business growth, fostering innovation, and driving sustainable development. By prioritising efficiency, foresight, and global competitiveness, the economic zone is set to play a vital role in shaping Ras Al Khaimah’s economic future and reinforcing its status as a top-tier investment hub in the region.