Ras Al Khaimah Economic Zone (RAKEZ), the umbrella authority of RAK Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA), has been named as the most cost-effective economic zone by the prestigious fDi Global Free Zones of the Year Awards 2017.
Taking the Bespoke Category Set-up Cost Reduction award, RAKEZ stood out from over 60 free zones from across the globe upon the evaluation of the Financial Times Specialist editorial team and an independent panel of judges.
Ramy Jallad, Group CEO of RAKEZ, RAK FTZ, and RAKIA, said: Were ecstatic for winning the Bespoke Category Set-up Cost Reduction at this years fDi Global Free Zone of the Year Awards. RAKEZ was just recently introduced but it has already been recognised for its cost-effectiveness, which is actually among our key strategic pillars in attaining our vision of becoming a leading global investment destination.”
He added: Delivering fit-for-purpose facilities and customer-centric business solutions that are premium and affordable will always be among our strongest commitments to investors. 2017 has been very eventful for RAKEZ and winning a prestigious award from fDi is our cherry on top.
This year, RAKEZ has launched several promotions that let businesses enjoy a 10% reduction on set-up packages as well as 12-month instalment option with its three-year business plan. The easy payment plan allows investors to spread the formation costs over 12 months, making payments more manageable.