Ras Al-Khaimah among UAE's strongest emerging investment spots - says Oxford Business Group The northern emirate of Ras al-Khaimah is becoming a top investment hotspot in the UAE according to an in-depth, ground breaking, study by Oxford Business Group (OBG), the UK-based publishing, research and consultancy services company. With a renewed drive for development over the last few years, RAK has put the focus squarely on becoming a serious investment destination according to Bebhinn Kelly, OBG Director for the Northern Emirates.

'To boost investment and economic diversification, RAK has concentrated on free zones and attracted a major number of investors,' explained Kelly. '2005 saw 687 new companies register in the RAK Free Trade Zone (RAKFTZ). The first half of 2006 saw a further 598 companies with a total investment of Dh 2bn register putting it on course to meet its target of 1200 companies for the year,' added Kelly.


Source: ameinfo.com