Figures released by the Ras Al Khaimah Investment Authority (RAKIA) show the body has issued 491 new licenses in the first four months of 2011 with 556 license renewals this year.
The statistics also showed 130 licenses were granted last April.
Since 2006, 4170 business licences have been issued; 1190 of which were consulting/service companies; 1291 trading/general trading businesses; 694 commercial companies; 660 industrial firms; and 335 media businesses.
“By strengthening our global reach and through very productive marketing campaigns, we have accelerated the momentum from 2010, which also was an excellent year for us in terms of performance,” said Dr. Khater Massaad, CEO, RAKIA.
“The progress we have achieved in the first four months of 2011 puts us firmly on track for another highly successful and productive year. RAKIA continues to grow in appeal as an investment destination of choice both regionally and across the world, which is a testament to the strong support from the RAK Government and the quality of facilities we offer to investors,” he added.
RAKIA which has a list of international companies registered with it, including: ARC International Middle East LLC and Becker Industrial Coatings LLC from France; Ashok Leyland and JBF RAK LLC.
RAKIA has contributed to the economic progression of the emirates by attracting investors from all over the world through Free Zone and Non-Free Zone facilities of RAKIA’s Industrial Zone and Free Zone in Al Hamra, and the Industrial Park in Al Ghail.
