RAK FTZ Welcomes German Delegation
A German business delegation lead by Mr. Hans Spitzner, Secretary, Ministry of Commerce in the State of Bavaria, was received by Sheikh Faisal bin Sadr Al Qasimi, Chairman of the Ras Al Khaimah Free Trade Zone (RAK FTZ) on the 31st October 2006. The visit was well reviewed and joint discussions were held to promote bilateral relations through mutual cooperation. Special focus was laid on identifying areas which would facilitate mutual entrepreneurial interests and invite investments through free trade between both the countries. Sheikh Faisal sent clear signals to the delegation about the enormous business opportunities and support the emirate of Ras Al Khaimah and what Ras Al Khaimah Property intends to offer to the German investors. A large number of companies from around the globe especially from Germany were already fast registering them selves with the RAK FTZ and a whooping 38 percent rise in only German companies getting registered in the ongoing year with this fast developing free zone was encountered.
The German fairs last of which ‘the 9th Arab-German Economic Convention’ was held in Berlin has largely been instrumental in attracting the German companies to invest with the zone and set their bases in this land. Latest to join the league is the InnoVida Holdings Inc a biggie in the ready made homes which plans to invest Dhs 40 million in installation of its state-of –art manufacturing plant at the RAK FTZ.
Maryam al Murshidi, the Assistant director of RAK FTZ showed the German delegation through the free zone area and explained to them of the exquisite support in terms of facilities and concessions that the zone intends to provide to its clients which are tailor made and suitable to all sectors of investments be it be IT, manufacturing, industrial or services. The German business delegation was convinced of the immense yet untapped potential that the RAK FTZ had to offer to the investors and a sure need to strengthen the ties between the Ras Al Khaimah and Germany in times to come.
The German fairs last of which ‘the 9th Arab-German Economic Convention’ was held in Berlin has largely been instrumental in attracting the German companies to invest with the zone and set their bases in this land. Latest to join the league is the InnoVida Holdings Inc a biggie in the ready made homes which plans to invest Dhs 40 million in installation of its state-of –art manufacturing plant at the RAK FTZ.
Maryam al Murshidi, the Assistant director of RAK FTZ showed the German delegation through the free zone area and explained to them of the exquisite support in terms of facilities and concessions that the zone intends to provide to its clients which are tailor made and suitable to all sectors of investments be it be IT, manufacturing, industrial or services. The German business delegation was convinced of the immense yet untapped potential that the RAK FTZ had to offer to the investors and a sure need to strengthen the ties between the Ras Al Khaimah and Germany in times to come.
posted by Property Reporter at
10:35 PM
0 Comments:
Post a Comment
<< Home