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Ras Al Khaimah Economic Zone (RAKEZ) has concluded a high-level delegation visit to China, led by Group CEO Ramy Jallad, aimed at enhancing bilateral economic cooperation and forging new strategic partnerships. The mission underscores RAKEZ’s commitment to fostering global business ecosystems and facilitating Chinese companies' expansion into the Middle East.
During the visit, the RAKEZ delegation engaged in impactful B2B meetings with leading Chinese enterprises across various industries, including rubber manufacturing, steel engineering, wood research, science and technology, IT, real estate, and e-commerce. These engagements highlighted the growing interest of Chinese businesses in leveraging RAKEZ’s strategic advantages to access regional and global markets.
A significant outcome of the visit was the signing of a Memorandum of Understanding (MoU) between RAKEZ and Wenzhou City, aimed at enhancing cooperation and investment flows between the two regions. The MoU was signed by RAKEZ Chief Commercial Officer Anas Hijjawi and Wenzhou Executive Deputy Director Ji Xiangrong.
Ramy Jallad, Group CEO of RAKEZ, said, “At RAKEZ, we believe that impactful economic partnerships are built on the foundation of integrated business environments that empower investors to establish with confidence, grow sustainably, and expand into new markets. Our visit to China is a tangible step toward deepening collaboration with one of our most strategic global partners. We are focused on delivering flexible, investor-centric solutions that support companies across various sectors in accessing the Middle East and Africa. With advanced infrastructure, progressive regulatory frameworks, and comprehensive digital services, our vision is for RAKEZ to serve as the launchpad for Chinese businesses seeking regional and global leadership.”
Ras Al Khaimah is rapidly emerging as a strategic hub for Chinese investors, offering a compelling blend of cost-effectiveness, connectivity, and a supportive business environment. Through the Ras Al Khaimah Economic Zone (RAKEZ), the emirate provides streamlined solutions for business setup, licensing, and operations, complemented by a dedicated mobile app for digital management.
RAKEZ hosts over 250 Chinese companies across diverse sectors, including LED lighting, engineering, packaging, recycling, and food and beverage. This robust presence underscores the emirate's appeal to Chinese enterprises seeking expansion in the Middle East and Africa.
In a significant development, RAKEZ partnered with China's Shandong Timber and Wood Products Association to establish the Zhong A Shandong Industrial Park. This $360 million project spans over 1 million square meters and is expected to attract more than 60 companies, creating over 3,500 jobs in the next five years.
RAKEZ's proactive engagement with Chinese businesses includes regular delegations, promotional roadshows, and hosting media representatives from key Chinese cities. These initiatives reinforce Ras Al Khaimah's pivotal role in advancing the China-UAE partnership and supporting the Belt and Road Initiative in the region.
To further facilitate Chinese investment, RAKEZ has appointed dedicated representatives in Shenzhen and Shanghai, providing direct support to businesses exploring opportunities in the emirate. This strategic approach solidifies Ras Al Khaimah's position as a gateway for Chinese companies aiming to establish a foothold in the region.
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