Ras Al Khaimah Welcomes Singapore Delegation to Boost Economic Ties

Ras Al Khaimah, UAE – September 23, 2025: In a move to strengthen international collaboration and enhance bilateral economic relations, the Ras Al Khaimah Department of Economic Development (RAK DED) hosted a high-level delegation from Singapore. The visit underscores Ras Al Khaimah’s commitment to building global partnerships that drive sustainable economic growth and diversify investment opportunities.

Focus on Strategic Collaboration

During the meeting, discussions centered on deepening economic ties and establishing sustainable partnerships between Ras Al Khaimah and Singapore. Both sides highlighted the importance of long-term cooperation to support mutual aspirations in economic development, industrial innovation, and trade expansion.

The Singaporean delegation commended Ras Al Khaimah’s industrial capabilities and its progressive approach to investment and manufacturing, noting the emirate’s growing role as a dynamic hub for international business.

"The visit reflects mutual interest in opening new avenues of economic and investment cooperation," said Dr. Abdulrahman Al-Shaib Al-Naqbi, Director-General of the RAK DED. "Ras Al Khaimah seeks to provide an integrated and flexible business environment that strengthens the emirate’s position as an attractive hub for enterprises, while laying the foundation for long-term strategic partnerships that benefit both sides and contribute to sustainable development."

Showcasing Ras Al Khaimah’s Competitive Advantages

As part of the visit, the RAK DED showcased Ras Al Khaimah’s competitive offerings designed to attract international investors and businesses. These include:

• 100% foreign ownership for companies across various sectors
• Tax and customs incentives aimed at reducing operational costs for businesses
• A streamlined company setup process with simplified licensing and regulatory frameworks
• Modern infrastructure supporting industries from logistics to advanced manufacturing
• Business-friendly free zones, enabling regional and international trade

The delegation was also given a comprehensive overview of how Ras Al Khaimah integrates economic diversification into its growth strategy, ensuring long-term sustainability and resilience.

Strategic Location for Global Trade

Ras Al Khaimah’s geographical position was emphasized as a key strength for businesses seeking regional and global reach.

The emirate provides direct access to major markets, including:

• The Middle East and North Africa (MENA) region
• Europe through well-connected shipping and logistics networks
• Asia, with proximity to key trade routes and growing export opportunities

With its world-class port facilities, international airport, and well-developed road networks, Ras Al Khaimah is positioned as a gateway for trade and commerce, making it an ideal hub for companies looking to expand globally.

Promising Investment Sectors

The discussions highlighted several high-potential sectors where Singaporean investors and businesses can explore opportunities, including:

• Tourism and Hospitality – leveraging Ras Al Khaimah’s rising reputation as a premier travel destination
• Real Estate Development – supporting the emirate’s urban growth and expanding housing market
• Industrial and Manufacturing – tapping into the emirate’s well-established industrial base
• Logistics and Trade – benefiting from Ras Al Khaimah’s strategic connectivity
• E-commerce and Digital Services – growing alongside the UAE’s rapidly expanding digital economy
• Technology and Innovation – supporting startups and advanced tech ecosystems

These sectors align with Ras Al Khaimah’s economic diversification strategy, which focuses on attracting sustainable, future-focused industries.

Strengthening Global Economic Relations

The visit represents a significant step forward in enhancing economic relations between the UAE and Singapore, building on both countries’ shared vision of sustainable growth and innovation.

The Singaporean delegation expressed gratitude for the warm reception and hospitality they received, reaffirming their commitment to working closely with Ras Al Khaimah on trade development, knowledge exchange, and joint investment projects.

By fostering these international collaborations, RAK DED aims to position Ras Al Khaimah as one of the UAE’s most attractive destinations for global businesses, reinforcing its role as a key contributor to the UAE’s overall economic growth.

As Ras Al Khaimah continues to expand its international partnerships, the emirate is expected to play an increasingly prominent role in connecting global markets.

The RAK DED’s focus on flexibility, sustainability, and investor support reflects its long-term strategy of driving economic prosperity through innovation and openness.

With initiatives like this delegation visit, Ras Al Khaimah is well on its way to becoming a regional leader in trade, manufacturing, and foreign direct investment, positioning itself as a preferred hub for businesses from Asia, Europe, and beyond.