Ras Al Khaimah Economic Zone

	Ras Al Khaimah Economic Zone Ras Al Khaimah Economic Zone (RAKEZ) is an Emirati free-trade zone in Ras Al Khaimah in United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia ( The Middle East). It is located at t .... In January 2020, Entrepreneur reported the free zone to have 14,000 companies across 50 industries. History It was introduced in 2017 and is one of the 37 free zones across in the United Arab Emirates that are overseen by the Ras Al Khaimah Investment Authority. During COVID-19 pandemic, RAKEZ moved towards digitisation and was reported to have 20% growth in 2020. The Free zone also launched a scheme to provide 12 years visa for investors purchasing an apartment in the zone in partnership with real estate developers Al Hamra. RAKEZ allows a one hundred percent foreign ownership. References Free-trade zones of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Free-trade Zone A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Definition The World Bank defines free trade zones as "small, fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations". Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services. Synonyms Free-trade zones are re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia ( The Middle East). It is located at the eastern end of the Arabian Peninsula and shares borders with Oman and Saudi Arabia, while having maritime borders in the Persian Gulf with Qatar and Iran. Abu Dhabi is the nation's capital, while Dubai, the most populous city, is an international hub. The United Arab Emirates is an elective monarchy formed from a federation of seven emirates, consisting of Abu Dhabi (the capital), Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Each emirate is governed by an emir and together the emirs form the Federal Supreme Council. The members of the Federal Supreme Council elect a president and vice president from among their members. In practice, the emir of Abu Dhabi serves as president while the ruler of Dubai is vice pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Ras Al Khaimah Investment Authority Ras Al Khaimah Investment Authority (RAKIA) is a United Arab Emirates investment authority in the Emirate of Ras Al Khaimah. It issues licenses to operate within RAKIA owned special economic zones, provides business facilities and warehouses and provides investment funding. RAKIA supports developments that include industrial parks, education, technology, real estate, transportation, manufacturing and energy, as well as offshore operations and other investments. Contrary to popular opinion, RAKIA is not a sovereign wealth fund (SWF) that would rely for example on steady income from oil or gas. Instead, RAKIA is an industrial licensing and promotion agency to attract investments into Ras Al-Khaimah. Funding is derived by the Government of Ras Al Khaimah as the owner or RAKIA by raising funds from financial markets and passing this borrowed money on to RAKIA. History RAKIA was constituted in 2005 by Emiri Decree No. (2)/2005 issued by Sheikh Saqr Bin Muhammad Al Qasimi with the ai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Al Hamra Tower The Al Hamra Firduos Tower is a skyscraper in Kuwait City, Kuwait. It is the tallest building in Kuwait. Construction of the skyscraper started in 2005. It was completed in 2011. Designed by architectural firms Skidmore, Owings & Merrill and Ramshir and Callison, it is the tallest curved concrete skyscraper in the world, and the thirty-sixth tallest building in the world at . Profile The building utilizes wrapped glass on the east, north, and west both for aesthetics and to reduce the amount of reflective surface area on the south facade, which also features brushed Jura limestone. Flared walls reaching from the southwest and southeast corners of the core span the entire height of the tower, and there is a column-free 24-meter-tall lobby The landscape was designed by Francis Landscapes. The tower was included in the list of the best inventions of 2011 by ''Time'' magazine. Awards 2011: Emporis Skyscraper Award 2010: Cityscape • Commercial / Mixed Use Built 2008: Chicago ... [...More Info...] [...Related Items...] OR:* [Wikipedia] [Google] [Baidu]