Ras Al Khaimah Your Gateway to Growing Markets from the Middle East
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RAS AL KHAIMAH YOUR GATEWAY TO GROWING MARKETS FROM THE MIDDLE EAST INVES T RAS AL KHAIMAH 1 RAS AL KHAIMAH UNITED ARAB EMIRATES UMM AL QUWAIN AJMAN SHARJAH 7 EMI RATES, 1 COUNTRY, 1 ECOSYSTEM DUBAI ABU DHABI A LEADING BUSINESS HUB IN THE REGION FUJAIRAH SUBSTANTIAL TRADING INFRASTRUCTURE www.website.com INVES T RAS AL KHAIMAH 2 EASY ACCESS TO GROWI NG MARKETS MENA 381 MILLION Population GCC 2.63% Annual Population Growth % UAE 43,000 USD GDP per Capita ▶ The population in MENA region means higher demand = higher 4-HOUR FLIGHT TIME consumption for goods and services TO 31% OF THE WORLD’S POPULATION ▶ The growing population means increased opportunity to develop and profit across various sectors 8-HOUR FLIGHT TIME ▶ Higher GDP per capita (#29 globally) = higher purchasing power TO 76% OF THE WORLD’S POPULATION INVES T RAS AL KHAIMAH 3 LOGISTICS & CONNECTIVITY UNITED ARAB EMIRATES The ideal location to access MENA markets ▶ Strategic access to global markets across Europe, Middle East, Asia & Africa ▶ UAE exhibiting increased focus towards economic diversification USD 414 USD 10.4 1ST RANK 3.5% USD 196 USD 238 BILLION BILLION IN MENA PROJ ECTED ECONOMI C BILLION BILLION 2018 GDP 2018 FDI INFLOW EASE OF DOI NG BUSI NESS GROWTH RATE 2018 EXPORTS FROM UAE 2018 IMPORTS INTO UAE INVES T RAS AL KHAIMAH 4 RAS AL KHAIMAH RAS AL KHAIMAH THE NORTHERNMOST EMI RATE I N THE UAE DUBAI ABU DHABI SEVEN THOUSAND YEARS OF HI STORY MOUNTAINS, SANDY BEACHES & SAND DUNES www.website.com INVES T RAS AL KHAIMAH 5 RAS AL KHAIMAH’ S ECONOMY Opening the door to foreign t rade is a “ hallmark of Ras Al Khaimah’s past , present and future. Today we honour our heritage by welcoming t he invest ors of the future. His Highness Sheikh Saud bin Saqr Al Qasi mi ” UAE Supreme Council Member and Ruler of Ra s Al Khaimah INVES T RAS AL KHAIMAH 6 A PROVEN INTERNATIONAL BUSI NESS HUB IN MENA GLOBALLY 7 1 REGI ON GLOBAL COMPETITIVENESS EASE OF DOING BUSINESS World Competitiveness Ranking, IMD (2018) Doing Business Report, World Bank (2019) FITCH AND GLOBALLY 2 A S& P RATI NGS AVAILABILITY OF FOREIGN SAFE, SECURE AND STABLE EMIRATE HIGH SKILLED P EOPLE World Talent Report, IMD (2018) IN MENA GLOBALLY 7 1 REGI ON LABOUR PRODUCTIVITY LOGISTICS PERFORMANCE PER EMPLOYEE Logistics Performance Index, World Bank (2018) Global Talent Competitiveness Index, INSEAD (2018) INVES T RAS AL KHAIMAH 7 WALDORF ASTORI A THE RITZ-CARLTON - AL WADI DESERT DOUBLETREE BY HI LTON RESORT & SPA MARJAN I SLAND RAS AL KHAIMAH – WORLD CLASS RESORTS & HOTELS HOTEL ROOMS THE GULF 1.1 VI SI TORS M+ 6,000 & SERVI CED 2020 TOURI SM IN 2019 APARTMENTS CAPITAL RIXOS BAB AL BAHR MARJAN I SLAND RESORT & SPA THE COVE ROTANA RESORT RAS AL KHAIMAH – AN INDUSTRIAL & TRADING HUB MANUFACTURING AED FOREI GN COUNTRIES 6,110 16.2 50+ COMPANI ES BN TRADE EXPORTING TO …ceramics used t o build t he Burj Khalifa, t he t allest building …rocks used t o build Palm Jumeirah …Ras Al Khaimah is home to the world’s longest zip line. in the world, were produced in Ras Al Khaimah. were sourced from Ras Al Khaimah. DID YOU KNOW… …Ras Al Khaimah is famous for Saqr Port , …Ras Al Khaimah is home t o t he highest the largest bulk handling port in Middle East. mount ain in t he UAE, Jebel Jais. …mat t resses used in most of UAE’ s …buses for GCC’s public transportation …Ras Al Khaimah has a growing int ernat ional airport . 5-st ar hot els are made in Ras Al Khaimah. are manufact ured in Ras Al Khaimah. RAS AL KHAIMAH A THRI VI NG BUSI NESS DESTI NATI ON MARKETPLACE AND DIVERSIFIED ACCESS TO THE UAE SUPPLY CHAIN OF ECONOMY AND GCC ECOSYSTEMS 45,000 COMPANIES EASY ACCESS TO INTERNATIONAL SKILLED TALENT BUSI NESS STANDARDS GDP COMPOSITION, RAS AL KHAIMAH 4% 7% Wholesale & Trade Ret ail, 8% 4% Agriculture and Fishing 21% 34% Transportation, Accommodation Manufact uring, 7% Construction 26% Mining & Quarrying 21% 8% Industrial 34% Ot her Services 26% INVES T RAS AL KHAIMAH 11 LOCAL MARKET ACCESS RAS AL KHAIMAH IS IDEALLY PLACED TO ACCESS THE UAE & GCC ECOSYSTEM DISTANCES FROM KEY PORTS KEY PORTS DRI VI NG DI STANCE (KM) DRIVING TIME*(MINS) SAQR PORT Saqr Port (Ra s Al Khaimah) 25-30 25-35 AL HULAILA INDUS TRIAL ZONE Jebel Ali (Du b a i) 145-150 90-100 AL HAMRA INDUS TRIAL ZONE RAKEZ ACADEMIC ZONE Khalifa Port (Abu Dhabi) 210-215 150-170 RAS AL KHAIMAH INT. AIRP ORT E11 Khor Fakkan Port (Fujairah) 110-115 100-110 DUBAI INT. AIRPORT AL GHAIL INDUS TRIAL ZONE MINA RAS HID P ORT E311 J EBEL ALI PORT DI STANCES FROM KEY AI RPORTS KEY PORTS DRI VI NG DI STANCE (KM) DRIVING TIME*(MINS) KHALIFA P ORT AL MAKTOUM INT. AIRP ORT Ras Al Khaimah Airport 25-27 25-30 E311 Dubai International Airport 95-100 75-85 ABU DHABI I. AIRP ORT Al Maktoum International Airport 145-150 100-110 E11 E65 UAE DISTANCE FROM KEY REGIONAL PRODUCTION & CONSUMPTION HUBS (KM) LOCATION DRI VI NG DI STANCE (KM) DRIVING TIME*(MINS) Du b a i 105-110 75-85 Sharjah 80-85 55-60 KUWAIT Abu Dhabi 250-255 150-160 *Approx. one-way travel times applicable for non-stop movement ~ Subject to change with traffic conditions, Distances within RAK are measured from the RAK Cit y Ce n t re . Source: CBRE Research, Map not to scale BAHRAIN QATAR PROXI MI TY TO KEY MAJOR ROAD UAE PRODUCTION & S AUDI ARABIA LINKS OMAN CONSUMPTION HUBS Strategically connected to Major highways Well connected to major seaports offering offering seamless connectivity to the strategic access to global production and Emirates of Sharjah, Abu Dhabi, Dubai consumption hubs across the Middle East, GCC which are part of United Arab Emirates Eu r o p e , Af r i c a & As i a INVES T RAS AL KHAIMAH 12 COMMERCI AL OFFI CES WAREHOUSES STANDARD & COLD STORAGE INDUSTRIAL LAND PLOTS BUSI NESS ENABLERS TO SUPPORT YOUR SUCCESS SCHOOLS & UNI VERSI TI ES HOTELS & PROPERTI ES PORTS AIRPORT SPECI ALI SED ECONOMI C ZONES LOGISTIC BUSI NESS ACADEMI C INDUSTRIAL 2 ZONES 2 ZONES 1 ZONE 3 ZONES ▶ ▶ RAK International Airport ▶ Al Hamra – Coworking & Offices ▶ La n d P lo t s Al Hamra – High-tech Manufacturing ▶ ▶ RAK Ports & Maritime City ▶ Al Nakheel – Offices ▶ Ready-Built Facilities Al Ghail – Heavy Manufacturing ▶ Al Hulaila – Logistics Hub INVES T RAS AL KHAIMAH 14 OPTIONS OF STARTING A BUSI NESS I N RAS AL KHAI MAH FREE ZONE NON-FREE OFFSHORE MI DSHORE ENTITY ZONE ENTI TY ▶ 100% ownership ▶ 100% ownership for ▶ Offshore formation ▶ Through RAKEZ Global Product manufacturing and industrial ▶ No customs duties on imported ▶ Available through RAK ▶ Corporate Redomicilation from and re-exported goods operations International Corporate Centre UAE or global jurisdictions or (RAK ICC) ▶ Eligible to appoint corporate ▶ In partnership with a UAE shareholders/directors investor (51%/49%) INVES T RAS AL KHAIMAH 15 LI CENCE TYPES TAI LORED TO FIT YOUR BUSINESS NEEDS INDUSTRIAL EDUCATIONAL E-COMMERCE GENERAL TRADI NG Manufacturing, importing, packaging Trading in goods and services Opening an education-related institution Trading in multiple goods and exporting products or consultancy company via electronic means TOURI SM COMMERCI AL MEDI A PROFESSI ONAL Tourism Licenses Trading in services and goods Operating media-related business activities For individuals who provide professional services HOLDI NG SINGLE FAMILY SERVI CE PORT COMPANY OFFICE Diversifying investments efficiently Conducting services or consultancies Conducting services in Ras al Khaimah Managing wealth and assets across any industry Maritime City Free Zone Authority (RMFZA) INVES T RAS AL KHAIMAH 16 BENEFI TS TO MAXIMISE PROFITS Foreign Ownership for Foreign Ownership in Manufacturing in 100% Free Zone Areas 100% Non-Free Zone Areas Repat riat ion of Corporate & 100% Capit al & Profit s 0% Personal Tax Lower Development 5% VAT as of 2018 10% Cost than Regional Aver age Up t o 50% Lower Double Taxation Business Operat ing Cost 50% 115 Agreement s t han Regional Average INVES T RAS AL KHAIMAH 17 ONE-STOP SHOP SERVI CES LI CENSI NG SERVI CES LEASI NG SERVI CES IMMIGRATION & GOVERNMENT SERVI CES VI SA SERVI CES ENVIRONMENT PROTECTION CUSTOMS SERVI CES & DEVELOPMENT SERVI CES INVES T RAS AL KHAIMAH 18 INVESTOR OPPORTUNITIES TOURISM & TRADE & REAL ESTATE INDUSTRIAL EDUCATION HOSPITALITY LOGISTICS ▶ Branded Apartments ▶ 441 key 3-star hotel with ▶ Bunkering ▶ Industrial ▶ K-12 International I NVESTMENT for Lease direct beach access ▶ Wholesale City Infrastructure School* OPPORTUNITIES ▶ Mid to upscale ▶ 560 Key 5-Star Beach ▶ Bulk cargo Development ▶ Higher Education townhouses Front Hotel ▶ Warehousing Institution VALUE (USD) 20 – 40 M+ 35-170 M+ 100-150 M+ 2,177 M+ 15-25 M+ *15-20 additional private schools required in RAK by 2030 INVES T RAS AL KHAIMAH 19 THANK YOU RAKI PHILLIPS JOHN CUNLIFFE CEO St rat egic Dierct or of Business Development RAK TDA RAKEZ Em ai l – raki@rakt da.com Em ai l – [email protected] INVES T RAS AL KHAIMAH 20 .