Ras Al Khaimah: A delegation from the Ministry of Industry and Advanced Technology (MoIAT) has visited the Ras Al Khaimah Economic Zone (RAKEZ). It aimed to explore the business ecosystem and identify potential areas of collaboration to enhance the emirate’s investment attractiveness.
The visit is in line with the objectives of the National Strategy for Industry as well as the Advanced Technology and MoIAT’s efforts to develop the sector by collaborating with strategic partners.
The delegation was led by Mr. Omar Al Suwaidi, Undersecretary of MoIAT.
Mr. Al Suwaidi and the accompanying delegation were received by Mr. Ramy Jallad, Group CEO of RAKEZ, alongside several leaders and officials from local as well as international industrial companies headquartered in the economic zone.
During the visit, the delegation toured RAKEZ’s industrial facilities, engaging in discussions with major companies including Motherson PKC Harness and RAK Ceramics to gain insights into operations and sustainability practices.
MoIAT provided an overview of the enablers and incentives available for the industrial and advanced technology sectors. The ministry highlighted opportunities for collaboration with companies looking to participate in the Industrial Technology Transformation Index (ITTI), which is aimed at boosting the national economy and strengthening the UAE’s position as a global industrial hub.
The visit further strengthened RAKEZ’s ties with the MoIAT following recent collaborations, including a partnership to accelerate the adoption of advanced technologies among industrial companies and strengthen the UAE’s attractiveness as an investment destination.
RAKEZ recently joined MoIAT’s Industrial Technology Transformation Index, which measures Industry 4.0 and sustainability readiness in the manufacturing sector to drive sustainable technology.