Ras Al Khaimah (RAK), the fourth largest Emirate in the UAE, is defined by its natural diversity, rich history and a forward-thinking vision, led by His Highness Sheikh Saud bin Saqr Al Qasimi. His focus on sustainable development, economic prosperity, environmental conservation, social development and innovation has shaped RAK into an ideal environment to live, work and invest. With a strategic location connecting East and West – placing one third of the world’s population within four hours’ flying time – RAK is a gateway to key markets, such as the UAE, Middle East, Africa, India and beyond.
RAK’s economy is among the most diversified in the region, with no single sector contributing more than 27% to its GDP. The Emirate offers a business-friendly environment, with simplified, customizable services, low operating costs, 100% foreign ownership, zero personal income tax and one of the world’s lowest corporate tax rates. Its efficient judicial system, recognized by the World Bank, ensures fairness and transparency. RAK also boasts world-class infrastructure, including multiple seaports strategically close to the Strait of Hormuz and major international shipping lanes, an international airport and extensive logistics capabilities.
RAK is home to over 50,000 companies from 100+ countries, including industry leaders and global exporters, such as RAK Ceramics and Julphar. Over 30,000 of these businesses operate within Ras Al Khaimah Economic Zone (RAKEZ), one of the region’s largest free zones, while RAK Digital Assets Oasis (RAK DAO) reinforces the Emirate’s ambition to become a global hub for Web3 and digital assets.
RAK’s economic strength is reflected by 15+ years of consistent ‘A’-range Fitch and S&P credit ratings, with both agencies upgrading RAK in 2024, to “A/A-1” by S&P and “A+” by Fitch.
RAK has a multicultural society of 0.4 million people from 150 countries and offers a high quality of life, including accessible luxury living and a serene coastal lifestyle.
Significant investment in RAK’s real estate, hospitality and tourism sectors in recent years is seeing signature luxury global brands, such as Wynn, Four Seasons, Nobu, Fairmont and La Mer By Elie Saab joining existing landmarks from Waldorf Astoria, Ritz-Carlton and Mövenpick. Projects such as RAK Central will redefine the commercial and residential landscape, with innovative Grade A office spaces and modern, sustainable residential areas creating a desirable location for upscale living.
As a fast-growing tourism destination, RAK has become synonymous with adventure, culture and leisure. Its adventure tourism, especially at Jebel Jais, the UAE’s highest peak, its stunning natural beauty, including 68km of beaches spanning the majority of a near-80km coastline, and 7,000 years of history further enhance its universal appeal. Four of RAK’s archaeological sites are on UNESCO’s tentative list of World Heritage Sites.
