Credit By: Arab News
Sheikh Saud bin Saqr Al-Qasimi, UAE Supreme Council member and ruler of Ras Al-Khaimah, recently welcomed a high-level British delegation to explore opportunities for trade and economic cooperation between the emirate and the UK. The delegation, consisting of officials from the British Embassy, including British Prime Minister’s Trade Envoy to the UAE Gareth Johnson, and board members of the British Chamber of Commerce Dubai (BCCD), led by its Chairman Andrew Mortimer and CEO Katy Holmes, engaged in discussions aimed at enhancing bilateral relations.
Memorandum of Understanding (MoU) Signing
During the visit, an MoU was signed between RAKEZ Managing Director Sheikh Mohammed bin Humaid Al-Qasimi and BCCD Chairman Andrew Mortimer. This agreement outlines the collaboration between the two entities to support existing British investors in Ras Al-Khaimah and facilitate the entry of new investors into the emirate. The partnership aims to stimulate business activities by fostering international connectivity between Ras Al-Khaimah and the UK, ultimately benefiting the wider region.
RAKEZ’s Role and Support
RAKEZ officials provided the delegation with insights into setting up businesses within RAKEZ and the comprehensive support and services offered by the organization to entrepreneurs starting their ventures in the UAE. RAKEZ Group CEO Ramy Jallad emphasized RAKEZ’s pivotal role in driving investment and business growth in Ras Al-Khaimah. He highlighted RAKEZ’s pride in being the preferred business hub for over 1,700 British small and medium-sized enterprises (SMEs) and industrial players. The collaboration with BCCD signifies a commitment to sustainable development and international cooperation, supporting British investors in expanding their presence in the Middle East through Ras Al-Khaimah.
Statements from Key Stakeholders
- Rob Bricker, country director for the Department of Business and Trade, British Embassy, UAE, expressed support for the partnership between BCCD and RAKEZ. He highlighted the Department’s dedication to increasing opportunities for UK companies across all emirates and affirmed the commitment to collaborative work with Ras Al-Khaimah and UK businesses for mutual growth and prosperity.
- BCCD CEO Katy Holmes acknowledged RAKEZ’s active involvement in the BCCD and recognized the support provided by RAKEZ to numerous British companies. She emphasized the significance of the MoU in supporting the BCCD’s efforts to meet the increasing demand and opportunities for British businesses and expatriates in Ras Al-Khaimah, extending from Dubai.
RAKEZ hosts prominent British companies, including global tea producer Ahmad Tea, leading laptop remanufacturer A2C, aircraft cabin simulator manufacturer Spatial Composite, and manufacturers like Manchester Paperbags and JRL Fabrications. The MoU signed between RAKEZ and BCCD underscores the commitment to fostering stronger economic ties between Ras Al-Khaimah and the UK, paving the way for enhanced investment and collaboration opportunities between the two regions.
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