ISLAMABAD: Ras Al Khaimah Economic Zone continues to go global with its upcoming participation at this year’s Pakistan International Trade Fair (PITF), one of the biggest consumers and trade fair happening in Expo Centre Karachi in Pakistan from October 26 to 29, 2017.
Expected to gather over 120,000 visitors and 16,000 exhibitors from 20 different countries, RAKEZ will capitalise on the event’s large-scale attendance to tap into expanding players in the field of construction, automobile, chemical, pharmaceutical, and textile, among others.
“Over the years, investors from Pakistan have been consistently very active in the United Arab Emirates (UAE) market. In 2014, investments by Pakistani nationals in the UAE reached $ 23 billion, and most of them are heavily investing in the country’s property market,” said RAKEZ, RAK Free Trade Zone and RAK Investment Authority Group CEO Ramy Jallad. “However, the UAE, particularly RAKEZ, presents boundless investment opportunities not only in real estate but in over 100 industries; this is in addition to the range of incentives that we provide to our clients, such as bespoke facilities, first-class services and simplified business set-up processes. We are very eager to interact with local investors during the Pakistan International Trade and offer them a sneak peek of what RAKEZ has to offer.”
Jallad also noted that from the over 6,000 Pakistani companies currently active in the UAE, around 610 are flourishing in the ecosystem of RAKEZ. “Pakistan has always been among our major investors in RAKEZ, and in fact, they are among our top 5 well-represented nationalities in RAKEZ,” he said.
Among the economic zone’s success stories from Pakistan are: Adroit Factory FZC, a top class manufacturer and distributor of high quality edible oil products in the Middle East; Modern Fence FZC, a gabion manufacturer; and VSF Logistics FZE, a company that provides logistics, cold storage, refrigerated logistics, as well as customised logistics.