Senior Vice President of Islamabad Chamber of Commerce and Industry Khalid Malik has invited the UAE investors to explore Pakistan for investment and joint ventures. He was addressing a seminar organised by RAK Investment Authority, Government of Ras Al Khaimah, UAE in collaboration with Islamabad Chamber of Commerce and Industry on investment opportunities in Ras Al Khaimah Free Trade Zones.
Khalid Malik said that Pakistan was providing lucrative incentives to foreign investors while the China-Pakistan Economic Corridor project has started a new era of investment activities in the country. He said that time was ripe for UAE investors to take more interest in Pakistan for investment and joint ventures in areas of interest.
At the occasion, Senior Marketing Executive of RAK Investment Authority Sameer Aqil gave a detailed presentation to the business community about Ras Al Khaimah Free Trade Zone (RAK FTZ). He said that it was established in 2000, RAK FTZ has become the investment destination of choice for more than 8600 companies from over 100 countries, representing more than 50 industries.
Highlighting the benefits of investing in RAK FTZ, he said that it offered a tax-free environment, 100 per cent foreign ownership, fast and efficient business setup, sophisticated support services and fast-track UAE visa to the foreign investors.
He said RAK FTZ was at a distance of a 45-minute drive from Dubai and provided low cost of doing business as compared to other regions of UAE with high returns on investment. He said RAK FTZ was equipped with all the modern facilities, including seaports and highways. The required services to set up a business were provided under one roof, while all procedures to establish a business were completed within days. He said RAK FTZ was a gateway to the fast-growing global markets as it provided easy access to markets across Europe, North Africa, Middle East, South and Central Asia. He stressed that Pakistani investors should explore investment opportunities in RAK FTZ to maximise their business prospects.
Vice President, Islamabad Chamber of Commerce and Industry Tahir Ayub thanked the representatives of RAK Investment Authority for organising the seminar at ICCI that provided useful information to the business community regarding investment potential in RAK Free Trade Zones.
