In good and in bad times, investments tend to be highest in
countries with the least regulations and taxes. This year tax
havens once again outperform more conventional economies. While the
US, Japan and EU countries see meager economic growth that,
adjusted for inflation amounts to nothing at all, the Emirate of
Ras al Khaimah is enjoying one of its most successful years
yet.
This month the Financial Times Business and FDI magazine ranked
the the RAK Free Trade Zone as the fourth most competitive, out of
115 free zones world-wide. Commenting on the announcement, Oussama
El Omari, CEO of RAK FTZ, said: "(...)The recognition goes to
prove our strong credentials across various attributes, including
our cost-effectiveness and economic potential on offer. RAK FTZ has
gone to great lengths to create a conducive and business-friendly
environment over the last 10 years, and this honour sends out a
clear message to the global business community that RAK FTZ is
indeed the
