Printer Friendly
The Free Library
22,738,802 articles and books

rak ftz hosted high profile german media delegation.



Summary: The Ras Al Khaimah Free Trade Zone Ras Al Khaimah Free Trade Zone (RAKFTZ) is one of the fastest growing free zones of the United Arab Emirates (U.A.E). Strategically located in the northern part of the U.A.E, and only 45 minutes by road from Dubai, it provides easy access to more than 2.  (RAK FTZ FTZ Foreign-Trade Zone
FTZ Free-Trade Zone
FTZ Fernmeldetechnisches Zentralamt (German telephone standard organization)
FTZ Forschungs- und Technologiezentrum der Deutschen Telekom
FTZ Finite Transmission Zero
FTZ Flush to Zero
) recently received a high profile media delegation, visiting Ras Al Khaimah from Germany to explore the emirate's business and tourism environment and understand its competitiveness in the region.

Oussama El Omari, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of RAK FTZ, welcomed the delegates and showed appreciation for their interest in supporting Ras Al Khaimah's efforts to promote a stronger business relationship with Germany. El Omari highlighted that the visits of various media delegations to RAK FTZ have played a fundamental role in helping the zone to penetrate and expand in international markets like Europe. RAK FTZ was awarded the title the leading Emerging Free zone in the region for the second year and has succeeded in registering almost 5000 companies including 210 German companies.

The Ras Al Khaimah Free Trade Zone (RAK FTZ) recently received a high profile media delegation, visiting Ras Al Khaimah from Germany to explore the emirate's business and tourism environment and understand its competitiveness in the region.

Oussama El Omari, CEO of RAK FTZ, welcomed the delegates and showed appreciation for their interest in supporting Ras Al Khaimah's efforts to promote a stronger business relationship with Germany. El Omari highlighted that the visits of various media delegations to RAK FTZ have played a fundamental role in helping the zone to penetrate and expand in international markets like Europe. RAK FTZ was awarded the title the leading Emerging Free zone in the region for the second year and has succeeded in registering almost 5000 companies including 210 German companies.

"It was our pleasure to host the German media delegation to Ras Al Khaimah. We are very proud of our home, and it was a chance for them to see firsthand why RAK FTZ is highly competitive in the global market," he said.

Europe is an important market which comprises 31% of the zone's clientele. This year alone, the RAK FTZ -- through its office in Cologne -- registered 60 companies.

Nadia Rinawi, RAK FTZ's regional manager for Germany, who was responsible for organizing the visit, accompanied the delegation on their tour of the emirate e·mir·ate  
n.
1. The office of an emir.

2. The nation or territory ruled by an emir.

Noun 1. emirate - the domain controlled by an emir
 and RAK FTZ, introducing the various opportunities that the zone offers and explaining its competitive advantages, including 100% tax exemption tax exemption, immunity from the requirement of paying taxes. Federal, state, and usually local law provide exemption from taxation for a wide variety of organizations, usually not-for-profit, such as churches, colleges, universities, health care providers, various  and 100% foreign ownership. RAK FTZ also offers transparent laws and regulations, no restrictions on capital and profit repatriation Repatriation

The process of converting a foreign currency into the currency of one's own country.

Notes:
If you are American, converting British Pounds back to U.S. dollars is an example of repatriation.
, a strategic location with close proximity to Dubai, state-of-the-art communication facilities, and easy access to Ras Al Khaimah International Airport Ras Al Khaimah International Airport (IATA: RKT, ICAO: OMRK) (Arabic: مطار رأس الخيمة الدولي) is 18 kilometres (13 miles) away from the city of Ras  and a sea port.

The delegation, representing Focus, Capital and Handelsblatt publications, were joined by representatives from the Consulate of Germany, German Industry and Commerce Office (AHK AHK Die Deutschen Auslandshandelskammern (Germany)
AHK Autohotkey (Windows open-source utility)
AHK Acid House Kings (Swedish band)
AHK Acylhomoserine Lactone
AHK Auto Hot Key
 Dubai), and management representatives from some of the German companies registered at RAK FTZ, including German Label, Techlead, and RAK German Engineering FZC FZC Free Zone Company
FZC Frank-Zadoff-Chu (Sequence)
FZC Focus Zero Cross
FZC Forward Erazure Correction (booster)
FZC Fuzzy's Children (gaming clan) 
, for a lunch hosted by RAK FTZ at Tower Links Golf Club.

The German media delegation also had the opportunity to interview H. H. Sheikh sheikh
 or shaykh

Among Arabic-speaking tribes, especially Bedouin, the male head of the family, as well as of each successively larger social unit making up the tribal structure. The sheikh is generally assisted by an informal tribal council of male elders.
 Faisal bin Saqr Al Qassimi, RAK FTZ Chairman and head of Ras Al Khaimah's Finance Department, on issues regarding the future of the emirate's tourism industry and his vision for RAK.

The two-day visit culminated in a tour of the zone's state-of-the-art facilities and excellent infrastructure at the Business and Technology Parks, followed by a city tour, dhow dhow

One- or two-masted Arab sailing vessel, usually with lateen rigging (slanting, triangular sails), common on the Red Sea and the Indian Ocean. On the larger types, called baggalas and booms, the mainsail is considerably bigger than the mizzensail.
 cruise, and mountain safari to showcase the beautiful scenery that makes Ras Al Khaimah a prime tourist destination A tourist destination is a city, town or other area the economy of which is dependent to a significant extent on the revenues accruing from tourism.

It may contain one or more tourist attractions or visitor attractions and possibly some "tourist traps".
.

The delegation was very impressed with what they have seen at RAK FTZ and Ras Al Khaimah in general including the upcoming projects in the emirate. They all left with a positive impression of Ras Al Khaimah and expressed their willingness to visit the emirate again.

Ras Al Khaimah Free Trade Zone (RAK FTZ) is a world-class business hub and a vehicle for industrial growth and development. The free zone, with its cutting-edge technology and keen customer focus, offers on-demand and custom-built support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services  to investors in a cost-effective and flexible environment. The Free Zone also offers a range of unique services which include the legal, human resources and marketing assistance.

The Free Trade Zone has created a system of four Parks -- Business Park, Industrial Park, Technology Park and Al Ghayl Industrial Park-- which offer identical advantages and benefits to investors. Backed by legislations allowing 100 per cent foreign ownership, tax-free environment, transparent laws and 100 per capital and profit repatriation, the free trade zone is well-positioned for global commerce.

Ras Al Khaimah Free Trade Zone is one of the fastest growing free trade zones, with more than 4,700 companies from 106 countries around the globe.

2008 Al Bawaba (www.albawaba.com)

2008 Al Bawaba (Albawaba.com)

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2008 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Albawaba.com
Geographic Code:4EUGE
Date:Dec 14, 2008
Words:776
Previous Article:Israel ready to extend calm deal.
Next Article:bed and breakfast await along with sparkling lights at four seasons hotel prague.
Topics:

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters