RAKEZ and AmCham Dubai Unite to Strengthen Economic Ties

A strategic partnership has been forged between Ras Al Khaimah Economic Zone (RAKEZ) and the American Business Council in Dubai (AmCham Dubai) through the signing of a Memorandum of Understanding (MoU). The collaboration aims to bolster business cooperation and support the growth of both entities, enhancing their ability to attract and sustain businesses in the region.

The MoU was signed during a high-profile meeting at Saqr bin Mohammed City in Ras Al Khaimah, attended by H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. The meeting also included Martina Strong, the US Ambassador to the UAE, and representatives from major American companies. Sheikh Saud emphasized the significance of strengthening economic ties with strategic partners to drive sustainable development in Ras Al Khaimah, a growing hub for business and investment.

Ramy Jallad, Group CEO of RAKEZ, and Sammy Bousaba, Chairman of AmCham Dubai, signed the MoU. This agreement is expected to provide a framework for both entities to collaborate on various initiatives aimed at enhancing the business environment, offering more opportunities for companies operating in the region, and facilitating the entry of new businesses.

This partnership is part of a broader effort by Ras Al Khaimah to solidify its position as a leading business destination in the UAE. The MoU will enable RAKEZ and AmCham Dubai to leverage each other's strengths, resources, and networks to support the business community more effectively. It also reflects the deepening trade relations between the UAE and the United States, further highlighting the UAE’s role as a key player in the global economy.

Ambassador Strong and the American delegation expressed appreciation for the hospitality extended by the Ruler of Ras Al Khaimah and lauded the strong economic ties between the UAE and the US. The partnership between RAKEZ and AmCham Dubai is anticipated to create a more dynamic and competitive business landscape in Ras Al Khaimah, attracting a diverse range of companies and investors.

This MoU is a significant step towards enhancing the strategic partnership between the UAE and the US, particularly in the areas of business and investment, and aligns with Ras Al Khaimah's vision to become a preferred destination for international businesses.