Latest news with #RAKEZ
Zawya
24-07-2025
- Business
- Zawya
RAKEZ, Pioneer Asset Management cooperate to expand wealth planning support
RAS AL KHAIMAH - Ras Al Khaimah Economic Zone (RAKEZ) entered a strategic partnership with Pioneer Asset Management, a leading and independent wealth advisory firm, to enhance the financial planning support available to its clients. Under this agreement, RAKEZ will refer businesses and individuals seeking expert wealth management and estate planning services to Pioneer, which will deliver personalised advisory solutions in full compliance with the UAE financial regulations. In addition to tailored advice, RAKEZ clients will gain access to secure offshore investment accounts, comprehensive estate and succession planning, and fully insured wealth platforms offering structured portfolios with competitive target returns. The Memorandum of Understanding (MoU) was signed by Mohammed Kutyba, Director of Value Added Services at RAKEZ, and Guneet Pal Singh, Founder and Managing Director of Pioneer Asset Management, at Compass Coworking Centre. With 22 years of experience serving high-net-worth individuals globally, Pioneer Asset Management is headquartered in the UAE and has a strong presence across the Indian subcontinent, the Middle East, and Europe. The firm is known for its client-first philosophy and bespoke approach to wealth creation and preservation. This collaboration marks a strategic step in RAKEZ's ongoing efforts to build a holistic support system for its community of entrepreneurs, investors, and business owners. By aligning with one of the region's most trusted financial advisory firms, RAKEZ is enhancing its suite of services to help clients safeguard their assets, plan wisely, and grow sustainably.
Zawya
24-07-2025
- Business
- Zawya
RAKEZ expands wealth planning support for clients through collaboration with Pioneer Asset Management
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) entered a strategic partnership with Pioneer Asset Management, a leading and independent wealth advisory firm, to enhance the financial planning support available to its clients. Under this agreement, RAKEZ will refer businesses and individuals seeking expert wealth management and estate planning services to Pioneer, which will deliver personalised advisory solutions in full compliance with UAE financial regulations. In addition to tailored advice, RAKEZ clients will gain access to secure offshore investment accounts, comprehensive estate and succession planning, and fully insured wealth platforms offering structured portfolios with competitive target returns. The partnership was formalised through the signing of a Memorandum of Understanding (MoU) by Mohammed Kutyba, Director of Value Added Services at RAKEZ, and Guneet Pal Singh, Founder and Managing Director of Pioneer Asset Management, at Compass Coworking Centre. With 22 years of experience serving high-net-worth individuals globally, Pioneer Asset Management is headquartered in the UAE and has a strong presence across the Indian subcontinent, the Middle East, and Europe. The firm is known for its client-first philosophy and bespoke approach to wealth creation and preservation. Commenting on the collaboration, Singh said, 'This partnership gives us an opportunity to be part of the growth at RAKEZ and the UAE. Together, we're committed to making a positive impact and creating opportunities for growth and prosperity for our clients. We stand with our commitment of ethical business practices and complete transparency for clients.' Ramy Jallad, Group CEO of RAKEZ, said, 'At RAKEZ, we continuously strive to go beyond the conventional services expected from an economic zone. Our vision is to create a thriving ecosystem where businesses and individuals are supported operationally and empowered to make strategic, future-focused decisions. This collaboration with Pioneer Asset Management strengthens that vision by giving our clients direct access to expert financial planning guidance, an essential element for anyone looking to grow, preserve, and transition their wealth with confidence. It reinforces our role as a long-term partner in their success.' This collaboration marks a strategic step in RAKEZ's ongoing efforts to build a holistic support system for its community of entrepreneurs, investors, and business owners. By aligning with one of the region's most trusted financial advisory firms, RAKEZ is enhancing its suite of services to help clients safeguard their assets, plan wisely, and grow sustainably. About Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 35,000 companies coming from over 100+ countries and operating in more than 50 industries. RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers. A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.
Zawya
16-07-2025
- Business
- Zawya
RAKEZ delegation to India engages business leaders across three major cities
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) successfully wrapped up a week-long roadshow across key Indian cities, including Hyderabad, Mumbai, and Pune, further advancing its long-standing collaboration with India. Led by RAKEZ Group CEO Ramy Jallad, the delegation aimed to deepen business ties and foster strategic relations with Indian investors and enterprises. He said, 'India is a key market for us and home to one of our strongest investor communities. Our relationship with Indian businesses goes beyond participation in events and exhibitions. We have built deep-rooted connections through years of continuous engagement, and we are proud to be the go-to hub for thousands of Indian companies expanding into the UAE and beyond. This roadshow was part of our ongoing commitment to enabling Indian investors to thrive globally from our base in Ras Al Khaimah.' The delegation commenced its visit in Hyderabad at the Expand Middle East event hosted by international business advisory firm TConsult, where RAKEZ signed a strategic Memorandum of Understanding (MoU) with the World Telugu Information Technology Council (WTITC). The MoU, signed by Jallad and WTITC Chairman Sundeep Makthala, is set to bolster cross-border collaboration, particularly empowering the Telugu business community to access global opportunities through Ras Al Khaimah. The RAKEZ team also visited T-Hub, an innovation campus, and T-Works, one of the largest prototyping centres in India. In Mumbai, RAKEZ joined the UAE–India Start-up Series' launch at the Mumbai Start-up Sundowner, an initiative by the UAE-India CEPA Council to identify and support high-potential Indian startups. The team also engaged with the UAE Ambassador to India – H.E. Dr. Abdulnasser Alshaali, CEPA Council Director Ahmed Aljneibi, and Bombay Industries Association President Hitesh Shah to explore further economic cooperation. RAKEZ is already home to over 9,500 Indian investors, making India the top contributor to its community of over 35,000 companies. Major Indian enterprises like Mahindra, MSSL, Dabur Naturelle, Ashok Leyland, and Xpro Dielectric Films (part of the Birla Group) have found success operating from RAKEZ, which supports a broad spectrum of industries from manufacturing to FMCG and automotive. With its cost-effective set-up options, strong connectivity to regional and global markets, and tailored support for startups, SMEs, and industrial players, RAKEZ continues to stand out as a preferred destination for Indian businesses. Its partnerships with major Indian industry organisations such as Confederation of Indian Industry (CII), Maharashtra Industrial Development Corporation (MIDC), The Indian Chamber of Commerce (ICC), All India Association of Industries (AIAI), UAE-India CEPA Council, Indian Economic Trade Organisation (ITEO), and The Indian Chamber of Food and Agriculture (ICFA), further reinforce its commitment to empowering Indian enterprises to scale globally from the economic zone. The India roadshow is part of RAKEZ's broader international outreach strategy, through which it actively engages with key global markets to attract high-potential investors and foster strategic partnerships. As RAKEZ continues to expand its international presence, it remains committed to providing a robust and enabling environment for businesses to establish and grow via Ras Al Khaimah. For more information, please contact: Cleo Eleazar, Public Relations & Events Manager, RAKEZ Email: About Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 35,000 companies coming from over 100+ countries and operating in more than 50 industries. RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers. A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah. For more information, visit
Economy ME
14-07-2025
- Business
- Economy ME
RAKEZ posts 43 percent surge in new company registrations in H1 2025
The Ras Al Khaimah Economic Zone (RAKEZ) recorded a significant 43 percent annual increase in new company registrations for the first half of 2025. A total of 8,506 companies joined the RAKEZ business community between January and June this year, up from 5,933 in H1 2024, marking a significant leap in the economic zone's continued growth trajectory. 'This remarkable growth reflects the confidence investors place in RAKEZ and the emirate of Ras Al Khaimah as a whole. Our continued commitment to creating a supportive and dynamic environment for businesses is clearly resonating with entrepreneurs and companies from around the globe,' said Ramy Jallad , Group CEO of RAKEZ. Business community grows to more than 35,000 active companies The majority of new companies at RAKEZ operated in key sectors, including management, information and marketing consultancies; e-commerce; general trading; food and beverage; and building materials. These sectors continue to benefit from RAKEZ's robust infrastructure, simplified processes, competitive cost advantages and business-friendly ecosystem. As RAKEZ continues to appeal to a diverse global investor base, India led the list of top investor nationalities, accounting for 43 percent of new registrations, followed by Pakistan, the United Kingdom, Egypt and the Philippines. With this sustained momentum, RAKEZ is now home to a thriving business community of more than 35,000 active companies from over 100 countries, reinforcing its position as a leading business and industrial hub in the region. The economic zone remains deeply committed to its mission of empowering entrepreneurs, fueling economic growth and positioning Ras Al Khaimah as a global center of innovation and investment. 'By expanding our digital services, growing our value-added services portfolio, launching sector-focused hubs and introducing value-driven packages, we are ensuring that new and existing businesses have everything they need to grow and succeed. With strategic foresight, operational excellence, and a firm commitment to sustainable development, RAKEZ is poised to play a leading role in shaping the UAE's future economic landscape,' he added. Read| Dubai climbs to 7th most expensive city for HNWIs globally: Report Fastest-growing economic zone in UAE Earlier this year, RAKEZ was recognized as the fastest-growing economic zone in the UAE, reinforcing its position as a leading business hub that continues to drive economic progress and investment. The Annual Asian Arab Awards 2025 highlighted RAKEZ's strategic efforts to integrate client feedback into its service design and delivery, ensuring its solutions align with global best practices. This commitment enhances customer satisfaction and strengthens business success, contributing to a dynamic and thriving ecosystem for enterprises of all sizes. With a record-breaking 66 percent growth in new business registrations in 2024, RAKEZ has strengthened its support for start-ups, SMEs and international investors. Initiatives such as the Growth Series exemplify its commitment to fostering innovation, enabling business expansion and driving economic diversification. As 2025 progresses, RAKEZ remains steady in its commitment to empowering businesses and entrepreneurs, driving sustainable economic progress, and ensuring Ras Al Khaimah and the UAE remain centers of global investment. With a focus on strategic foresight, operational excellence and sustainable development, RAKEZ is well-positioned to shape the emirate's economic landscape and deliver another landmark year.
Zawya
14-07-2025
- Business
- Zawya
RAKEZ records 43% surge in new company registrations in H1 2025
Ras Al Khaimah Economic Zone (RAKEZ) recorded a significant 43 percent increase in new company registrations for the first half of 2025 compared to the same period last year. A total of 8,506 companies joined the RAKEZ business community between January and June this year, up from 5,933 in H1 2024, marking a significant leap in the economic zone's continued growth trajectory. Commenting on the surge, RAKEZ Group CEO Ramy Jallad, said, 'This remarkable growth reflects the confidence investors place in RAKEZ and the emirate of Ras Al Khaimah as a whole. Our continued commitment to creating a supportive and dynamic environment for businesses is clearly resonating with entrepreneurs and companies from around the globe.' 'By expanding our digital services, growing our value-added services portfolio, launching sector-focused hubs, and introducing value-driven packages, we are ensuring that new and existing businesses have everything they need to grow and succeed. With strategic foresight, operational excellence, and a firm commitment to sustainable development, RAKEZ is poised to play a leading role in shaping the UAE's future economic landscape,' he added. The majority of new companies operated in key sectors including management, information, and marketing consultancies; e-commerce; general trading; food and beverage; and building materials. These sectors continue to benefit from RAKEZ's robust infrastructure, simplified processes, competitive cost advantages, and business-friendly ecosystem. As RAKEZ continues to appeal to a diverse global investor base, India led the list of top investor nationalities, accounting for 43% of new registrations, followed by Pakistan, the United Kingdom, Egypt, and the Philippines. With this sustained momentum, RAKEZ is now home to a thriving business community of more than 35,000 active companies from over 100 countries, reinforcing its position as a leading business and industrial hub in the region. The economic zone remains deeply committed to its mission of empowering entrepreneurs, fueling economic growth, and positioning Ras Al Khaimah as a global centre of innovation and investment.
