The Ras Al Khaimah Free Trade Zone (RAK FTZ), one of the fastest growing free trade zones in the UAE has made an entry into the top five best overall Middle East Free Zones of the Future listing. This major industry recognition is given by the fDi Magazine and Financial Times Business.
Being in the fourth place among 115 international free zones, this award was revealed during the recent fDi Magazine Middle East Free Zone rankings for 2011-12.
RAK FTZ was also rated as the third best overall, for economic potential across the Middle East, being the second best in UAE, and the fifth best free zone in the Middle East for cost effectiveness.
Nearly 115 free zones were evaluated in the annual free zone rankings and awards across six individual categories, including best incentives, best facilities best transportation links, best economic potential, and best FDI promotion strategy and the most cost-effective free zone.
The CEO of RAK FTZ, when speaking about the top free zones across the Middle East this year, said that the recognition proves the strong credentials of RAK FTZ across various attributes including cost-effectiveness and economic potential. This gives a clear message to the global business community that RAK FTZ is the Home for Business in the Middle East.
The international panel of judges have used a range of criteria laying strong emphasis on the major incentives offered by special economic zones, apart from facilities, cost effectiveness, economic potential and transportation links.