India is a key market for RAKEZ and it already has over 6,000 Indian investors.
The Ras Al Khaimah Special Economic Zone (RAKEZ) recently signed a Memorandum of Understanding with the UAE-India CEPA Council (UICC), marking a significant step towards boosting bilateral economic partnership between the UAE and India.
RAKEZ Chief Government and Corporate Relations Officer Yaser Abdullah Al Ahmed and UICC Director Ahmed Aljinabi signed the agreement at the UAE-India Business Forum in Mumbai, India recently.
Economic potential of the UAE and India
The agreement between RAKEZ and UICC aims to raise awareness of the economic potential between the two countries, highlight the tangible benefits of the UAE-India Comprehensive Economic Partnership Agreement (CEPA), and deepen economic, investment and trade ties between private sector stakeholders. Under the agreement, the two entities will exchange information and explore opportunities for joint events to promote interaction among members.
“The signing of this MoU underscores the vital role RAKEZ and the Emirate of Ras Al Khaimah have played, and will continue to play, in the broader bilateral partnership between the UAE and India,” Aljinabi said.
Al-Jineibi expressed UICC’s determination to work with RAKEZ to further promote the benefits of CEPA and expand economic, investment and trade partnership opportunities between the two countries.
READ | Oxford Economics: UAE economy forecast to grow 4.8% in 2025 on non-oil sector and tourism surge
Promoting trade and investment relations
“The UAE and India’s economic cooperation is a cornerstone of both countries’ growth trajectories and this MoU with UICC marks an important step in deepening that relationship,” added Ramy Jalad, RAKEZ Group CEO.
RAKEZ’s contribution to the UAE-India CEPA aims to unlock new opportunities for businesses on both sides and drive innovation, trade and investment. “Through this partnership, RAKEZ will foster connectivity and strengthen the business ecosystem, enabling more Indian companies to thrive, expand their operations and contribute to our mutual economic success,” Jalad said.
The RAKEZ and UICC agreement builds on the continuing momentum of the UAE-India CEPA, which aims to further drive trade and investment links between the two countries. Both entities are committed to matching efforts and resources to take the UAE-India economic ties to exciting new heights.
India is a key market for RAKEZ, with over 6,000 Indian investors already on board.
For more economic news, click here.