Ras Al Khaimah is on the brink of becoming the next investment hotspot, the Oxford Business Group's The Report: Ras al-Khaimah 2008 has revealed.

The global publishing, research and consultancy firm will officially launch The Ras Al Khaimah Report today (September 24) at the Al Hamra Fort Hotel & Beach Resort.

Ras Al Khaimah Free Trade Zone Authority (RAK FTZA), which participated extensively in the 2008 report with an in-depth analysis on investment and trade opportunities in the emirate, said the publication is of particular benefit to its international clients, as it provides an extensive profile of the emirate covering a wide range of topics, from politics, macroeconomics, infrastructure, and banking to developments in a variety of sectors.

The zone issued copies of The Ras Al Khaimah Report to their international business centres in India, Germany, Turkey and New York as well as to various embassies, and has also taken copies when attending exhibitions here and abroad.

Ras Al Khaimah (RAK), the fourth largest emirate at the northernmost tip of the United Arab Emirates, has abundant natural resources, rich agricultural lands, scenic coasts and diverse landscapes.

The Report: Ras al-Khaimah 2008 is a factual guide which gives an extensive profile of the emirate and provides an invaluable resource to investors on the emirate's economy, infrastructure, commerce, politics, real estate, tourism and environment.

It is written by international analysts with more than 200 interviews from representatives of different sectors including Sheikh Saud bin Saqr Al Qassimi, Crown Prince and Deputy Ruler of Ras al-Khaimah, Sheikh Faisal bin Saqr Al Qasimi, Chairman, RAK Free Trade Zone and Oussama El Omari, CEO and Director General, RAK Free Trade Zone.

The findings of the report is not a surprise as RAK has continuously been promoting development and construction within the emirate such as the fast-growing Ras Al Khaimah Free Trade Zone (RAK FTZ), an effective and efficient gateway to the region for businesses and investors.

'Ras Al Khaimah offers investors an unlimited avenue for growth and expansion. RAK FTZ for instance is tax-free, has state-of-the-art facilities and offers top quality services for less cost making it the perfect hub for businesses,' shares Oussama El Omari, CEO and director general of the Ras Al Khaimah Free Trade Zone (RAK FTZ).

'Ras Al Khaimah aims to be one of the leaders in tourism and trade in the region, and Oxford Business Group report affirms that RAK's development has been en pointe. Our natural resources and landmark projects are becoming a big draw that are attracting investors from all over the world,” adds El Omari.   

The annual economic review, 'The Report: Ras Al Khaimah 2008’ will be officially launched on 24th September at the Al Hamra Fort Hotel & Beach Resort. 'The Ras Al Khaimah Report' is available for sale both online and in print. - TradeArabia News Service