Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority
(Rakia) have announced their strategic partnership with Outlook Business, a weekly English business magazine in India, to organise this year's Smart Enterprise Summit.

The Outlook Business Smart Enterprise Summit is a one-day event that is set to gather stakeholders from various industries, said a statement from the authorities.

The event will be held on May 17 at St Regis Hotel in Mumbai, India.

It will highlight the true potential of Indian small and medium enterprises (SMEs) and explore various opportunities to further strengthen the sector, added the statement.

RAK FTZ and Rakia are two of the fastest-growing investment hubs in the UAE that offer free zone and non-free zone company formation. The entities are home to over 12,000 companies, and are proud business incubators for start-up companies in the UAE that provide tailor-made business solutions for a low cost, it said.

Csobonyei will conduct a detailed presentation during the event regarding the wide-ranging benefits offered by the UAE's stable business environment to Indian entrepreneurs. Also, RAK FTZ and Rakia will have a kiosk at the event where stakeholders can gain insights on how to easily access the world's powerhouse economies through the UAE, it stated.

Tomas Csobonyei, business development director, RAK FTZ, said: “We are glad to partner with Outlook Business to organise such significant summit as this, which intends to help small Indian entrepreneurs understand the factors needed to innovate and grow their businesses.”

“The Indian SMEs has a bright future ahead of them and if supported effectively, this sector can produce more exports and livelihood for the country,” he said.

"Supporting the growth of start-ups and SMEs is something that we are truly committed to. RAK FTZ and Rakia collaborate to help thousands of entrepreneurs from different parts of the globe become flourishing enterprises,” he added. – TradeArabia News Service