Ras Al Khaimah Free Trade Zone (RAK FTZ) has brought home a prestigious award from the inaugural Burj CEO Awards, winning the "Best Global Free Zone" title.

Izzat Barakat, RAK FTZ chief commercial officer, accepted the award from Sheikh Juma bin Maktoum Al Maktoum, patron and chairman of CEO Club Network and the Burj CEO Awards, on behalf of the free zone at the awards awards ceremony gala dinner at The Mayflower Hotel, Washington DC, US.

The event was attended by the UAE officials, US government officials, and CEOs as well as local and international  business community.

"The year 2016 is really turning out to be another remarkable year for RAK FTZ," Barakat said. "Holding this trophy makes me feel proud of what we have accomplished for our clients in the free zone. We are grateful to be recognised for our quality performance. The feeling is always priceless when our dedication to delivering excellent services to the growing international business community in Ras Al Khaimah pays off."

The award is RAK FTZ's third recognition from award-giving bodies this year.

 A high-calibre judging panel composed of respected executives, entrepreneurs, innovators and business educators  selected the winners of the Burj CEO Awards based on their achievements and outstanding contributions to the business network.  

RAK FTZ provides world-class services and facilities, enabling clients to quickly and efficiently set up and grow profitable companies in the UAE. Home to more than 8,600 active companies from over 100 countries and over 50 industry sectors, RAK FTZ offers a completely tax-free status to its clients, allows for 100 per cent foreign ownership and unrestricted repatriation of profits, in addition to a host of other business-friendly incentives. - TradeArabia News Service