UAE plans office to draw funds to FTZ
Print Edition
RAS Al Khaimah, one of the seven emirates making up the United Arab Emirates, plans a representative office in China to attract Chinese investments to its free trade zone.
“As one of the fastest growing economic areas in UAE, Ras Al Khaimah Free Trade Zone is a politically stable investment destination for Chinese companies seeking a broader market and allows them to participate in China’s Silk Road strategy,” Sheikh Ahmad Saqer Mohamed Al Qasimi, chairman of the FTZ, said in Shanghai yesterday.
He revealed the FTZ plans to set up a representative office in China next year to further boost ties with Chinese investors.
The FTZ has attracted over 8,000 companies, including 47 Chinese trading, construction and health care firms.
The FTZ is located under an hour’s drive from Dubai International Airport.
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