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RAK FortA must see for tourists

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Al Hamra TownhousesAffordable properties

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Why Invest in RAK

The Government of Ras Al Khaimah oversees a diversified and rapidly expanding economy, with full autonomy over its internal affairs, fiscal policy and economic development.

The Emirate's GDP components are varied with no one element exceeding more than 20% of total GDP. With strong GDP growth and sustainable economic development, Ras Al Khaimah is currently rated 'A' by both Fitch and Standard & Poors.

This rating is underpinned by strong financial and liability management and the IDO centrally controls all Sovereign debt issuances and closely manages Government borrowing ratios.

  • No corporate/income/export tax
  • Strategically located in the Arabian Gulf between the east and the west
  • Year-round sunshine and favorable weather
  • Magnificent tourist attractions and endless sandy beaches
  • Evergreen expanses of land and majestic mountains
  • No foreign exchange controls, trade barriers or quotas
  • No restrictions on capital repatriation
  • Easy access to key decision makers
  • Liberal labor laws

Click here to visit Investment and Development Office’s website

Economic News

FITCH AFFIRMS RAS AL KHAIMAH AT 'A'

FITCH AFFIRMS RAS AL KHAIMAH AT 'A'; OUTLOOK STABLE Fitch Ratings, London,

05 April 2013: Fitch Ratings has affirmed Ras Al Khaimah's Long-term foreign and local currency IDRs at 'A' with a Stable Outlook. The Short-term IDR is also affirmed at F1. The Country Ceiling is 'AA+', equal to that of UAE (United Arab Emirates) of which Ras Al Khaimah (RAK) is a member.

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S&P AFFIRMS RAS AL KHAAIMAH "A" RATING

On Dec. 19, 2012, Standard & Poor's Ratings Services affirmed its 'A/A-1' long- and short-term foreign and local currency sovereign credit ratings on the Emirate of Ras Al Khaimah. The outlook is stable. The transfer and convertibility assessment on Ras Al Khaimah is 'AA+,' as it is for all members of the UAE.

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Fitch Affirms Ras al Khaimah at 'A'; Stable Outlook

Fitch Ratings-London-05 April 2012: Fitch Ratings has affirmed the Emirate of Ras al Khaimah's (RAK) Long-term foreign and local currency Issuer Default Ratings (IDR) at 'A' with Stable Outlooks. The Short-term foreign currency IDR is affirmed at 'F1'. The Country Ceiling is 'AA+' (equal to the UAE Country Ceiling).

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S&P affirms RAK’s ‘A/A-1’ ratings

Ratings affirmed on continued growth and debt reduction

RAK citizens are relatively wealthy – GDP per capita is expected to be $21,897 in 2011 (FILE)

Global ratings agency Standard & Poor’s today affirmed its long- and short-term ‘A/A-1’ foreign and local currency sovereign credit ratings on the emirate of Ras Al Khaimah (RAK).

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