Ras Al Khaimah Economic Zone (RAKEZ) has continued its strong growth momentum by welcoming more than 3,490 new companies in the third quarter of 2025, bringing the total number of active businesses in its ecosystem to over 38,000.
This achievement marks another significant milestone for RAKEZ, reaffirming its position as one of the fastest-growing business hubs in the UAE and a key contributor to Ras Al Khaimah’s diversified economy.
Strong Growth Across Multiple Sectors
The newly registered companies represent a diverse mix of industries, with particularly strong growth seen in:
- Consultancy and professional services
- E-commerce and digital businesses
- General trading and logistics
- Media, marketing, and creative services
This wide range of business activities reflects RAKEZ’s success in attracting both startups and established enterprises from around the world through flexible licensing options and competitive setup packages.
Global Entrepreneurs Choose Ras Al Khaimah
In Q3 2025, RAKEZ saw increased interest from entrepreneurs and investors across Asia, Europe, and the Middle East, drawn by Ras Al Khaimah’s cost-effective environment and RAKEZ’s streamlined company formation process.
RAKEZ Group CEO Ramy Jallad commented:
“Our continuous growth demonstrates the confidence that global investors have in Ras Al Khaimah and RAKEZ’s business-friendly ecosystem. We are proud to serve as a strategic partner for entrepreneurs who seek sustainable growth, innovation, and access to regional and international markets.”
He added that RAKEZ’s focus on digital transformation, ease of doing business, and sector-specific infrastructure has played a crucial role in attracting this influx of new companies.
Supporting Innovation and Industrial Expansion
The third quarter also saw RAKEZ advance several strategic initiatives, including partnerships aimed at boosting manufacturing, sustainability, and innovation.
Key among these is the Erisha Smart Manufacturing Hub, a $10 billion industrial project being developed in collaboration with India’s Rana Group. The hub will span 15 million square feet, housing advanced facilities in e-mobility, renewable energy, and semiconductor production.
Such initiatives underline RAKEZ’s commitment to expanding Ras Al Khaimah’s position as a regional centre for industrial and technological development.
Driving Economic Diversification in Ras Al Khaimah
RAKEZ’s Q3 performance reinforces the emirate’s strategy to build a diversified, sustainable economy. By offering investors a wide range of business solutions—from freelancer permits and SME packages to large-scale industrial land—RAKEZ continues to support companies of all sizes and stages.
The zone’s business-friendly regulations, competitive costs, and strategic geographic location near key transport hubs make it a preferred destination for global entrepreneurs seeking to establish a foothold in the UAE.
About RAKEZ
Ras Al Khaimah Economic Zone (RAKEZ) is a leading business and industrial hub in the UAE that hosts over 38,000 companies from more than 100 countries, operating in over 50 industries. RAKEZ offers a range of flexible business setup solutions, modern facilities, and investor support services that cater to startups, SMEs, and multinational corporations alike.
Setting up a business with RAKEZ is one of the most cost-effective half-introductions into the UAE market—at Creative Business Solutions we typically see full rak freezone company setup cost (license, registration, flexi-desk or small office, and one visa) starting in the region of AED 20,000 to AED 50,000 for the first year.
The exact cost depends on your selected business activity, the workspace you choose (for example a flexi-desk vs private office), and how many visas you’ll need.
RAKEZ’s competitive pricing—lower than many other UAE free zones—along with the benefit of 100% foreign ownership, full profit repatriation and strategic access to regional markets makes it an excellent choice for startups, SMEs and international entrepreneurs alike.