ISLAMABAD: Sheikh Pervez Ahmed, acting president of the Islamabad Chamber of Commerce and Industry (ICCI) has called upon the UAE investors to focus on Pakistan for investment and joint ventures as many sectors of Pakistan’s economy were opened for investment. He said that the government has provided various incentives to foreign investors and China-Pakistan Economic Corridor project would start a new era of investment activities in the country. He said that time was ripe for UAE investors to enhance investment in Pakistan to earn long-term high returns. He was addressing a seminar organized by Ras al-Khaimah Investment Authority in collaboration with Islamabad Chamber of Commerce and Industry on investment opportunities in Ras Al Khaimah Free Trade Zone.
At the occasion Senior Executive, Sameer Aqil, Investment Authority, Ras al-Khaimah gave a detailed presentation to the business community about Ras al-Khaimah Free Trade Zone (RAK FTZ). He said that RAK FTZ was a rapidly growing investment destination as over 12000 companies from 100 countries have already made investment in 50 various sectors in this Free Zone.
Highlighting benefits of setting up business in RAK FTZ, he said it offered 100 percent ownership to foreign investors with zero taxation and no customs duty on re-exported goods. RAK FTZ was at a distance of 45 minute drive from Dubai, provided 25 to 50% lower cost of doing business as compared to other regions of UAE and offered high returns on investment. He said RAK FTZ was equipped with all modern facilities including 5 seaports, 3 highways and required services to set up a business were provided under one roof while all procedures to establish a business were completed within 7 days. He said RAK FTZ was a gateway to the fast-growing global markets and stressed that Pakistani investors should explore investment opportunities in RAK FTZ to maximize their business prospects.
