Markets

RAKEZ projects India-UAE trade could hit $200 billion by 2032

Growth is expected to be driven by the CEPA agreement and the expanding BRICS bloc, with RAKEZ positioning itself as a primary entry point for Indian manufacturers.

        Inside RAK Desk
        Published 14 Sept 2026
        
        3 min read
        
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Key facts

Key year: 2032
Project value: $200bn
Volume / scale: 200b

What happened

The Ras Al Khaimah Economic Zone (RAKEZ) has underscored a bullish outlook for India-UAE trade, with projections suggesting the bilateral trade volume could reach $200 billion by 2032. This growth is expected to be accelerated by the Comprehensive Economic Partnership Agreement (CEPA) and the expanding influence of the BRICS bloc.

India remains one of the most significant partners for RAK, particularly in the manufacturing and industrial sectors. RAKEZ has become a primary entry point for Indian firms seeking to establish a regional base to export goods across the GCC and Africa.

The projected increase in trade is expected to drive further investment into RAK's industrial zones, with a focus on sustainability, technology, and advanced manufacturing. The alignment of BRICS interests is seen as a catalyst for new capital flows and diversified trade corridors.

For Ras Al Khaimah, this economic trajectory validates the emirate's strategy of offering competitive licensing and infrastructure to attract global trade hubs. The deepening relationship with India is central to RAK's goal of becoming a diversified, export-led economy.

Frequently asked

What is the main update in RAKEZ projects India-UAE trade could hit $200 billion by 2032?

The Ras Al Khaimah Economic Zone (RAKEZ) has underscored a bullish outlook for India-UAE trade, with projections….

Why does this matter for Ras Al Khaimah?

It reflects broader momentum in the RAK economy and guides capital allocation for local and foreign investors.

What are the key numbers behind this story?

The standout figure is $200bn (Project value). This scale underpins the strategic importance of the development for the emirate.

Sources & attribution

Every factual claim above traces to one of the following. Where a figure is an InsideRAK calculation, it is marked as such.

Source The Economic Times — original reporting 2026-09-14

InsideRAK is an independent publisher and is not affiliated with any Ras Al Khaimah government body. This report was compiled from the sources above and verified against published records. Spot an error? corrections@insiderak.com