Innovation City passes 1,000 licensed startups
The free zone, formerly RAK Digital Assets Oasis, licenses qualifying founders in 2–3 days across five sectors — Web3, AI, gaming, robotics and healthtech.
- Volume / scale: 1,000
What happened
Innovation City, the free zone formerly known as RAK Digital Assets Oasis, has now licensed more than 1,000 startups since its relaunch as what it calls the world's first AI-powered free zone. Qualifying founders can be licensed in as little as 2–3 days, a pace the zone positions squarely against slower-moving hubs elsewhere in the region.
Why it matters
The zone's five founding sectors — Web3 and digital assets, artificial intelligence, gaming and iGaming, robotics, and healthtech — carry over its origins as a digital-assets free zone while broadening the pitch to AI-native founders more generally. It now sits alongside RAKEZ's wider 40,000-company base as one of two entry points into RAK's free-zone ecosystem; our RAKEZ & business setup guide breaks down how the two relate.
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Frequently asked
What is the main update in Innovation City passes 1,000 licensed startups?
Innovation City, the free zone formerly known as RAK Digital Assets Oasis, has now licensed more than 1,000 startups….
Why does this matter for Ras Al Khaimah?
It accelerates RAK’s innovation and AI ecosystem, attracting startups, talent and venture activity.
What are the key numbers behind this story?
The standout figure is 1,000 (Volume / scale). This scale underpins the strategic importance of the development for the emirate.
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
