What happened
Ras Al Khaimah Economic Development Entity (RAKEZ) is aggressively pursuing growth in the Indian market, launching a comprehensive multi-city outreach program designed to attract high-value industrial investments. The initiative focuses on bridging the gap between Indian manufacturers and the UAE's strategic logistics hubs.
A cornerstone of this expansion is the signing of a Memorandum of Understanding (MoU) with the Organization of Pharmaceutical Producers of India (OPPI). This partnership is specifically aimed at facilitating the entry of Indian pharmaceutical companies into the RAK ecosystem, leveraging the emirate's competitive business setup costs and strategic location.
The outreach emphasizes RAK's role as a gateway for Indian firms seeking to expand into the GCC and African markets. By providing tailored incentives and streamlined licensing, RAKEZ is positioning itself as the preferred destination for Indian SMEs and large-scale industrial players alike.
This move aligns with the broader UAE-India Comprehensive Economic Partnership Agreement (CEPA), which seeks to increase non-oil trade. RAKEZ's targeted approach in the pharmaceutical and manufacturing sectors is expected to drive a new wave of FDI into the emirate, diversifying the industrial base and creating high-skilled employment opportunities.
By focusing on sector-specific alliances, RAKEZ is moving beyond general business setup services toward a strategic industry-cluster model. This shift ensures that new arrivals have the necessary institutional support and network to scale rapidly within the region.
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Sources
- Zawya — original reporting (accessed 2026-07-25)
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