Government

S&P forecasts GDP growth accelerating to 4.3% by 2027–28

S&P's latest read on Ras Al Khaimah's economy points to growth accelerating toward 4.3% by 2027–28, up from a current run-rate closer to 3.3%. The agency credits the emirate's diversification strategy: no single sector now contributes more than 27% of GDP, spreading risk across tourism, manufacturing, real estate, shipping and digital industries.

That balance is the throughline of RAK Vision 2030 and the reason investors increasingly compare the emirate to more diversified regional economies rather than single-sector oil producers. It's also the headline figure InsideRAK tracks on its Invest page as the macro anchor for every sector call we make.

Source & Category

CategoryGovernment
PublishedThis week
SourceKhaleej Times
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