New platform to drive Ras Al Khaimah's economic ambitions

Supplied (File photo)

Ras Al Khaimah is taking further measures to boost tourism and foreign investment.

Its newly launched 'SelectRAK' initiative will make it easier for international businesses to operate from the emirate.

The platform will assist eligible foreign investors acquire long-term residency visas as well as a home of their choice in Ras Al Khaimah.

It will also showcase the emirate's diverse tourist attractions, with a focus on 'affordable luxury'.

Ras Al Khaimah Tourism Development Authority (RAK TDA) has rolled out SelectRAK in partnership with the government advisory company Arton Capital.

"This strategic platform will serve as a one-stop-hub for promoting the Emirate, highlighting its tourism attractions to a global audience by underscoring business and investment opportunities, and showcasing a compelling lifestyle as a haven from the bustle of big cities," said Raki Phillips, CEO of RAK TDA.

Last month, RAK TDA announced over 20 sustainable tourism development initiatives worth half a billion dirhams.

More from Business News

  • Disney settles suit over women's pay for $43 million

    Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.

  • Etihad Airways adds ten new destinations for 2025

    UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.

  • Trump pledges new tariffs on Canada, Mexico, China

    US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.

  • UAE and Bahrain finalise ICV programmes procedures

    The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.

On Virgin Radio today

Trending on Virgin Radio