RAK Central unveiled, the largest business district in the Northern Emirates

News|13 February 2024|5 Minutes

The emirate of Ras Al Khaimah recently unveiled its ambitious project to develop the largest business district in the northern region of the United Arab Emirates: RAK Central. This gigantic complex promises to transform the local economy and attract businesses from all over the world, thanks to its high-end real estate and hotel offering and unique topography.

A landmark inauguration for the Emirate of Ras Al Khaimah

Sheikh Ahmad bin Saqr Al Qasimi, Chairman of the Ras Al Khaimah Free Economic Zone, officially inaugurated RAK Central, a 740-hectare project representing an estimated investment of several billion dirhams. This announcement is part of the emirate’s economic diversification strategy, as it seeks to strengthen its position as a regional business hub.

A large-scale project to boost the local economy

RAK Central is intended to be a major economic hub in the region, with a major shopping center, multiple residential and commercial areas, as well as green spaces. This modern infrastructure is designed to attract international and local companies, creating jobs and stimulating sustainable economic growth in the emirate. Ras Al Khaimah’s unique topography, with its mountains, beaches and deserts, provides an idyllic setting for this future business district.

A business district that meets companies' needs

With a total area of almost 740 hectares, RAK Central will offer a multitude of real estate options for companies of all sizes. The project promoters emphasized the quality of the equipment and the choice available to meet the specific needs of each company. The main technology park, which is expected to attract companies specializing in innovation and cutting-edge technologies, is designed to be flexible and adaptable to the different industries present on the site.

Increased hotel capacity for business travelers

Aware that hotel capacity is an essential element in attracting investors and professionals, Ras Al Khaimah plans to double its capacity by 2025. There are currently around 5,900 hotel rooms in the region, representing a 25% increase on 2018. With RAK Central, investors will have the opportunity to build additional hotels to meet the growing demand for accommodation for international and domestic visitors.

A strategic location close to major economic centers

RAK Central is an hour’s drive from Dubai and 45 minutes from both international airports, offering quick access to local and international transport infrastructures. This location will give companies and investors easy access to local and regional markets. What’s more, the proximity to other participating emirates such as Abu Dhabi and Sharjah further strengthens interest in this new economic hub.

Modern transport infrastructure to facilitate travel

As part of the development of RAK Central, significant improvements will be made to the emirate’s road and mass transit infrastructure. These include extending the local road network, improving the existing rail network and building new stations to facilitate travel between RAK Central and the region’s main cities.

A commitment to sustainable development

One of RAK Central’s main objectives is to be an example of sustainable development, respectful of the environment and society. The project calls for the creation of numerous green spaces, as well as the use of innovative, eco-responsible technologies to minimize the business district’s carbon footprint. The project’s promoters also emphasized the importance of intelligent, people-centered urbanization in the design and realization of RAK Central. Residential, commercial and recreational spaces will be laid out in such a way as to enhance residents’ quality of life and optimize travel.

Opportunities for local businesses

RAK Central is a unique opportunity for local companies to raise their profile and benefit from the synergies created by this new economic hub. Opportunities abound, from the hospitality sector to service providers, builders and property developers. The strong economic development potential offered by RAK Central represents an opportunity for local entrepreneurs, who will also be able to take advantage of this modern, competitive infrastructure to expand their activities in national and international markets.