Ras Al Khaimah Chamber looking to turn the relationship with Singapore into partnership
Ras Al Khaimah: Mohamed Ali Musabbeh Al Nuaimi, Chairman of Ras Al Khaimah Chamber of Commerce and Industry, and Low Pit Chen, Consul-General of the Republic of Singapore in Dubai, have discussed future of trade relations, in addition to strengthening mutual ties and economic issues that contribute to reinforcing the investment cooperation, between the two sides.
The meeting was attended by Youssef Ismail, Head of the Supreme Committee of Saud Bin Saqr Foundation for Youth Project Development, Arifa Al Falahi, Aisha Al Qatami, Board members of Chamber of Commerce and Industry and Mohamed Hassan Al Sabab, Director General of RAK Chamber of Commerce and Industry.
Al Nuaimi said that the emirate seeks to transform economic relations with Singapore into a partnership in which both sides play a bigger role in economic development, whereas the elements of expertise are available in both sides, at various sectors, especially in tourism development, health care, construction and advanced industries.
He further highlighted that Ras Al Khaimah demonstrated significant growth during the last 10 years, which was a result of the continuous efforts made by the government to enhance the economy and establish its position as an attractive investment destination, supported by the leadership of His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah.
"The UAE Government has issued many decisions to stimulate, activate and facilitate businesses, specifying 122 economic activities to become eligible for 100 percent foreign ownership, which shall positively affect the economy on a short and long term basis, and offer the opportunity to international companies to expand their business in the UAE," Al Nuaimi added.
Al Nuaimi invited the Consul-General to participate in the events set to take place in Ras Al Khaimah, including the International Exhibition for SMEs and the 7th Arab Conference of Investment in Food Security, in the forthcoming November and December.