Over 50 Indian firms eyeing operations in UAE's RAKEZ
Dec '18
RAKEZ group chief executive officer Ramy Jallad said out of the over 14,000 multinational companies present in RAKEZ, 22 per cent are Indian and more is being expected from India.
The economic zone offers uninterrupted power supply, easy access to fast-growing markets in the Middle East, North Africa, Europe, South and Central Asia through major logistical hubs, and is well connected to various countries through road and five ports.
If an investor commits to bear 60 per cent of the cost of a new set-up, RAKEZ will help provide the rest, Jallad added. (DS)
Fibre2Fashion News Desk – India
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