During the first quarter of 2016, statistics show that Ras Al Khaimah played a major role in the UAE’s industrial sector growth, accounting for 50 percent of the number of new factories built and 30 percent of the total new industrial licenses.
Ras Al Khaimah, the northernmost emirate in the UAE, has a population of 345,000 and covers a land area of 1,684 square kilometers. A fast-growing emirate, it has seen a yearly growth rate average of 8.8 percent -- one of the highest in the MENA region. Sheikh Saud Al Qasimi, ruler of the emirate, took over from his father in 2010.
This emirate has a large-bulk handling port at Saqr, which is used as the base of operations for the region’s quarrying industry that provides construction materials for the entire Gulf region.
The UAE recorded $40 million in industrial investments in the first quarter in 2016, helping the Emirates grow -- and Ras Al Khaimah is right at the front of that growth.