Ras Al Khaimah Economic Zone (RAKEZ) has entered into a partnership with the UAE-India CEPA Council (UICC), to strengthen the UAE-India bilateral economic ties.
The MoU was signed by Yaser Abdulla Al Ahmed, Chief Government and Corporate Relations Officer at RAKEZ, and Ahmed Aljneibi, Director at UICC. The signing ceremony took place during the UAE-India Business Forum held in Mumbai, India.
The agreement aims to raise awareness of the UAE-India Comprehensive Economic Partnership Agreement (CEPA)’s benefits, to foster deeper economic, investment, and trade relations between private sector stakeholders. Under this partnership, both parties will exchange information and explore collaborative opportunities, with a focus on promoting greater interaction among their members.
Ramy Jallad Group CEO – RAKEZ
“UAE-India economic cooperation is a cornerstone of both countries’ growth trajectories, and this MoU with the UICC is a significant step in deepening that link. By contributing to the UAE-India CEPA, we aim to unlock new opportunities for businesses on both sides, driving innovation, trade, and investment. Through this partnership, RAKEZ will facilitate connections and strengthen its business ecosystem where more Indian companies can thrive and expand their operations, contributing to mutual economic success.”
Ahmed Aljneibi, UICC Director, commented that, “The signing of this MoU underlines the critical importance RAKEZ and the emirate of Ras Al Khaimah have played, and continue to play in the broader UAE-India bilateral partnership. The UICC is excited to work with RAKEZ in further promoting the benefits of the UAE-India CEPA, and the broader opportunities that exist in the bilateral economic, investment, and trade partnership between the two countries.”
Building on the ongoing momentum of the UAE-India CEPA, the MoU seeks to bolster trade and investment ties between the two countries. Both RAKEZ and the UICC are set to harness their resources and elevate the UAE-India economic relationship to new heights.
With over 6,000 Indian investors, India is a key market for RAKEZ. Renowned India companies such as Ashok Leyland, Dabur, Sejal Glass, Bosco Aluminium, Royal Gulf Industries, and Mahindra thrive in Ras Al Khaimah due to its favorable business ecosystem, proximity to major transport hubs, and advanced infrastructure.
Furthermore, the UAE-India CEPA and the extensive network of Free Trade Agreements (FTAs) provide these investors with unparalleled opportunities to drive market growth and expand their global reach.
