MELA awards RAK FTZ 'Best Emerging Free Zone' for the third year

Ras Al Khaimah Free Trade Zone has once again been recognized for its stellar performance, winning recognition as 'Best Emerging Free Zone' for the third consecutive year at the 3rd Annual Middle East Logistics Awards (MELA).

The Ambassador of World Free Zone Convention and the Ex-CEO of RAK FTZ, Oussama El Omari, received the award in front of more than 400 logistics and industry professionals, at an exciting and glamorous event held at The Al Masa Ballroom of The Monarch Hotel, Dubai, on June 30, 2009.

"It is an honor to receive the MELA Best Emerging Free Zone Award for the third time," El Omari shared. "This is a great achievement which reflects our continuous labor to make RAK Free Trade Zone one of the most competitive and innovative free zones in the world. This honor would not have been possible without the strong support and leadership of H.H. Sheikh Saud bin Saqr Al Qassimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, and our Chairman, H.H. Sheikh Faisal Bin Saqr Al Qassimi," he added.

"This reward is a reminder that we are doing a great job, but we can still do better to serve our clients and to complement the Emirate of Ras Al Khaimah's great progress in making its mark on the world map."

Winners of the MELA awards were determined through votes of clients, industry peers, and members of the Middle East logistics community. Out of the seven nominees, RAK FTZ garnered the most number of votes in the 'Best Emerging Free Zone' category after the rigorous auditing of leading audit firm Horwath MAK.

The Middle East Logistics Awards aim to create value by encouraging, recognizing and rewarding achievers, performers and contributors within the logistics profession in 24 distinguished award categories.

Despite the economic crisis, RAK FTZ is enjoying a rise in revenues, with a reported 16 per cent increase from the first quarter of 2009 as compared to the same period of 2008. Registered companies have also seen an increase of four per cent from the last year. This shows that RAK FTZ has become a familiar and trusted free zone around the world.

The free trade zone also ensures that projects and business entities contribute to the development of the emirate in the areas of education by providing high standards of learning institutions to develop skills and knowledge of nationals, and industry to promote transfer of skills to the national work force from technology based companies in the free zone.

RAK FTZ, which continuously strives to provide the best services and products for its clients, including unique packages tailor-made for client needs, was also recently awarded the 'Industrial Area Award of the Year' by SCATA (Supply Chain and Transport Awards).

RAK FTZ offers four free zone park concepts for different businesses and investments: Business Park, Industrial Park, Technology Park, and the Al Ghail Park. These parks offer visa services, office facilities, equipped warehouses and land in easily accessible locations. With RAK FTZ's dedication and commitment to the environment, clients can rest assured that all measures for environmental safety have also been observed.


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