Business | Investment
US centre expected to help attract investors
The Ras Al Kaimah Free Trade Zone Authority hopes to attract US companies to invest in the emirate with the proposed opening of a business centre in New York City, a top official said on Thursday.
- By Natasha Marrian, Staff Reporter
- Published: 23:47 October 16, 2008
Dubai: The Ras Al Kaimah Free Trade Zone Authority hopes to attract US companies to invest in the emirate with the proposed opening of a business centre in New York City, a top official said on Thursday.
Chief Executive and Director General Oussama Al Omari said the Authority grew by almost 300 per cent last year due to its global expansion with offices in India, Turkey and Germany.
"We want to promote trade opportunities, to recruit companies via our business centre and take companies from here and establish and promote them in the United States. We want to promote trade both ways," he said.
Al Omari recently visited New York where preparations for the launch of the centre are at an advanced stage. He said the centre would begins operations next January. "We are focusing on creating a platform to promote trade in all sectors. Tourism will be a big part but we are promoting all sectors," he said.
He expressed confidence the local markets will withstand the global financial meltdown, saying the UAE market has in particular remained strong. "We see ourselves that the number of investors is not reducing; the number of companies investing is increasing. This is what we are actually seeing on the ground, the market is still strong," he said.
The US centre would provide ready-to-use office space and provide assistance to prospective business owners with the administrative tasks in opening a business in the emirate.
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