RAKEZ Signs MoU with Indian Economic Trade Organisation To Promote International Business Collaboration
The Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organisation (IETO) have signed a Memorandum of Understanding (MoU) to promote international trade and investment connections between the UAE and India, highlighting their mutual commitment to business excellence. RAKEZ Chief Commercial Officer Anas Hijjawi and IETO President Dr. Asif Iqbal signed the Memorandum of Understanding.
The collaboration has numerous goals, including the organization of trade missions and investment conferences to enable Indian firms to understand what RAKEZ has to offer and to connect them with possible partners and investors in the UAE. The deal also provides customized business services for Indian enterprises interested in expanding into the MENA area. Furthermore, RAKEZ would help Indian enterprises start-up operations in the UAE through regulatory hurdles and secure relevant licenses, thus streamlining the market entrance process.
RAKEZ Group CEO Ramy Jallad said, “Our ties with Indian business entities are vital in the strengthening of UAE-India relations which has been on the rise post the Comprehensive Economic Partnership Agreement (CEPA) of 2022. The latest MoU with IETO as well as our recent collaboration with the Indian Chamber of Food and Agriculture to boost bilateral agro-trade highlights our dedication to nurturing international business ties and enhancing trade avenues with key markets such as India.”
IETO President Dr. Asif Iqbal said, “RAKEZ serves as an ideal framework that is built around facilitating business-friendly policies. It is an excellent hub for growing businesses across various scales, seeking simplified company formation processes in the UAE. It is exciting to witness a significant number of Indian enterprises making strides in RAKEZ, catering to both regional and global audiences.”