Pakistan 3rd largest investor in RAK

KARACHI: Pakistan is the third largest investor in Ras Al Khaimah Free Trade Zone (RAK FTZ) of the United Arab Emirates after India and the United Kingdom, said an official of the Zone on Wednesday.

“The number of inquiries of Pakistani businessmen to set up an industry or office in RAK FTZ has increased during the last two to three years,” said Azfar Saeed, Marketing and Business Investment Manager of the Zone at a road show.

Setting up an office or industry in RAK costs three to four times less money than in Dubai, he said, adding that the zone allows 100 percent repatriation of profits and provides all utilities 24 hours a day with peaceful environment.

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