His Excellency Mohammed Ali Musabah Al Nuaimi, Chairman of the Ras Al Khaimah Chamber of Commerce, met with HE Le Pete Chin, Consul General of the Republic of Singapore in Dubai, on the future of trade relations between the two sides. Between Ras Al Khaimah and Singapore.
The meeting was attended by HE Yousif Ismail, Chairman of the Supreme Committee of the Saud Bin Saqr Foundation for Young Business Development, a member of the Board of Directors of Ras Al Khaimah Chamber, HE Aarfa Al Falahi, HE Aisha Al Qatami,
Al-Naimi stressed that the emirate of Ras Al Khaimah seeks to transform the economic cooperation relations with Singapore into an economic partnership in which the two parties contribute a greater role in the economic development. The experiences and elements of the two sides are available in different sectors, especially in tourism development, health care, Ras Al Khaimah also focuses on the development of the industrial sector and Singapore can play an important role in this field.
During the meeting, Al-Naimi said that RAK’s results at all economic levels have doubled over the past 10 years, which is a clear indication of the wise vision of His Highness Sheikh Saud Bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. The era of Ras Al Khaimah, which contributed to the qualitative leap of the emirate on the global economic calendar.
The Chairman of the Board of Directors of the RAK Chamber said that the economic incentives launched by the country’s wise leadership, including the freedom to own 122 economic activities, are considered to be a positive step forward for the economy in the short and long term and an opportunity for international companies to expand their business in the Middle East. During its presence in the country and to benefit from these incentives.
He called on the Singapore Consul to participate in both the International Small and Medium Enterprises Fair and the Arab Conference on Food Security Investment to be held in Ras Al Khaimah in November and December. The event will be attended by more than 300 countries and government and private institutions, Projects from participating countries to provide opportunities for international partnerships and global expansion.
For his part, Le Pete Chien, Consul General of the Republic of Singapore, stressed the importance of strengthening relations between the two sides and activating investment partnerships to serve economic development. He added that RAK has the potential to be an attractive investment destination supported by the government laws that attract the global economy.
He pointed to the desire of many Singaporean companies to hold business meetings with UAE investors to find new markets for their products as well as to discuss the investment opportunities available to both parties in the industrial, tourism, educational, health and food sectors in addition to the small and medium enterprises sector.