Ras Al Khaimah Investment Authority (Rakia), the government body responsible for the socio-economic growth of the emirate, recently received a high-level business delegation from Greece that visited Ras Al Khaimah to explore investment opportunities in the emirate.

Delegation members, who were taken on a tour of Ras Al Khaimah’s industrial facilities and free zones, expressed their desire to invest in key sectors such as food, hospitality and trade.
They also expressed interest in building a Greek-themed shopping mall in Ras Al Khaimah and revealed their plans to facilitate the register of Greek shipping companies with Rakia. Meanwhile, Ras Al Khaimah Airways has agreed to cooperate with several Greek tour operators to boost air travel between Greece and Ras Al Khaimah.
The visiting delegation was also shown a presentation by Raman Iyer, general manager of Rakia, highlighting the emirate’s strategic advantages and business-friendly policies; while Rakeen, the real estate development arm of the Ras Al Khaimah government, made a detailed presentation on the upcoming real estate projects in the emirate.
“It was certainly a pleasure to host a high-profile business delegation from Greece,” said Iyer. “The UAE and Greece enjoy a flourishing business relationship, and both countries have been extremely receptive to investment opportunities from each other. Proof of this is the fact that over the last three years, Greece’s trade figures with the UAE have tripled.
“We are glad that the delegation was extremely impressed with the infrastructural facilities and business climate in Ras Al Khaimah, which are the main factors making the emirate one of the most preferred investment destinations in the region. Rakia will extend its total cooperation and support to Greek investors who are keen to establish business operations in Ras Al Khaimah.”
Services represent the largest and fastest growing sector of the Greek economy with trade, banking, insurance, transportation and shipping, communications, healthcare, education and tourism being the largest service sub-sectors. Greece’s food industry is expanding rapidly to support new markets in neighbouring countries, and its largest export items include fresh and processed fruits and vegetables, olive oil, wheat and tobacco.