Ras Al Khaimah, UAE, July 16, 2024: Federal Express Corporation, the world’s largest express transportation company, collaborated with Ras Al Khaimah Economic Zone (RAKEZ), a pioneer business and industrial powerhouse in the UAE, to successfully host its inaugural strategic breakfast meeting to educate and share insights with over 50 companies in Ras Al Khaimah (RAK) about logistics innovations that can help local businesses expand into global markets.
The event, held at Movenpick, Marjan Island, highlighted the significance of “Taking Your Business Global”. Attendees had the opportunity to explore the latest FedEx products, services, and solutions that can help them expand their operations to reach new international markets and territories.
A strong logistics strategy is essential in light of the UAE’s economic goal of increasing the contribution of the industrial sector to the GDP from US$36 billion (AED 133 billion) to US$82 billion (AED 300 billion) by 2031 as part of Operation 300bn, the UAE’s industrial strategy. Accordingly, the UAE’s logistics sector is projected to grow by over 7% annually, with the market size expected to surpass US$30 billion (AED 110 billion) by 2030.
Speaking at the event, Sammy Bousaba, managing director of Sales for FedEx, said: “Efficient logistics play a critical role in global expansion. Our extensive network – which includes daily flights to and from the UAE through our state-of-the-art Hub at Dubai World Central – connects this region to key global markets, offering significant business expansion opportunities to local companies. Through innovative solutions and strategic collaborations such as our latest initiative with Ras Al Khaimah Economic Zone, FedEx continues to unlock new opportunities for UAE businesses while contributing to the development of the national logistics ecosystem and the goals of Operation 300bn.”
The event also underscored the supportive role of RAKEZ in facilitating business growth and internationalization. Being the hub of RAK industrial zone, RAKEZ offers a business-friendly environment with streamlined regulations and various incentives to attract foreign investments and encourage local businesses to expand globally.
Ramy Jallad, Group CEO of Ras Al Khaimah Economic Zone (RAKEZ), expressed enthusiasm about the event, stating: “Our collaboration with FedEx highlights our dedication to empowering businesses in Ras Al Khaimah. By offering access to world-class logistics solutions and expert guidance, we are equipping our members to navigate the complexities of international trade and achieve substantial growth. This collaboration aligns with the UAE Economic Vision 2030, as it adopts sustainable economic diversification and enhances the global competitiveness of our industrial sector.”
The breakfast meeting concluded with a networking session where attendees engaged with industry players, FedEx representatives, and RAKEZ officials, allowing valuable connections and sparking discussions on potential collaborations and business opportunities. The meeting served as a milestone for future RAKEZ initiatives aimed at supporting the international ambitions of RAK businesses.
About Federal Express Corporation
Federal Express Corporation is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. Federal Express Corporation uses a global air-and-ground network to speed delivery of time-sensitive shipments by a definite time and date.
FedEx press releases are available here.
About RAKEZ
RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 23,000 companies coming from over 100+ countries and operating in more than 50 industries.
RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers.
A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.