News Middle East09 May 2019

UAE:RAK Chamber partners Etihad Credit Insurance to promote RAK as global hub for manufacturing and exports

| 09 May 2019

Ras Al Khaimah Chamber of Commerce and Industry (RAK Chamber) and Etihad Credit Insurance (ECI) have jointly organised a workshop for the export community to provide a thorough and comprehensive understanding of the emirate's rising profile as a regional and global hub for manufacturing and exports in the UAE.

The workshop opened with keynote addresses by RAK Chamber director-general Mohamed Hasan Al Sabab and ECI CEO Massimo Falcioni CEO, highlighting the potential of RAK and what it has to offer to UAE business and export community.

In a statement, RAK Chamber said the highlight of the workshop was the interactive panel Q&A session – headed by senior ECI officials, a legal expert and a representative from the export community – which discussed timely and relevant topics related to contributing to the country’s non-oil diversification goals as well as augmenting trade and export activities between local and global companies.

Mr Al Sabab said the chamber works towards enhancing the business environment sustainability within the emirate by supporting the relationship between its members and the business communities at large. “Our partnership with ECI will advance RAK’s growth by supporting exporters and entrepreneurs in their contribution to the country’s economy. This workshop serves as the perfect platform for RAK Chamber to take this dialogue on sustaining exports and raising the foreign trade potential of the emirate to the next level,” he added.

"Our partnership with the RAK Chamber supports ECI’s mandate to boost the non-oil sectors in the country. The manufacturing sector has made a substantial contribution in elevating the profile of RAK as a key player in driving the sustainable progress of the Emirate. By jointly conducting the workshop with RAK Chamber, we are sending forth a strong message of strengthening the local companies through comprehensive solutions as well as by encouraging increased trade and export activities,” said Mr Falcioni.

Exports from RAK Chamber members reached AED7.9bn ($2.2bn) in 2018, and comprise a good mix of products, including stone, plaster, cement, ceramics and glass products.

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