#PROJECT-Ras Al Khaimah: RAK MARITIME CITY

THE DUBAI GUYS · May 17th, 2011, 10:00 AM

Maritime City to generate Dh40m

Saud inaugurates Dh520m free zone facilty in Ras Al Khaimah to boost trade

Ras Al Khaimah: The newly-launched RAK Maritime City is expected to boost the local economy and generate Dh40 million in revenue in its first year of operations, its General Manager told Gulf News.

The RAK Maritime City, the UAE's newest maritime free zone, was officially launched yesterday by His Highness Shaikh Saud Bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah. The City is an effort to "mimic the past with modern tools" as the emirate reconnects with its maritime tradition of trade, he said.

A total of Dh520 million was invested in the 8 million square metre maritime industrial park.

Of this, Dh400 million was spent on construction and Dh120 million on Phase One infrastructure projects including security, fencing and drainage systems, said captain Colin Crookshank, general manager of the City.

The City is fully operational and has three clients operating in it including the German gypsum board manufacturer Knauf, Malaysian barge and tug operator Shin Yang and Greek construction company Archirodon.

The management is in talks with several clients and is aiming to attract 30 to 40 customers in medium to heavy industries within the next 18 months. Crookshank said.

The project is expected to create 5,000 jobs during the next 18 to 24 months when the infrastructure is completed and will boost export and import activity at the nearby Saqr Port by 25 per cent in its first year, City representatives said.

Phase 2 involves deep-sea expansion that will cost $3 billion (Dh11 billion) to $4 billion, he said. Funding is "always a challenge" and the City is still seeking funds from various investors but hoping sea reclamation will start within the next two years, he said.

"It's a massive investment. The RAK government won't do it on its own, it will talk to investors."

Strategic location

With its strategic location, the RAK Maritime City is taking precautions against the growing threat of piracy.

The City, strategically located near the Strait of Hormuz, spent Dh1.5 million on security measures as the threat of piracy creeps closer to the Gulf, said Crookshank.

"We are keeping a close eye on anti-piracy requirements as piracy gets closer to the Gulf."

Asked how the RAK Maritime City will compete with similar facilities and free zones in other emirates, Crookshank said it offers a strictly non-residential, non-leisure space to form industrial clusters, provide large plots, and exclusive access to the water.

Representatives from the City insisted that it will "complement" rather than directly compete with similar existing facilities.

Registering with the City means reduced insurance and fuel costs, easy access to the Gulf, 100 per cent ownership, full repatriation of profits and no corporate tax, Crookshank said.

The City has not announced a contractor for Phase 2, but tenders for various infrastructure projects including road and drainage systems will be announced in the next 6 to 12 months, said Crookshank.

The China Harbour Construction Company was commissioned to develop the City in 2008 for phase 1 and Halcrow Engineering is the project consultant.

RAK Maritime City is aiming to attract medium to heavy industry companies in steel, petrochemicals and construction and is considering three or four "mega" projects which are currently confidential, said city board member Nasser Bustami.

Companies in the City can also ship by road, sea or rail as the Itihad (Union) railway includes Saqr Port as its final station and links with the E611 highway running from Abu Dhabi to the northern emirates, said Alan Pollard, Business Development Manager at the City.

http://gulfnews.com/business/shippin...dh40m-1.808771

R

Face81 · May 17th, 2011, 11:16 AM

How interesting! Go RAK!

princ · August 24th, 2012, 07:16 AM

tinks

تحميل صور

michealpham1301 · January 18th, 2013, 07:22 AM

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May 17th, 2011, 10:00 AM	#1
THE DUBAI GUYS Ruff 'n' Ready Join Date: Aug 2004 Location: Dubai City, Dubai Posts: 3,592 Likes (Received): 2	#PROJECT-Ras Al Khaimah: RAK MARITIME CITY Maritime City to generate Dh40m Saud inaugurates Dh520m free zone facilty in Ras Al Khaimah to boost trade Ras Al Khaimah: The newly-launched RAK Maritime City is expected to boost the local economy and generate Dh40 million in revenue in its first year of operations, its General Manager told Gulf News. The RAK Maritime City, the UAE's newest maritime free zone, was officially launched yesterday by His Highness Shaikh Saud Bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah. The City is an effort to "mimic the past with modern tools" as the emirate reconnects with its maritime tradition of trade, he said. A total of Dh520 million was invested in the 8 million square metre maritime industrial park. Of this, Dh400 million was spent on construction and Dh120 million on Phase One infrastructure projects including security, fencing and drainage systems, said captain Colin Crookshank, general manager of the City. The City is fully operational and has three clients operating in it including the German gypsum board manufacturer Knauf, Malaysian barge and tug operator Shin Yang and Greek construction company Archirodon. The management is in talks with several clients and is aiming to attract 30 to 40 customers in medium to heavy industries within the next 18 months. Crookshank said. The project is expected to create 5,000 jobs during the next 18 to 24 months when the infrastructure is completed and will boost export and import activity at the nearby Saqr Port by 25 per cent in its first year, City representatives said. Phase 2 involves deep-sea expansion that will cost $3 billion (Dh11 billion) to $4 billion, he said. Funding is "always a challenge" and the City is still seeking funds from various investors but hoping sea reclamation will start within the next two years, he said. "It's a massive investment. The RAK government won't do it on its own, it will talk to investors." Strategic location With its strategic location, the RAK Maritime City is taking precautions against the growing threat of piracy. The City, strategically located near the Strait of Hormuz, spent Dh1.5 million on security measures as the threat of piracy creeps closer to the Gulf, said Crookshank. "We are keeping a close eye on anti-piracy requirements as piracy gets closer to the Gulf." Asked how the RAK Maritime City will compete with similar facilities and free zones in other emirates, Crookshank said it offers a strictly non-residential, non-leisure space to form industrial clusters, provide large plots, and exclusive access to the water. Representatives from the City insisted that it will "complement" rather than directly compete with similar existing facilities. Registering with the City means reduced insurance and fuel costs, easy access to the Gulf, 100 per cent ownership, full repatriation of profits and no corporate tax, Crookshank said. The City has not announced a contractor for Phase 2, but tenders for various infrastructure projects including road and drainage systems will be announced in the next 6 to 12 months, said Crookshank. The China Harbour Construction Company was commissioned to develop the City in 2008 for phase 1 and Halcrow Engineering is the project consultant. RAK Maritime City is aiming to attract medium to heavy industry companies in steel, petrochemicals and construction and is considering three or four "mega" projects which are currently confidential, said city board member Nasser Bustami. Companies in the City can also ship by road, sea or rail as the Itihad (Union) railway includes Saqr Port as its final station and links with the E611 highway running from Abu Dhabi to the northern emirates, said Alan Pollard, Business Development Manager at the City. http://gulfnews.com/business/shippin...dh40m-1.808771 R

May 17th, 2011, 11:16 AM	#2
Face81 Registered User Join Date: Aug 2004 Location: London \| Dubai Posts: 5,351 Likes (Received): 39	How interesting! Go RAK! __________________ We will never forget any of you... The late Sheikh Maktoum Bin Rashid Al Maktoum [1943 - 2006] The late Sheikh Zayed Bin Sultan Al Nahyan [1918 - 2004] The late Sheikh Rashid Bin Saeed Al Maktoum [1912 - 1990]

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August 24th, 2012, 07:16 AM	#3
princ BANNED Join Date: Aug 2012 Posts: 9 Likes (Received): 0	tinks تحميل صور

January 18th, 2013, 07:22 AM	#4
michealpham1301 BANNED Join Date: Jan 2013 Posts: 7 Likes (Received): 0	Mở bán can ho hoang anh thanh binh đối diện Lotte Mark quận 7 và can ho phu my van phat hung có vị trí đắc địa và giá rẻ nhất thị trường Căn hộ Tphcm hiện nay. Ngoài ra chủ đầu tư dự án Căn Hộ Sunrise City sẽ cho quý khách thanh tóan linh họat lên tới 45 đợt trong vòng 5năm không lãi suất. can ho phu hoang anh Bạn đang có nhu cầu cần mua nhà hoặc căn hộ, nhà phố, biệt thư.... Sàn Giao Dịch Bất Động Sản Khai Hoan Land chuên bán cho thuê can ho hoang anh an tien, bán căn hộ quận 7 và bán nhà quận 7 , bán biệt thự quận 7- cho thuê căn hộ quận 7 với cam kết giá tốt nhất thị trường ? Hãy liên hệ chúng tôi Sàn Giao Dịch Bất Động Sản Khai Hoan Land Phú Mũ Hưng quận 7 với đội ngũ Chuyên Viên Tư Vấn tận tâm nhất. Qúy khách xem thêm qua trang 2 website: Đất Lành Chim Đậu và Mua Ban Nha Dat