Ras Al Khaimah Tourism Development Authority (RAK TDA) has introduced a strategic, high-impact investment program with an aim to position the Emirate as one of the most preferred destinations for tourism and investments in affordable luxury.
The new initiative, ‘SelectRAK’ which is endorsed by the government of Ras Al Khaimah is launched in partnership with Arton Capital, a government advisory company that focuses on promoting public-private partnerships.
By enhancing the appeal of Ras Al Khaimah for investment, SelectRAK will help build all core economic sectors, including healthcare, hospitality, education, trade, and retail, in turn, creating new jobs and supporting domestic enterprises.
Further, the initiative will support investors in registering and operating international businesses from Ras Al Khaimah, and assist in finding a home of their choice in the Emirate. All investors who meet the criteria and other guidelines mandated by the government will also be provided long-term residence visas.
“This strategic platform will serve as a one-stop-hub for promoting the Emirate, highlighting its tourism attractions to a global audience by underscoring business and investment opportunities, and showcasing a compelling lifestyle as a haven from the bustle of big cities. Our goal to promote Ras Al Khaimah as a wonderful tourism destination, and to help energize all economic sectors, is aligned with the long-term vision of the leadership to establish the Emirate as one of the preferred places to live and work.”
SelectRAK will focus on promoting Ras Al Khaimah as an affordable luxury destination and highlight its differentiating strengths, including the diverse tourism attractions, the high quality of life, business opportunities, and rich cultural heritage.
“There is immense potential in Ras Al Khaimah, and we look forward to contributing over two centuries of collective team experience to this exciting initiative. SelectRAK will showcase the benefits of investing in the Emirate on the global stage,” said Mr. Armand Arton, Founder and President of Arton Capital.
Ras Al Khaimah is one of the fastest-growing tourism, investment, and lifestyle destinations in the region, welcoming investors from around the world. SelectRAK is the latest strategic initiative from RAK TDA, following the Authority’s recent announcement of over 20 sustainable tourism development initiatives.