Ras Al Khaimah Economic Zone (RAKEZ) has signed a Memorandum of Understanding (MoU) with the Ukrainian Business Council (UBC) in order to boost economic collaboration between the countries.
This deal will pave the way for more investment opportunities and further strengthen bilateral ties between the UAE and Ukraine.
This collaboration aims to provide Ukrainian investors with unprecedented access to tailor-made, competitive business set-up solutions in the UAE through RAKEZ.
“The UAE, and specifically Ras Al Khaimah, offers a world of opportunities for Ukrainian businesses to flourish. The distinctive advantage of having complete foreign ownership and the return on profits creates a highly favorable business environment for Ukrainian investors wishing to establish their presence or expand their business footprint in the UAE. Our alliance with Ukrainian Business Council will cultivate a mutually beneficial relationship that will allow Ukrainian enterprises to prosper amidst the UAE’s vibrant and booming economic landscape.”
“The benefits of this collaboration will be highlighted by both parties via an array of initiatives such as joint events and campaigns,” according to the statement.
Ms. Olena Shyrokova, UBC President, said that this MoU is an important step towards strengthening economic ties between our two nations.
“Located in close proximity to the port, RAKEZ is a very attractive destination for Ukrainian trading companies that are considering relocating their business to the UAE. The highly developed infrastructure of the free zone will meet the requirements of any market sector, whether manufacturing, IT, or real estate. I certainly see a wide range of opportunities for cooperation ahead,” Ms. Shyrokova added.