The UAE construction sector is tipped to reach a value of $133bn by 2027 and Ras Al Khaimah Economic Zone (RAKEZ) is looking to support startups in the sector.
RAKEZ is taking part in Big 5 Global to help construction startups, SMEs, manufacturers and investors set up and expand their operations in Ras Al Khaimah.
The event is ongoing at the Dubai World Trade Centre (DWTC) until December 7.
UAE construction in Ras Al Khaimah
RAKEZ’s decision to participate in Big 5 Global underlines its dedication to the industry and reflects the opportunities for investors in the business realm of Ras Al Khaimah and the wider UAE.
RAKEZ Group CEO, Ramy Jallad, said: “The UAE’s construction industry is on track for a robust 3.3 per cent expansion this year, with a projected value exceeding $133bn by 2027, as reported by the Global Data Report.
“We firmly believe that we can contribute to these figures, setting the stage for construction and building materials companies, through our participation in Big 5 Global.”
He added: “Our goal is not only to enhance growth prospects for construction and building materials companies but also to assist them in reaching broader markets.
“These significant growth prospects offer extensive opportunities for companies and investors within our nation.
“Therefore, our aim is to take the lead in seizing these opportunities, facilitating the growth and global expansion of all stakeholders.”
During the event, RAKEZ is forging connections with investors, key decision-makers, and industry pioneers, underscoring its efforts to unveil the vast array of investment opportunities and the business-friendly ecosystem Ras Al Khaimah offers.
The economic zone is becoming an optimal growth environment for numerous construction firms that have chosen RAKEZ as their launchpad for expansion.
Fabcon Industrial Services, a specialist in steel fabrication and construction, serves as a prime illustration of a company reaping the rewards of the RAKEZ business ecosystem.
Binu Jacob, the firm’s General Manager, said: “Over the last 16 years, we have consistently experienced potential growth, expanding our facilities and undertaking projects from around the world.
“This success can be attributed to RAKEZ, who is providing exceptional support in terms of infrastructure and government interfaces, allowing us to concentrate on our business.”
Fala Group Vice Chairman, Hani Ihsan Kurbaj said: “We set up Fala Asphalt Industry with RAKEZ in 2012 and our organisation has undergone a great deal of change since then.
“We got governmental infrastructural projects, hired more employees, welcomed diversity and gender balance in the workplace, and diversified our investments in the UAE and overseas.
“In all this, RAKEZ has been our supportive strategic partner understanding our needs and always working hand-in-hand with us.
“We are optimistic that if we continue like this, we can double our efforts to expand in the years to come.”
Follow us on
