Saturday, August 24, 2024 In a significant step toward enhancing U.S. investment in the United Arab Emirates, His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, welcomed a high-level delegation from the American Business Council in Dubai (AmCham Dubai) and representatives from Ras Al Khaimah Economic Zone (RAKEZ).
This gathering marked the signing of a pivotal Memorandum of Understanding (MoU) between AmCham Dubai and RAKEZ, laying the groundwork for increased collaboration aimed at positioning Ras Al Khaimah as a premier investment destination for American businesses. The MoU represents a broad framework for cooperation between AmCham Dubai and RAKEZ, focusing on promoting Ras Al Khaimah’s strategic advantages to U.S.
businesses. The agreement highlights the emirate’s commitment to fostering an environment conducive to business growth, leveraging its world-class infrastructure, and strategic location within the UAE to attract American enterprises. Led by U.
S. Ambassador Martina Strong, the delegation included prominent members of the American business community in the UAE, along with key officials from AmCham Dubai and RAKEZ. The MoU was signed by AmCham Dubai Chairman Sammy Bousaba and RAKEZ Group CEO Ramy Jallad, marking the beginning of a strategic partnership aimed at deepening economic ties between the U.
S. and Ras Al Khaimah. Commenting on the MoU, Sammy Bousaba emphasized the significance of this partnership in enh.