Ras Al Khaimah: H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, reiterated the emirate's commitment to investing in future sectors, building an integrated ecosystem to attract leading companies and creative minds, and supporting a knowledge- and technology-driven economic diversification journey.
According to Emirates News Agency, H.H. Sheikh Saud made these remarks during a meeting at his palace in Saqr bin Mohammed City with a delegation from several companies. The delegation included representatives from THi Holding Management Corporation, SC Capital Partners, CapitaLand Investment, and the China Innovation Centre in the UAE. The meeting was also attended by Mohammed Abdul Rahman Al Hawi, Undersecretary of the Ministry of Investment, and Ramy Jallad, RAKEZ Group CEO.
During the meeting, H.H. Sheikh Saud witnessed the signing of an agreement between Ras Al Khaimah Economic Zone (RAKEZ) and THi Holding Management Corporation to establish a next-generation industrial park in Ras Al Khaimah. The park aims to attract and support advanced technology companies from around the world and will span an area of 300,000 square metres in Al Hamra.
H.H. Sheikh Saud stated that the establishment of the industrial park reflects the emirate's vision to build a knowledge economy. It demonstrates Ras Al Khaimah's commitment to supporting entrepreneurs, investors, and young talents in fields such as artificial intelligence, software, and advanced technologies. The park will serve as a strategic addition to the emirate's innovation and digital transformation infrastructure.
H.H. Sheikh Saud praised the growing cooperation between Ras Al Khaimah and leading companies in the advanced technology sector. He stressed that this collaboration sets a model for economic and investment partnerships based on shared development visions.