RAK Ruler reaffirms commitment to strategic economic partnerships

Reception of German delegation

This came during Sheikh Saud's reception today at his palace in the Saqr bin Mohammed City, of Sybille Pfaff, Consul General of the Federal Republic of Germany in Dubai and the Northern Emirates, along with a delegation from the German-Emirati Joint Council for Industry and Commerce (AHK). The meeting was also attended by senior officials from the Ras Al Khaimah Economic Zone (RAKEZ).

Focus on UAE-Germany bilateral economic relations

The meeting reviewed bilateral relations between the United Arab Emirates and Germany, with a particular focus on trade, investment, and innovation. It also highlighted recent developments in Ras Al Khaimah across sectors such as infrastructure, industry, and investment growth.

Discussion on cooperation opportunities

Discussions explored future cooperation prospects between RAKEZ and the German-Emirati Council, especially in supporting German companies and enhancing joint initiatives. The conversation also covered the emirate’s flourishing economic and investment environment, German companies’ outlook in the region, and ways to strengthen their operating landscape.

Strategic strengths of Ras Al Khaimah highlighted

The meeting also involved a productive exchange of ideas on business opportunities and development projects in the emirate. It emphasised Ras Al Khaimah’s strategic assets, which include a competitive business environment, advanced infrastructure, and a vital geographic location.

MoU signing ceremony

His Highness Sheikh Saud bin Saqr Al Qasimi witnessed the signing of a Memorandum of Understanding (MoU) between RAKEZ and the AHK, aimed at building a strategic partnership to support development goals and foster mutual growth.

Details of the MoU agreement

The MoU was signed by Ramy Jallad, Group CEO of RAKEZ, and Dr Martin Henkelmann, CEO of AHK. The MoU stipulates enhanced support for both new and existing members of the Council, as well as RAKEZ’s partner base, through joint initiatives aimed at business growth, knowledge exchange, and international connectivity.

Strengthening Ras Al Khaimah-German business ties

The MoU comes as part of ongoing efforts between both parties to solidify strategic cooperation and strengthen economic and industrial ties between Ras Al Khaimah and the German business community.

Appreciation from German delegation

In turn, Sybille Pfaff and the Council’s delegation expressed their deep appreciation to H.H. Sheikh Saud for the warm welcome and generous hospitality. They praised the strong economic ties between the UAE and Germany, His Highness Sheikh Saud’s visionary leadership, and the emirate’s advanced investment environment.