Karachi, June 05, 2015 (PPI-OT): A Ras Al Khaimah Free Trade Zone (RAK FTZ) delegation will visit Pakistan to share the benefits of establishing and growing companies at RAK FTZ with Pakistani business owners. The delegation will lead high-level seminars and meetings with key government and investment bodies on 9 and 10 June 2015. The two-day event will take place in Lahore. It will be RAK FTZ’s second road show in Pakistan this year. A free zone delegation visited Karachi in March.
“There are tremendous growth opportunities for Pakistani investors at RAK FTZ. The free zone’s strategic geographical location between the Middle East, North Africa, Europe, and South Asia allows Pakistani investors to easily introduce their products and services to diverse markets around the globe,” said Ramy Jallad, Acting CEO, RAK FTZ. “RAK FTZ offers a multitude of competitive advantages, including low set-up costs, world-class facilities, client-friendly support services, zero taxation, and 100 per cent foreign ownership, among others.”
The free zone has attracted nearly 400 active investors from Pakistan. Among them are J Awan and Partners, a consultancy firm that chose RAK FTZ over other free zones in the United Arab Emirates (UAE) because of its cost-effectiveness; Abasyn University, which expanded from Pakistan to take advantage of the free zone’s purpose-built facilities for education and visas for students; and VSF Logistics FZE, which provides cold storage, refrigerated logistics and customised logistics.
Also known as Venus Group of Companies, VSF Logistics FZE began operating in Pakistan in 1970 and expanded to RAK FTZ in June 2014. “We chose RAK FTZ due to its flexible rules and regulations and excellent, ongoing support from free zone professionals in setting up the business,” Adnan Asad, owner of VSF Logistics FZE. “Even more impressive was its full range of ready-made facilities. RAK FTZ provided us with the best possible solutions for the unique warehousing needs of our company.”
For more information, contact:
Public Relations and Media Officer
Ras Al Khaimah Free Trade Zone Authority (RAK FTZ)