Ras Al Khaimah, UAE, July 16, 2024: Federal Express Corporation, the world’s largest express transportation company, partnered with Ras Al Khaimah Economic Zone (RAKEZ), a leading business and industrial hub in the UAE, to host its inaugural strategic breakfast meeting. The event aimed to educate and provide insights to over 50 local companies in Ras Al Khaimah (RAK) on logistics innovations that facilitate global market expansion for businesses.
Held at Movenpick, Marjan Island, the event focused on the theme of “Global Business Expansion”. Attendees had the opportunity to discover the latest FedEx products, services, and solutions designed to help them penetrate new international markets and territories.
In light of the UAE’s economic goals, including increasing the industrial sector’s contribution to GDP as part of Operation 300bn, the UAE logistics sector is expected to grow over 7% annually, with a market size projected to exceed US$30 billion (AED 110 billion) by 2030.
Sammy Bousaba, Managing Director of Sales for FedEx, emphasized the role of efficient logistics in global expansion, highlighting FedEx’s extensive network and state-of-the-art Hub at Dubai World Central, which connects the UAE to key global markets. The collaboration with RAKEZ aims to unlock growth opportunities for UAE businesses while contributing to the national logistics ecosystem and the goals of Operation 300bn.
RAKEZ, known for its supportive environment and incentives for business growth and internationalization, plays a crucial role in facilitating RAK’s industrial development. Ramy Jallad, Group CEO of RAKEZ, expressed enthusiasm about the partnership, stressing their commitment to empowering local businesses with world-class logistics solutions and support.
The breakfast meeting concluded with a networking session, fostering valuable connections among attendees, industry experts, FedEx representatives, and RAKEZ officials. It marked a significant step towards future initiatives aimed at bolstering RAK businesses’ global aspirations.
About Federal Express Corporation
Federal Express Corporation is the world’s largest express transportation company, renowned for its swift and dependable delivery services spanning over 220 countries and territories. Leveraging a global network of air and ground operations, Federal Express Corporation ensures timely delivery of time-sensitive shipments by specified dates.
About RAKEZ
RAKEZ stands as a premier business and industrial hub established by the Government of Ras Al Khaimah, UAE. With a robust presence, it hosts more than 23,000 companies from over 100 countries, operating across 50 diverse industries.
RAKEZ offers a comprehensive range of solutions including free zone and non-free zone licenses, customizable facilities, and premium services under one roof, catering to entrepreneurs, startups, SMEs, and manufacturers. It features specialized zones tailored to specific investor needs: Al Nakheel and Al Hamra Business Zones for commercial enterprises, Al Ghail, Al Hamra, and Al Hulaila Industrial Zones for manufacturing, and an Academic Zone for educational institutions.
As a leading economic zone, RAKEZ continues to attract diversified investment opportunities that drive the economic growth of Ras Al Khaimah.
