ISLAMABAD, Pakistan: Islamabad Chamber of Commerce and Industry (ICCI) Wednesday urged United Arab Emirates (UAE) investors to focus on Pakistan for investment.
The UAE investors should invest in Pakistan and launch joint ventures in many sectors of Pakistan’s economy which are open for investment, ICCI Acting President, Sheikh Pervez Ahmed said.
Addressing a seminar here, he said, the government has provided lucrative incentives to foreign investors and China-Pakistan Economic Corridor Project (CPEC) would start a new era of investment activities in the country.
He said that time was ripe for UAE investors to enhance investment in Pakistan to earn long-term high returns.
On the occasion, Sameer Aqil, Senior Executive, Ras Alkhaimah Investment Authority gave a detailed presentation to the business community about Ras Al Khaimah Free Trade Zone (RAK FTZ).
He said that RAK FTZ was a rapidly growing investment destination as over 12000 companies from 100 countries have already made investment in 50 various sectors in this Free Zone.
Highlighting benefits of setting up business in RAK FTZ, he said it offered 100 percent ownership to foreign investors with zero taxation and no customs duty on re-exported goods.
RAK FTZ was at a distance of 45 minute drive from Dubai, provided 25 to 50% lower cost of doing business as compared to other regions of UAE and offered high returns on investment.
The seminar was organized by Ras Al Khaimah Investment Authority in collaboration with Islamabad Chamber of Commerce and Industry on investment opportunities in Ras Al Khaimah Free Trade Zone.
