Built to inform

Sign up for the daily newsletters

No, Thank you

Ras Al Khaimah and Singapore to strengthen construction ties

Rak's Mohamed Ali Musabbeh Al Nuaimi meets Singapore's Low Pit Chen to discuss future investment opportunities

Rak and Singapore are seeking further collaboration.
Wam
Rak and Singapore are seeking further collaboration.

Representatives from Ras Al Khaimah and Singapore have pledged to strengthen bilateral relations in a bid to explore investment opportunities for the construction sector.

According to UAE state news agency, Wam, chairman for Ras Al Khaimah’s Chamber of Commerce and Industry, Mohamed Ali Musabbeh Al Nuaimi, met with Singapore’s Consul-General in Dubai and the Northern Emirates, Low Pit Chen, to discuss mutual ties and economic issues.

During the meeting, Al Nuaimi outlined investment opportunities in both countries for the construction industry, adding that Ras Al Khaimah had demonstrated “significant growth” during the last 10 years.

He added: “The UAE Government has issued many decisions to stimulate, activate and facilitate businesses, specifying 122 economic activities to become eligible for 100% foreign ownership.

“This shall positively affect the economy on a short- and long-term basis, and offer the opportunity to international companies to expand their business in the UAE.”

Pit Chen added there were many companies from Singapore seeking meetings with Emirati investors to find new markets for their products and discuss investment opportunities in both countries across different sectors.

Most popular

Awards

New category open for consultancies at CW Awards 2019 in Dubai
Sub-Consultancy of the Year to be crowned for the first time at the gala ceremony

Conferences

Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 747
Aug 03, 2019