RAK Investment Authority commenced its operations as an authority to work towards reinforcing the investment climate in the emirate of Ras Al Kahimah and to promote its various economic sectors. Though the mandate of RAKIA is to develop and manage the industrial parks which includes the free zones and industrial zones in the Al Hamra and Al Ghail areas of Ras Al Khaimah it has a large client base with commercial and consulting activities. RAK Investment Authority claims it has been instrumental in attracting over US$2.5 billion in industrial investments alone, powering an unprecedented economic surge that has made Ras Al Khaimah as one of the fastest growing emirates in the UAE and the region.
RAK Investment Authority is located in the emirate of Ras Al Khaimah. It takes 1.15 hours to reach RAKIA from Dubai International Airport.