Recognized for its contribution to economic and social development RAK Properties wins top award.
RAK Properties PJSC, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, has won the prestigious RAKEZ Business Excellence Award for the “Best Contributor to Ras Al Khaimah Development”.
Held under the patronage of His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman of Ras Al Khaimah Economic Zone (RAKEZ), the award recognises the company or organisation that has made the most significant contribution to the growth of Ras Al Khaimah by enhancing the emirate’s economic and social development.
RAK Properties Managing Director and CEO Mohammed Sultan Al Qadi said, “We are honoured to have been recognized by RAKEZ for our contribution to the social and economic development of the Emirate. RAK Properties success wouldn’t have been possible without the support and vision of His Highness Sheikh Saud Bin Saqr Al Qassimi, Ruler of Ras Al Khaimah and his Crown Prince for their enduring efforts to improve the emirate and constant guidance and encouragement to our projects.”
“Through ambitious and high-quality projects we have sought to develop commercial, leisure, hospitality and residential sectors in the Emirate, providing luxury holiday options, as well as homes and jobs for thousands within the UAE.” Al Qadi Added.
RAK Properties launched several large-scale projects in the Emirate including the Mina Al Arab Resort which aims to be the new lifestyle and entertainment hub in Ras Al Khaimah. “Mina Al Arab will feature an array of five-star facilities and entertainment outlets providing visitors and residents with an unparalleled experience of the best Ras Al Khaimah has to offer,” added Al Qadi.
The annual RAKEZ Business Excellence Awards seeks to inspire excellence within the community of 13,000 businesses from all over the world. RAKEZ recognises the best free zone and non-free zone companies under its umbrella that played a key role in the economic development of the Emirate of Ras Al Khaimah. The awards programme is supported by a rigorous assessment process, conducted by an independent committee that chooses the nominees and winners following a thorough analysis of the submissions from the competing organisations.