RAK Chamber Members’ exports in Q2 totalled Dhs1.644b

The Ras Al Khaimah Chamber of Commerce and Industry issued its statistics for the second quarter of 2022, which showed that the value of exports of the chamber’s members totalled Dhs1.644 billion.

The report also showed that the number of certificates of origin issued by the chamber totalled 5,871, predicting this number in June to amount to 2,203 certificates.

The report showed the registration of 402 new establishments in the second quarter of 2022, including 185 commercial establishments, 193 professional establishments, eight industrial establishments, one service establishment and one agricultural establishment.

June also witnessed the issuance of the largest number of new licences for 158 establishments, while the number of renewed licences amounted to 3,592, and cancelled licences amounted to 234. The wholesale and retail commerce sector had the largest share of new establishment licences with 255.

Estimated and planned capital for new investments until the end of the second quarter of 2022 exceeded Dhs279 million, not including the capital of 55 establishments in free zones and 18 branches of local and foreign companies while the estimated number of workers employed by new businesses was 390. The new investments came from 42 countries.

in February, Ras Al Khaimah Chamber of Commerce and Industry  discussed with the Republic of Romania the economic cooperation, trade exchange and development of the commerce ties between the business community in Ras Al Khaimah and the Republic of Romania and UAE, and how to organize joint economic events to explore the available investment opportunities, and share opinions and knowledge on how to benefit from the expertise of each party which shall contribute to establishment of joint investment projects.