Saud bin Saqr witnesses the signing of a memorandum of understanding between "Pasture" The German Joint Council of Industry and Trade

Ras Al Khaimah, May 8/ WAM/ His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council, Ruler of Ras Al Khaimah, confirmed that economic and investment partnerships with various strategic partners stated a basic pillar of stimulating economic growth, enhancing the process of sustainable development, and consolidating the growing position of the Emirate of Ras Al Khaimah, a leading destination for business prosperity and corporate growth.
This came during the reception of His Highness the Ruler of Ras Al -Khaimah, at his Palace in Saqr Bin Muhammad, today, His Excellency Sibelle Baff, the Consul General of the Federal Republic of Germany in Dubai and the Northern Emirates, and a delegation of officials in the German -joint German Council for Industry and Trade, in the presence of a number of senior officials in the Ras Al Khaimah Economic Regions “Rakz”.
During the meeting, the bilateral relations between the United Arab Emirates and the Federal Republic of Germany were reviewed, with a focus on the areas of trade, investment and innovation, as well as highlighting the latest developments taking place in the Emirate of Ras Al Khaimah in the infrastructure, industry and investment growth sectors.
The prospects for future cooperation were also discussed between “Rakz” and the Council, especially with regard to the support of German companies and the promotion of joint initiatives, in addition to discussing the prosperous economic and investment situation in the emirate, the expectations of German companies operating in it, and ways to enhance their operating environment.
The meeting dealt with a fruitful exchange of ideas on business prospects and development projects in the emirate, and to discuss future cooperation opportunities in light of the strategic elements of Ras Al Khaimah, including a competitive business environment, advanced infrastructure, and a vital geographical location.
His Highness Sheikh Saud bin Saqr Al Qasimi witnessed, during the meeting, the signing of a memorandum of understanding between “Rakz” and the German -Emirati Joint Council for Industry and Trade, aimed at building a strategic partnership that enhances development paths and supports common goals.

The memorandum was signed by Rami Glad, CEO of the Rakz Group, and Dr. Martin Hinkman, CEO of the German -UAE Joint Council for Industry and Trade.
The memo states to enhance support for the new and current members of the Council, in addition to the base of “Rakz” partners, through joint initiatives aimed at business growth, exchange of knowledge, and enhancing communication states.

The signature of the memo comes within the framework of the ongoing efforts between the two sides to consolidate strategic cooperation aimed at strengthening economic and industrial ties between the emirate and the German business community.
For its part, His Excellency Sibelle Palfa, and the council delegation expressed their deep thanks and appreciation to His Highness the Ruler of Ras Al Khaimah for the warm reception and hospitality, praising the depth of economic relations between the UAE and the Federal Republic of Germany, and the developmental vision of His Highness, and the advanced investment environment that characterizes the emirate.

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