Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) signed a Memorandum of Understanding (MoU) with the Zhejiang Investment Promotion Center (ZIPC). This aims to strengthen the frameworks of cooperation in the areas of investment promotion, knowledge and expertise exchange, and supporting future partnership opportunities in the digital trade sector, in line with global trends towards a sustainable digital economy.
Zhejiang Province is located to the southwest of Shanghai, one of the provinces with the most vibrant private economy in China. Home to leading companies such as Alibaba, Geely, Hikvision and DeepSeek, its private sector has been a core driver of local economic growth, spanning key industries such as manufacturing, e-commerce, and modern services.
This collaboration is part of joint efforts to strengthen economic and trade relations and open new horizons for investment in innovative digital sectors. Finalised on the sidelines of the World Digital Trade Expo 2025 in Hangzhou, the signing ceremony saw the presence of senior officials and representatives of economic and investment bodies from the UAE and China.
RAKEZ Business Development Director – China, Miaomiao Liu said, “Our collaboration with the Zhejiang Investment Promotion Center marks a significant step forward in strengthening economic ties between Ras Al Khaimah and Zhejiang Province. It elevates RAKEZ’s visibility among Chinese investors and opens the door for meaningful knowledge exchange and long-term cooperation, while also supporting the establishment of new factories and companies in Ras Al Khaimah.”
Through its participation in the World Digital Trade Expo, RAKEZ reaffirmed its commitment to unlocking opportunities in digital trade, which is a fast-growing sector driving transformation across global markets.
For more information, please contact:
Cleo Eleazar, Public Relations & Events Manager, RAKEZ
Email: [email protected]
About Ras Al Khaimah Economic Zone (RAKEZ):
RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 35,000 companies coming from over 100+ countries and operating in more than 50 industries.
RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers.
A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.
For more information, visit www.rakez.com.