Gulf News

Closer Kerala ties

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Ras Al Khaimah Free Trade Zone (RAK FTZ) has signed a Memorandum of Understand­ing (MoU) with Kerala Chamber of Commerce and Industry.

Osama Al Omari, CEO of RAK FTZ, and E.S. Jose, President of the Chamber, signed the MoU.

Al Omari said this was the first ever MoU the zone had signed with any chamber of commerce in India. The state of Kerala plays a significan­t role in the foreign direct investment of the Ras Al Khaimah.

The Kerala Chamber of Commerce will actively promote RAK Free Zone’s various investment schemes among the state’s business community and liaise with the Government of Kerala and other business groups to set up business ventures.

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