Greeks plan to invest in Ras Al Khaimah food and trade sectors

Ras Al Khaimah Investment Authority (RAKIA), the government body responsible for the socio-economic growth of the emirate, recently received a high-level business delegation from Greece that visited to explore investment opportunities in the emirate.

The delegation expressed their desire to invest in key sectors such as food, hospitality and trade.

The delegation also expressed their interest in building a Greek-themed shopping mall in Ras Al Khaimah, and revealed their plans to facilitate the register of Greek shipping companies with RAKIA. Meanwhile, Ras Al Khaimah Airways have agreed to cooperate with several Greek tour operators to boost air travel between Greece and the emirate.

“It was a pleasure to host a high profile business delegation from Greece,” said Raman Iyer, General Manager of RAKIA. “The UAE and Greece enjoy a flourishing business relationship, and both countries have been extremely receptive to investment opportunities from each other; proof of this is the fact that over the last three years, Greece’s trade figures with the UAE have tripled.”

Services represent the largest and fastest growing sector of the Greek economy, with trade, banking, insurance, transportation and shipping, communications, healthcare, education and tourism, being the largest service sub-sectors. Greece’s food industry is expanding rapidly to support new markets in neighbouring countries, and its largest export items include fresh and processed fruits and vegetables, olive oil, wheat and tobacco.

The visiting Greek delegation consisted of Nikitas Dolapsakis, President of Chambers’ Group for the Development of Greek Isles and President of Heraklion Chamber of Commerce; Efstathios Mylonas, Member of Board of Zakynthos Chambers’ Group for the Development of Greek Isles; Antoniou Aggelos, Member of Board of Professional Chamber of Piraeus; and Ioannis Kalofolias, Member of Board of Cyclades Chamber; among others.