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About Ras al Khaimah

Ras al-Khaimah

 

 

 

Emirate
Emirate of Ras al-Khaimah
Flag of Ras Al Khaimah
Flag
Location of Ras al-Khaimah in the UAE

 

 

 

 

 

 

History

Ras al-Khaimah has been the site of human habitation for several millennia and there are many historical and archaeological sites throughout the emirate dating from different time periods, including remnants of the Umm an-Nar Culture (3rd millennium BC). Ancient graves were found in the Emirate in October 2012.The city was historically known as Julfar. Archaeological evidence has demonstrated that the settlement known as Julfar shifted location over time as harbour channels silted up. Excavations of a sizable tell, which revealed remnants of a Sassanid era fortification, indicate that early Julfar was located in the Shamal area, not far from other sites of historical/archaeological interest such as Sheba's Palace and the largest Umm an-Nar tombs found on the Arabian Peninsula. Sources say that Julfar was inhabited by the Azd (a branch of the Kahlan tribe) during the eighth and ninth centuries AD, and that the houses of the Azd were built of wood.

 

 

 

 

 

Economy


Industries

Not being a producer of oil, Ras al-Khaimah has focused on developing its industrial sector. As of 1920, Ras al-Khaimah was mining iron ore.

 

 

Main economic sectors

  • Real Estate – numerous residential areas, offices, commercial buildings are constructed in Ras al-Khaimah.
  • Tourism – Ras al-Khaimah is becoming a new destination on tourist maps. Ras al-Khaimah is home to five star hotels and beach resorts including Hilton, Rotana or Banyan Tree. It has a number of 4 and 3 star accommodations. In September 2010, first water park Ice Land was opened to offer leisure opportunity for both residents and visitors and more new tourism projects are under construction.
  • Building materials – Ras al-Khaimah opened the UAE's first cement company in the early 1970s and is now the UAE's largest producer of cement. In the 1980s, the emirate formed Ras al-Khaimah Ceramics, which has become one of the world's largest ceramics producer.
  • Manufacturing and High-Tech Industry – In the 1980s, the emirate formed Gulf Pharmaceutical Industries (Julphar), the Persian Gulf region's first pharmaceuticals company. Falcon Technologies International (FTI) represents high-tech industry and produces optical storage media (CDR,DVDR, BDR). In 2012, Innovative Composite Engineering was established in the Industrial Free-zone to manufacture high end composite products (aerospace, construction parts).
  • Service sector – recently growing sector with its prominent RAK Bank and RAK Insurance companies.
  • Agriculture and Fisheries – in the past, these were the main economy sectors of Ras al-Khaimah. Nowadays they are still significant providing foodstuff not only for the Emirate but for the whole country.

 

Taxation and companies law

New legislation and regulations favour international investments. The combination of security and confidentiality is ensured to entrepreneurs. An international company may only have foreign customers and is not liable for paying local taxes. It can open a local bank account, make investments tax-free, and obtain mortgages for investing in UAE assets. Employment visas are available. When approved, this type of company can own property in UAE free-trade zones.

No income, sales, or wealth taxes are payable by individuals. No corporate taxes are charged. In addition, there are no exchange controls, no withholding nor import or export taxes.

 

 

 

 

Culture


Community

The majority of mosques are Hanbali, Muwahhid Muslim or Salafi oriented.

 


Events

RAK Half Marathon.
Participants of RAK Half Marathon 2011.

The annual Ras al-Khaimah Half Marathon, first held in 2007, has called the attention of the world's sporting media to the region. The organisers invest much in the IAAF-labeled race in order to attract the world's top athletes, resulting in a world record from Samuel Wanjiru in 2007 and the second fastest run of all-time from Patrick Makau Musyoki in 2009.

UAE Awafi Festival – a yearly festival in the Ras al-Khaimah desert, focusing mainly on the Arabic public. It is a three-week event, held in December or January, the main attraction being a dramatic sand dune race by the strongest 4-wheel drivers of the UAE. There is a heritage village with traditional food and dance, as well as shops for food and souvenirs. There is also a petting zoo and lots of games for children. The entry is free of charge, and many families bring picnics to enjoy whilst watching the cars battling it out over the sand dunes.

Terry Fox Run RAK – a yearly charity run organized in Ras al-Khaimah to support cancer research in the UAE. The first event was organized in 2010

 

 

 

 

 

Landmarks

Notable landmarks in Ras al-Khaimah include:

  • The National Museum of Ras al-Khaimah: housed in the former palace of the ruling Al Qasimi family, with exhibits on natural history, arts and crafts of previous centuries, and archaeology
  • Dhayah Fort: the only surviving hilltop fort in the UAE
  • Sheba's Palace: ruins of a medieval palace
  • Al Falayah: the former summer residence of the ruling Al Qawasim family
  • Al Jazirah Al Hamra: an abandoned "ghost town" showing the preserved architecture of an early 20th-century pearling port
  • The Old City and Souq: both traditional and modern shops as well as artisans' workshops
  • Bab Al Bahr: Pyramid inspired buildings along Ras Al Khaimah's coastal line
  • Waldorf Astoria - Ras Al Khaimah: The Middle Eastern venture of the legendary Waldorf Astoria of New York.
  • Bu Shaqq tower 
  • Al Hayl Fort: One of the robust forts that occupies an important strategic location and oversees a vast area, all leading to the road of Fujairah

 

 

 

 

 

 

 

 

SOURCE: http://en.wikipedia.org/wiki/Ras_al-Khaimah

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