Ras Al Khaimah Investment Authority

RAK Investment Authority

United Arab Emirates – Ras Al Khaimah US$ 1.2 Billion
Established: 2005
Transparency Rating: 3		 Origin: Oil
Firm Investment Style: Mixed
Entity Structure: Corporation

 

Summary
The Ras Al Khaimah Investment Authority (RAKIA) is based in the United Arab Emirates.

Background
The RAK Investment Authority (RAKIA) was constituted as per Emiri Decree No. (2)/ 2005 issued by H.H. Sheikh Saqr Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. The mandate for the authority is to work towards reinforcing the investment climate in the emirate and to promote its various economic sectors.

Strategy & Objectives
Their investment portfolio includes direct stakes in domestic and regional businesses. They also invest in foreign firms setting up operations in Ras Al Khaimah.

Governance
It is controlled by the government of Ras Al Khaimah.

Sovereign Wealth Enterprises

Brimfell Investment Holdings Limited

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