RAK FTZ was established in May 2000 by an Emiri Decree by His Highness Sheikh Ahmed bin Saqr Al Qasimi.
In April 2017, the government of Ras Al Khaimah has launched Ras Al Khaimah Economic Zone (RAKEZ) to consolidate and operate Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA) pursuant to Law No. 2 of 2017 promulgated by H.H. Sheikh Saud Bin Saqr Bin Mohammed Al-Qasimi, Ruler of Ras Al Khaimah.
Situated in the heart of Ras Al Khaimah in the United Arab Emirates. It is one of the fastest growing and most cost effective free trade zones in the UAE and home to 14,000 multinational companies.