Ras Al Khaimah – MENA Herald: Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA) open submissions for the third RAK Free Zones Business Excellence Awards, set to take place on 19 January 2017.

With the commitment to expand competition and involve more industries, this year’s awards programme will also include the businesses established in RAKIA alongside with RAK FTZ companies. The revamped awards programme celebrates free zone companies that showed outstanding performance and made a difference in their respective industries and the economic development of Ras Al Khaimah (RAK).

His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAK FTZ and RAKIA, said: “RAK FTZ and RAKIA have been collaborating frequently to increase the competitiveness of Ras Al Khaimah and provide the best business solutions to investors. Now, we are stepping up our cooperation further by jointly honouring our clients’ extraordinary endeavours towards business excellence.”

Ramy Jallad, CEO of RAK FTZ & RAKIA, commented that this year’s awards programme is going to be bigger than the last two successfully-held RAK FTZ Business Excellence Awards. “Both investment hubs have over 12,000 companies combined so we decided to add new categories to the line-up. This way, more promising clients can have more opportunities to be acknowledged for their continuous efforts.”

The two newly introduced categories include: Best Small Business of the Year and Best Industrial Company of the Year as well as the redefined Fastest-Growing Company. In addition to that, participants to the awards programme will compete in the Best New Startup, Best New Technology, Best Contributor to RAK Development, and Best Corporate Social Responsibility. An independent judging committee will select the nominees and winners following a comprehensive evaluation of submissions from the entrants.