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Ras Al Khaimah Economic Zone

Policy & Legal Updates
Source: Gulf Business

Ras Al Khaimah Grants Mantle8 Exclusive Rights for Natural Hydrogen Exploration

French natural hydrogen explorer Mantle8 has secured exclusive negotiation rights for an exploration contract covering Block 7 in Ras Al Khaimah. Under an agreement with the Ras Al Khaimah Department of Energy, the company is conducting the emirate's first dedicated geophysical survey for natural hydrogen. The self-funded, non-invasive programme is expected to run up to 24 months before any exploratory drilling agreement is negotiated.

China–UAE News
Source: ME Printer

RAKEZ and AJT Sign $50 Million Industrial Expansion Agreement in Fuzhou

Ras Al Khaimah Economic Zone (RAKEZ) and AJT Holding International Limited have signed a memorandum of understanding in Fuzhou, China. Under the agreement, AJT Holding will invest an additional $50 million to expand its manufacturing and logistics facilities in Ras Al Khaimah. The expansion will be executed through AJT Printing and Packaging FZ-LLC, a joint venture between China's Jihong and BMJ Industries.

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