RAK Chamber of Commerce & Industry
The RAK Chamber of Commerce and Industry, is one of the oldest chambers of commerce in the UAE, as it is the second one launched after Dubai Chamber, and was established pursuant to an Emiri decree by late Sheikh Saqr bin Mohammed Al Qasimi, on 22 October 1967.
There is no doubt that interest into trade and traders in Ras Al Kamiah is not new, as it backdates to the early 15th century AD, at a time when Ras Al Khaimah was named Land of Julphar, being a pioneer in the field of trade in general, and in the maritime trade in particular. Ras Al Kamiah ships seafarers sailed through the Arabian Gulf waters, and extending their famous seafaring to the coasts and outskirts of India and China to eastward, and to the east coast of the African continent to the west.
To date, the chamber has become a distinctive key player contributing and supporting the national economy, and strengthening a solid base to enable business performance in the implementation of plans and programs for comprehensive economic development and creating a fertile environment for the private sector to effectively and efficiently contribute to the process of business and economic development.
It is noteworthy that the Ras Al Kamiah Reconciliation and Commercial Arbitration Center was also established in 2007 to settle commercial disputes. RAK Chamber is an institution of public utility that has a moral personality enjoying administrative and financial autonomy, acting within UAE law, rules and regulations of the chamber statute, and pursuant decisions issued thereto, as well as upon other local laws and regulations applicable in the Emirate of Ras Al Kamiah.
