FINANCIAL NEWS

UAE- RAK’s 2011 real economic growth at 8%

03 Jun 2012

(MENAFN) Ras Al Khaimah’s (RAK) ruler, HH Sheikh Saud bin Saqr Al Qassimi, stated that the emirate’s real economic growth was at 8 percent in 2011, reported Emirates 24/7.

Al Qassimi added that RAK’s economy is expected to be boosted by notable growth in the tourism sector, in addition to the development in non-oil sectors.

He said that during 2011, the number of business registrations in the emirate jumped by over 25 percent, and the figure is forecasted to remain the same during the current year.

It is worth noting that the number of visitors who arrived to RAK in 2011 surged by 40 percent from 2010, reaching 835,200 travelers, and boosting revenues to USD108.87 million.

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