Ras Al Khaimah Free Trade Zone (RAK FTZ), a special commercial centre that makes it easier and faster to set up profitable companies in the Middle East region, has inked a Memorandum of Understanding (MoU) with the Environment Protection and Development Authority (EPDA) of Ras Al Khaimah that will increase cooperation between both organisations to protect the earth’s resources and support the setup of industrial businesses in RAK FTZ.
The MoU was co-signed by Sheikh Mohammed Bin Humaid Bin Abdullah Al Qasimi, Managing Director, RAK FTZ, and Dr Saif Mohammed Al Ghais, CEO, EPDA.
“The MoU that we have signed with EPDA is the latest in a long list of initiatives that RAK FTZ has undertaken in order to support environmental sustainability. We consider sustainability to be an essential ingredient in doing business responsibly and successfully at the free zone. Our cooperation with EPDA through this MoU will increase our efficiency in helping industrial projects establish their base in RAK FTZ,” Sheikh Mohammed said. “RAK FTZ has been working on many environmental initiatives this year, including the Low Fat Zone programme to encourage recycling, planting trees in the RAK FTZ premises with the participation of our employees, district cooling plants and water-saving measures including the installation of new faucets, among other activities,” he added.
As a result of the MoU signing, industrial projects and businesses will receive extensive support when registering their companies with RAK FTZ. The support will come in the form of pre-approvals for certain activities, such as processing and re-processing of oil and gas, smelting and manufacturing of minerals including steel, aluminium and gold, waste handling projects and others. RAK FTZ and EPDA will work hand in hand to check all the requirements of establishing industrial businesses, assure faster processing of approval certificates’ issuance, and ensure that industrial projects which fall under RAK FTZ’s umbrella are environmentally safe and friendly.
The MoU encourages cooperation between both authorities in the exchange of knowledge and best practices to preserve the environment. It encompasses EPDA’s readiness to deliver seminars at RAK FTZ’s request that are related to saving the environment, as well as the participation of RAK FTZ in organising and coordinating environmental awareness campaigns, workshops and competitions. The MoU will also spread awareness in the community on the best environmental practices that RAK FTZ and EPDA follow.
Additionally under the MoU, RAK FTZ will sign agreements with other government authorities in Ras Al Khaimah to ensure that its environmental programmes are implemented and executed in a convenient and timely manner, with the coordination of EPDA.
The MoU signing comes about a year after the EPDA recognised RAK FTZ with its prestigious award for Best Environmental Practices in Ras Al Khaimah. The award honoured RAK FTZ for numerous conservation initiatives including the installation of recycling stations across all its business parks, an Environmental Performance Card seminar for its Industrial Park clients, and an EHS penalty system to monitor the environmental impact of all RAK FTZ-based companies.
Additional RAK FTZ conservation measures included a competition that encouraged clients to cut back on energy usage, encouraging renewable energy companies to join as clients, the installation of energy-saving lights, and other measures.
With RAK FTZ’s regular social and environmental initiatives, including its EHS projects, Clean-Up UAE campaign, Healthy Employee Lifestyle Programme (HELP), numerous blood donation campaigns, support to cancer research in the UAE and several sports and educational programmes within the country, RAK FTZ is well-known for its Corporate Social Responsibility (CSR) work in the community.