In the first half of this year, the number of new media companies registered in Ras Al Khaimah Economic Zones (RAKEZ) reached 618, marking a substantial increase from 386 during the same period in 2022. This impressive growth of 60% underscores RAKEZ’s appeal as an emerging regional hub for media and digital content industries. The total number of licensed media companies in RAKEZ has now surpassed 2,543, showcasing the area’s vibrant and expanding media landscape.
Diverse Media Activities in RAKEZ
The media activities within RAKEZ encompass a broad spectrum of specialties, including media services, event management, digital media, film and television production, radio, concert organization, public media, music, entertainment, video games, publishing, and commercial information. This diversity reflects the expansive and dynamic media scene in RAKEZ, further enhancing its reputation as an ideal destination for companies and talent in the media and creative sectors.
Notable Media Companies
Among the distinguished media companies headquartered in RAKEZ is Savoir Arabia, a creative marketing and communication agency collaborating with prestigious global brands such as L’Oréal, Armani, and Piaget to deliver innovative communication campaigns that embody the spirit of creativity in the region. Additionally, Bike Digital stands out as one of the significant international media platforms specializing in food and events, having launched from RAKEZ in 2023 and partnering with renowned brands like Nike.
Infrastructure Expansion at RAKEZ
RAKEZ is also expanding its business infrastructure through projects such as the development of the Compass Business Center 2, which will extend its current Compass Center to meet the growing demand from the media, creative sectors, and other emerging industries. Located near Marjan Island, the new facility will span 7,960 square meters and feature advanced IT infrastructure, fully furnished offices, and spaces ready for immediate use.
Supportive Initiatives for Media Entrepreneurs
Continuing its commitment to media growth, RAKEZ organizes a variety of events, workshops, and mentorship sessions aimed at entrepreneurs and professionals in the media and creative fields. These initiatives also encompass business development programs, networking opportunities, and community activities designed to empower creative businesses and talent to form fruitful partnerships and achieve sustainable growth. Moreover, RAKEZ is developing easy business establishment solutions and expanding its media activities to encompass new fields while offering innovative digital services that foster growth in this vital sector.
According to Rami Jlad, CEO of RAKEZ, “The media sector is a vital driver for the development of the creative economy in the UAE. At RAKEZ, we continuously work on developing new projects and initiatives to support even more media companies and creative entrepreneurs. Through initiatives like the Compass 2 development, the expansion of our modern facilities, and a diverse range of business establishment solutions, we aim to create an integrated environment that encourages collaboration, innovation, and productivity, consolidating RAKEZ’s position as a leading destination for media and content production in the region.”
He added, “RAKEZ offers a comprehensive business environment that includes flexible licensing options, modern offices, and coworking spaces that promote collaboration among content creators, along with a ‘one-stop-shop’ system that enables investors to complete their business transactions smoothly and efficiently. This growth reflects RAKEZ’s role in empowering the media industry and supporting the creative economy in the UAE as it continues to solidify Ras Al Khaimah’s position as a leading destination for media production and content creation, supported by innovative services and investment programs that enhance value for investors and clients.”