RAK FTZ and RAKIA are now part of a larger group, RAK Economic Zone (RAKEZ). RAKEZ is an Authority established to oversee and consolidate the specialized parks and clients of both Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). RAKEZ, the world-class economic zone is aimed at offering highly customized facilities and services within an efficient ecosystem in the emirate of Ras Al Khaimah. Ras Al Khaimah is at a geostrategic location and has an ideal place for business setup as it is nearby fast-emerging markets in South East Asia, Africa and Europe. It has easy access to an international airport and five seaports including Saqr Port, one of the largest bulk Port of the region.