Working in Ras al-Khaimah: What is it like?

Contributed by Anshuman Kukreti, 23 July, 2015

While the world sings ahoy to the chorus of a lavish life in the UAE, professionals are increasingly flocking from around the world to witness the likes of bright career prospects in the country. Be it Dubai, Abu Dhabi or Sharjah, every emirate has its own specialty, mixed with a plethora of employment opportunities. But, is the UAE limited to these emirates only?

Glared by the numerous alternatives that huge emirates like Dubai and Abu Dhabi provide, for sure you might not have even heard about other destinations, but that won’t hold you from exploring, right?

Ras al-Khaimah, capping the UAE in the north and sharing borders with Oman has come up as a dark horse, in spite of it being an emirate that doesn’t produce oil. It stands as a perfect example for the world to see how this exotic Arab country is moving its interests to the non-oil reliant side, with global investors also shifting funds to non-oil sectors flourishing at a rapid pace.

 

The Economy Proliferating In The Emirate

Reputed sources clearly suggest that economy in this part of the UAE has stabilized over the past few years. A strategically significant geographical location, along with efficient connectivity with other emirates can be listed as the major reasons for the economic and employment growth here. In addition to this, the safety and reliability an individual or on organization witnesses during the ongoing political volatility in the Middle East, has also served as an important factor for the region to see investments and corporations foraying into the market.

Coupled with these factors, the impeccable infrastructure that this emirate offers for businesses to develop has also caused a considerable movement towards progression. However, the major sectors booming in RAK are as mentioned below:

 

Other Aspects  That You Need To Consider

Taxing and Banking in Ras al-Khamiah

Being in line with the way other emirates function, Ras al-Khaimah is also a tax free emirate. However, it becomes quite important for you to consider the tax affairs at home, for living in such a place might make you aloof from the idea of paying taxes.

Moreover, the banking in this part of the country is flourishing as well. All major banks like Emirates NBD, RAK bank and First Gulf Bank have their branches set up here, for you to take care of all financial needs.

 

Cost of Accommodation

Although it seems like an expense, but accommodation can be efficiently managed in this part of the UAE. However, the imperative thing to consider is that property and rental prices in Ras al-Khaimah are way more affordable than any other emirates in the country.

 

Future Employment Prospects

Being rich in natural resources and other utilities, this region has a major chance of growth in manufacturing and real estate sector, hence a bigger probability for talented professionals to realize the employment potential it holds.

Plus, having most of its work idiosyncrasies similar to Dubai and other emirates (working hours and pay incentives), it sure does have a bright future for job-seekers to look forward to.

 

Author Bio: Anshuman Kukreti is a professional writer and a keen follower of the global job market. An engineer by qualification and an artist at heart, he writes on various topics related to employment across the Gulf. Reach him @ LinkedIn, Twitter and Google+.

Tags: business | interest | Banking | Economy | Tax | Other | Middle East | Employment | professionals | Insurance | Manufacturing | investment | Dubai | Oman | Sharjah | banking | manufacturing | food | tax |

 

 





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