Ras Al Khaimah, one of the seven emirates of the United Arab Emirates, has a rich and fascinating history that spans thousands of years. From its origins as a center for trade to its modern-day reputation as an attractive destination for investment and residency, the emirate has a lot to offer. In this article, we explore the history of Ras Al Khaimah and why it is a good place to live and invest in today.
Early Settlements and Rise to Power
The earliest known settlers in Ras Al Khaimah were the Hajarain people, who arrived in the region around 5000 BCE. They were followed by the Bani Yas tribe, who established a presence in the area around 2000 BCE. Over the centuries, Ras Al Khaimah became an important center for trade, with merchants from India, Iran, and the Arabian Peninsula all doing business in the region.
In the early 18th century, the Al Qasimi clan took control of Ras Al Khaimah and established the emirate as a major power in the region.
Pearl Diving and Economic Growth
During the 19th century, Ras Al Khaimah became a center for the pearl diving industry, with many of its inhabitants making their living by diving for pearls in the waters around the emirate. The pearl diving industry reached its peak in the early 20th century, but declined rapidly with the advent of cultured pearls.
In 1972, Ras Al Khaimah joined with the other emirates to form the United Arab Emirates, with Sheikh Saqr bin Mohammed Al Qasimi serving as its ruler. Under his leadership, the emirate saw significant economic growth, with the development of new industries like manufacturing, tourism, and services.
Favorable Business Environment and Sustainability
Today, Ras Al Khaimah is known for its favorable business environment, commitment to sustainability, and high quality of life. The emirate has a pro-business attitude and offers a number of incentives for investors, including tax exemptions, low business costs, and streamlined procedures for setting up and operating a business.
It also has a well-developed infrastructure, with modern transportation and telecommunications systems, as well as a skilled and diverse workforce. Ras Al Khaimah is also committed to sustainability, with a number of initiatives in place to promote renewable energy, reduce waste, and protect the environment.
High Quality of Life and Cultural Heritage
In addition to its strong business environment and commitment to sustainability, Ras Al Khaimah also offers a high quality of life for residents. The emirate has a diverse range of housing options, from luxurious villas to affordable apartments, as well as modern healthcare facilities, international schools, and a variety of leisure and entertainment options. It also boasts a rich cultural heritage, with a number of historical and cultural landmarks, as well as a vibrant arts and culture scene.
Overall, the combination of its strategic location, favorable business environment, commitment to sustainability, and high quality of life make Ras Al Khaimah an increasingly attractive destination for both investors and residents alike. With continued investment and development, the emirate is well-positioned to continue its growth and success for years to come.