RAK Chamber members’ exports total Dhs1.644bn in Q2 2022

The Ras Al Khaimah Chamber of Commerce and Industry reported that the value of exports of its members in Q2 totalled Dhs1.644bn.

The chamber’s report showed that the number of certificates of origin issued by the chamber totalled 5,871.

According to the state news agency, WAM, 402 new establishments registered with the chamber in Q2 of 2022, including 185 commercial establishments, 193 professional establishments, eight industrial establishments, one service establishment and one agricultural establishment.

June also witnessed the issuance of the largest number of new licences for 158 establishments, while the number of renewed licences amounted to 3,592, and cancelled licences amounted to 234.

The wholesale and retail commerce sector had the largest share of new establishment licences with 255 issued.

Estimated and planned capital for new investments until the end of the second quarter of 2022 exceeded Dhs279m, not including the capital of 55 establishments in free zones and 18 branches of local and foreign companies while the estimated number of workers employed by new businesses was 390.

New investments were reported from 42 countries.