How RAK’s Port Expansion Benefits Industrial Real Estate?

A Comprehensive Guide on Ras Al Khaimah Port, aka RAK Port

Ras Al Khaimah Port is located on the coast of Ras Al Khaimah, United Arab Emirates, and is a gateway for worldwide trade. Because of its strategic location, the port is one of the busiest in the world. From import to export, all kinds of activities can be seen at the RAK Port. The port handles different sectors, such as manufacturing, construction, and the industrial sector. RAK Port offers a wide array of services, such as warehouse, industrial training, shipment handling, ship repair, and much more. Read ahead to get a closer insight into RAK Port. Let's kick off. 

How RAK’s Port Expansion Benefits Industrial Real Estate? 

RAK Port has greatly contributed to enhancing the economic sector of the United Arab Emirates. Recently, RAK Port is expanding Saqr Port with two capesize berths and a new free zone, offering additional land and greater opportunities to multiple sectors, especially the industrial real estate sector. Let's understand the perks and benefits of RAK Port expansion for the industrial real estate: 
 

• Increased Economic Rate: An influx of RAK Port will result in the flourishing of the economic sector. With the broad expansion of the RAK Port,  plenty of businesses will actively participate in the port, taking advantage of the free zone and other benefits. The high economic rates will influence the industrial real estate and help them with the increased outputs. 
   
• Job Opportunities: With the expansion of the RAK Port, industrial real estate will offer endless job opportunities. Specialised roles at the port, sales, management, and leasing executive are some of the options that are the prime highlights of the industrial real estate sector. 
   
• Warehouse and office Demands: The enormous expansion of the RAK Port will significantly boost the industrial real estate sector. The expansion will attract a large demand for offices to handle the work. The industrial real estate sector will also need warehouses to store the products. This will also help with an effortless distribution to the commercial markets. 
   
• Residential Properties: Expanding the RAK Port will increase the need for residential properties. High demand means you might have to pay high prices to get the residential property of your choice. Different kinds of housing properties are available around the RAK Port, from villas to townhouses to apartments. All these housing options are available for rent or purchase.  
   
• High Connectivity: The RAK Port's connectivity plays a vital role in its development. Thus, by expanding the RAK Port, RAK Port aims to upgrade its business worldwide. With the help of the expansion of the RAK Port, interacting with the markets of Africa, Asia, and the Middle East will become a piece of cake. People from these locations can freely import and export goods from the port. Due to the high connectivity, it will draw the attention of numerous people, making it a great deal for the industrial real estate sector.  

Why is the RAK Port expansion important?
 

• The RAK Port will be a driving force in introducing new industries, such as food, iron, automobiles, steel, and others. 
• The expansion will create new industries that will be the new beginning of the latest job options. 
• The RAK Port's expansion will support the creation of modern infrastructure, making it more effective and improved. 

Conclusion 

To begin with, the expansion of RAK Port is a new chapter in the United Arab Emirates' development book. Not only does it offer job opportunities, but it can also fulfil the demand for industrial real estate. The expansion is not only related to the port; it also unlocks the expansion of the tourism world, accelerates investments, and promotes industrial real estate growth. This post also discusses the industrial estate benefits mentioned in the above lines.