The positive assessment reflects the strong growth prospects of the emirate and the continuous economic diversification
The strategic approach to Ras Al Khaimah for sustainable, sector growth and strong economic and investment environment has been validated by the international creditworthiness agency Fitch, which re -confirms the rating on ‘A+’ with a stable prospect.
The Government of Ras Al Khaimah welcomed the cancellation as an approval of the resilient and sustainable economy of the emirate, good tax management and the clear vision and the relentless use of its leadership of sustainable, long -term development and growth.
The historical tourist projects of the emirate, including an important integrated resort, luxury hotels and leisure facilities of world class, in combination with an increase in real estate, create opportunities for investors, stimulating further investments and the economic resilience of the Emire, according to Fitch.
De woordvoerder van de regering van Ras Al Khaimah zei: “De consistente A+ kredietwaardigheid van Ras Al Khaimah is te danken aan haar gedisciplineerde economische strategie, ambitieuze beleggingsagenda en langetermijnverplichting om een duurzame en gediversifieerde economie op te bouwen. Jaren om een aantrekkelijke wereldwijde investerings- en toeristische hub te worden, evenals een leider tot leven, werk en explores. “
In March, Ras Al Khaimah successfully spent on 10-year USD1 billion Sukuk, while the total public debts are kept on only 11% of GDP-one of the lowest levels of sovereigns assessed by the rating. This is expected to 9% by 2026.
Fitch estimates that Ras Al Khaimah reached the real GDP growth of 6.7% in 2024, an increase of 3.6% the previous year. RAK Government anticipates this strong momentum to continue, with average growth projected at 6.1% in 2026. This growth is powered by important strategic initiatives, in which the development of the historic $ 5.2 billion Wynn Al Marjan Island is intensely noticed. The resort is ready to open in 2027 and is ready to stimulate further economic expansion.
Fitch also emphasizes the high GDP per head of the population Al Khaimah, a strong government, political stability and effective rule of law – important factors that contribute to the attractive investment environment of the Emirate. The assessment of the rating stands as an approval of the solid public finances of the Emorate, the robust growth rage and its status as a dynamic and safe global hub for business and investments.
