Ras Al Khaimah: The Ras Al Khaimah Department of Economic Development, DED, in cooperation with the Federal Competitiveness and Statistics Authority, has completed its annual economic survey and quarterly survey (Q1 2016), which ran from 10th April until 16th June.
Dr. Abdulrahman Mohammed Ali Al Shayeb Al Naqbi, RAK DED Director-General, said, “The two surveys’ results increased the emirate’s GDP [gross domestic product] output, which is expected to break through the 30 billion dirham barrier in 2015, as they included the free zones, which contributed positively to the survey for the quarter. We are now preparing for the launch of the 2nd quarter 2016 survey, which is expected to start by the end of this week, in order to provide comprehensive information about the economy.”
The surveys involved 1,200 companies across various sectors in the emirate, including in free zones, and targeted all licensed economic activities operating in Ras Al Khaimah, in line with the international system of industrial classification of economic activities, ISIC4.
The survey included companies from various business sectors and industries such as tourism, wholesale, retail, banks, construction, as well as other services that play a primary role in the composition of GDP, investment, employment and national variable indicators that reflect the emirate’s output and investment levels.
