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INITIATIVES

  • Under the patronage of His Highness Shaikh Saud bin Saqr al Qasimi, Ruler of Ras Al Khaimah and Member of the Supreme Council of UAE, and as per the directives in the Decision (RR&A dated 30th March 2020), (RAK TDA) has put together a tourism incentive package to assist touristic entities in the Emirate in overcoming economic hardship in the coming months. This document outlines key implementation procedures for the incentive package.
  • RAK TDA Management spent time talking to several industry partners, hotel GM's owners to understand their needs
  • Heads of Tourism met last week with Minister of Economy to share our industry concerns and to use his influence to achieve federal support
  • Provide incentives or plans related to tourist facilities owners and tourism companies and the possibility of deferring due payments for a period of six months, renewable.
  • To reduce FEWA fees for tourist facilities during the crisis
  • Consider the requests of reducing the employees' salaries in exchange of stopping their work, to help reducing the operating expenses, in addition to inviting a representative from Ministry of Human Resource and Emiratization to discuss further challenges

STIMULUS COMMITTEES

The following two steering committees will facilitate seamless implementation of the stimulus package:

  • Internal RAKTDA Stimulus Committee
  • Steering Stimulus Committee representing the Emirate
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INTERNAL RAKTDA STIMULUS COMMITTEE

  • Entity level committee has been formed by the members of RAK TDA (consists of Director of Strategy, Community Events, Investments, Licensing Manger and the Financial Controller), chairedby the CEO and co-chairedby CFO
  • The committee will serve the local stakeholders to avail the benefits of the various stimulus packages from all levels of government
  • Process to apply for the initiatives willbe availablestarting April 15th and more information will follow shortly
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STEERING STIMULUS COMMITTEE REPRESENTING THE EMIRATE

  • Emirate level committee will address RAK wide business and economic concerns
  • The committee will work with utility companies like UTICO and FEWA to promote possible cost reductions
  • In addition, thegroup would also discuss with RAK Insurance and at a destination level, help to address the claims for loss in revenue (business interruption loss insurance) affecting the hospitality and other sectors in RAK
Members Title
Raki Phillips CEO of Ras Al KhaimahTourism Development Authority
Yousuf Ali Mohammed Director General of the Department of Finance inthe Government of Ras Al Khaimah
Mohammad S. Al-Qadi CEO and Managing Director of RAK Properties & Managing Director at Ras Al Khaimah Investment & Development Office
Mohamed Ali Musabbeh Al Nuaimi CEO of RAK Chamber of Commerceand Industry
Abdullah Al Abdooli CEO of Marjan Island

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    Video: Ras Al Khaimah Terrain Put To the Test...

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