RAK economy up 8% in 2009

Ras Al Khaimah economy grew by around eight per cent in 2009 as the emirate stepped up a push to attract capital, official data showed on Wednesday.

The figures by the Ras al Khaimah Department of Economic Development showed the Emirate's gross domestic product reached Dh17.5 billion in 2009, an increase of eight per cent over 2008.

The Department, releasing its 2009 report on the local economy, estimated domestic investments by the public and private sector (gross fixed capital formation) at nearly Dh7 billion in 2009.

It put the emirate's population at around 256,000 at the end of 2009, making it the fourth largest emirate in the UAE in terms of population and economy after Abu Dhabi, Dubai and Sharjah.

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