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RAKEZ & ICFA signed MoU to Promote Trade and Innovations

Published on July 05, 2023
Current Context: A strategic collaboration between RAKEZ and ICFA to create opportunities for knowledge exchange, trade promotion, investment, and research and development in the food and agriculture sectors of the UAE and India.
RAKEZ & ICFA signed MoU to Promote Trade and Innovations
  • The MoU was signed on 3rd July, 2023, the MoU was signed by Group CEO of RAKEZ Ramy Jallad and ICFA Chairman Dr MJ Khan.
  • The agreement will also facilitate promotional activities for trade, market access, and business matchmaking between the Indian food and agriculture companies and businesses in the RAKEZ ecosystem.
  • The MoU also envisions the fostering of research and development collaborations between Indian and RAKEZ-based institutions to advance agricultural innovation, crop improvement, sustainable farming practices, and food processing technologies.
  • This is a positive development for both countries as it will stimulate economic growth and foster innovation within the food and agriculture sectors.

Question:

Q.1 What is the name of the economic zone in Ras Al Khaimah that signed the MoU with ICFA?
a. RAKEZ
b. RAKIA
c. RAKFTZ
d. RAKICC
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