RAKEZ & ICFA signed MoU to Promote Trade and Innovations

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.

• 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