RAK Chamber of Commerce and Guatemala Strengthen Investment Cooperation


Ras Al Khaimah: The Ras Al Khaimah Chamber of Commerce explored avenues to enhance cooperation with the Republic of Guatemala across sectors such as tourism, investment opportunities, and trade exchange initiatives. The discussions aimed at boosting communication and coordination between the business communities of Ras Al Khaimah and Guatemala, as well as promoting participation in international events and exhibitions organized by both parties.



According to Emirates News Agency, the discussions took place during a meeting between Mohammed Musabbeh Al Nuaimi, Chairman of the Ras Al Khaimah Chamber of Commerce, and Jorge Rafael Archila Ruiz, Ambassador of Guatemala to the UAE, with Embassy Counsellor Jose Basila also in attendance. Dr. Ahmed Al Shemeili, Director-General of the Ras Al Khaimah Chamber, was present at the meeting. The focus was on exploring investment opportunities in the tourism sector and leveraging the advantages offered by the Emirate. The meeting aimed to foster interest among businessmen and investment companies in Ras Al Khaimah and Guatemala for joint projects in sectors like infrastructure, manufacturing, real estate, and tourism.



Both parties emphasized the potential to enhance cooperation between companies and businessmen, highlighting the incentives and facilities provided by Ras Al Khaimah. They discussed the services offered by the Chamber of Commerce to strengthen communication with local companies and facilitate the establishment of new ventures. The meeting also underscored the importance of increasing participation in trade and industrial exhibitions held in both Ras Al Khaimah and Guatemala.



Al Nuaimi reiterated the chamber’s commitment to enhancing cooperation between business communities in various sectors and linking them with counterparts in different countries, including Guatemala. He emphasized the importance of international collaboration and exploring investment opportunities, particularly in the tourism sector, which offers significant potential for cooperation between companies and businessmen in Ras Al Khaimah and Guatemala.



Ambassador Ruiz praised the prominent position of the Emirate of Ras Al Khaimah in sectors such as tourism and real estate development. He noted that these sectors stimulate cooperation and increase investment opportunities, facilitating expanded collaboration between the private sector and investment institutions in Guatemala and Ras Al Khaimah.