Ras al khaimah: Ras Al Khaimah Economic Zone (RAKEZ) has entered into a partnership with UAE-based fintech company Peko to provide a suite of automated services aimed at simplifying the operational needs of small and medium-sized enterprises (SMEs).
According to Emirates News Agency, these services, which range from invoicing and payroll to utility payments and business travel bookings, will be accessible via RAKEZ’s client portal. This collaboration is designed to offer SMEs enhanced convenience and control over their business operations.
The partnership was formalized through a Memorandum of Understanding signed by Peko Founder and CEO Kashif Khan and RAKEZ CXO Ian Hunt at the Compass Coworking Centre. Peko is known for its smart automation solutions that help businesses reduce manual labor, increase financial visibility, and improve compliance by using features such as real-time dashboards and automated reporting. By integrating these capabilities with RAKEZ’s digital platform, the initiative aims to create a connected ecosystem that enables clients to save time, reduce costs, and operate more efficiently.
Kashif Khan stated that the partnership with RAKEZ is a significant step in empowering SMEs with enterprise-level capabilities. The collaboration is not only about addressing operational challenges but also about redefining potential for small businesses. The joint effort with RAKEZ seeks to establish a new standard for how SMEs can operate, grow, and succeed in the modern economic environment.
This initiative enhances RAKEZ’s value by transforming it from a business set-up facilitator to a comprehensive enabler of daily business operations. Entrepreneurs are expected to find it easier to manage administrative tasks and focus on sustainable growth.
RAKEZ Group CEO Ramy Jallad emphasized the commitment to delivering solutions that simplify and enhance business efficiency for clients. The partnership with Peko amplifies RAKEZ’s capacity to equip SMEs with the digital tools necessary for agile operations, process improvements, and the exploration of new growth opportunities.
Through this initiative, RAKEZ reaffirms its status as a one-stop destination where businesses can confidently launch and expand, supported by a seamless digital experience.