Khater massaad biography of william
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COVER STORY - RAK SPECIAL REPORT - The man who sold the world.
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Naturally, Dr Khater Massaad knows the mission of Ras Al Kaimah Investment Authority (Rakia) off by heart: to encourage international investments to the emirate, and not the other way around. And having attracted close to $2.5 billion in investment, no one can say that the Rakia chief hasn't achieved his aim.
Khater massaad biography of william
Today, there are more than 6,500 companies registered with Rakia, representing investors from diverse non-oil sectors, including industrial, commercial, trading, services, consulting and media companies.
But, for Massaad, a deeply ambitious man, it's just not enough.
The emirate is hungry for more investments and is willing to divest all its international assets to get 'AA' credit ratings, up from the current 'A'. This