Ras Al Khaimah Earns Upgraded ‘A/A-1’ Credit Rating with Stable Outlook from S&P Global

The rating reflects Ras Al Khaimah’s robust tourism pipeline, supported by infrastructure projects, and the strength of its mining, free zones, real estate, and port sectors. S&P anticipates sustained non-oil growth fueled by investments across the UAE, GCC, and the Indian subcontinent.  

Ras Al Khaimah’s Government attributed the upgraded rating to its economic strategy and visionary leadership under H.H. Sheikh Saud bin Saqr Al Qasimi. A spokesperson emphasized the Emirate’s resilience and appeal as a destination for living, working, visiting, and investing.  

S&P estimates Ras Al Khaimah’s real GDP will grow at an average rate of 4% from 2024 to 2027, supported by tourism and infrastructure initiatives. The agency also noted the Government’s commitment to conservative fiscal management.  

As the northernmost Emirate of the UAE, Ras Al Khaimah continues to diversify its economy, strengthening its position as a hub for talent and global businesses.

Source : www.wam.ae