RAK Digital Assets Oasis Relaunches as Innovation City

Introduction

RAK Digital Assets Oasis has officially rebranded and relaunched as Innovation City (INC), signaling the start of a bold new chapter for Ras Al Khaimah and the wider region. Innovation City aims to become a global hub for technology and innovation companies—bringing together entrepreneurs, creators, and visionaries to build the industries of the future.

With an ambitious vision to create a vibrant cluster of technology, and an intense concentration of talented innovators and builders, Innovation City will initially focus on five core pillars:

• Web3 & Digital Assets
• Artificial Intelligence (AI)
• Gaming & iGaming
• Robotics
• Healthtech & Digital Health
  

Sheikh Mohammed bin Humaid Al Qasimi, Chairman of Innovation City, said: “Ras Al Khaimah has always been a place of ambition and possibility. With the launch of Innovation City, we are laying the foundation for a new economic future—one built on technology, entrepreneurship, and global leadership in innovation. This is not just about attracting companies—it is about shaping industries and putting Ras Al Khaimah on the map as a capital of innovation for decades to come.”

Beyond being just a free zone, Innovation City will be the world’s first AI-powered free zone—designing regulatory frameworks, services, and support systems enhanced by artificial intelligence to streamline company procedures, enhance growth and attract forward-looking enterprises.

The initiative will also develop prime land in Ras Al Khaimah into cutting-edge infrastructure designed specifically for technology companies, making the Emirate a beacon and testbed for global innovation.

Paul Dawalibi, CEO of Innovation City, said: “Innovation City dovetails perfectly with the great vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, for an Emirate centered on sustainable development, economic diversification and innovation. With Innovation City, we are not just building another free zone—we are building the future. Our goal is to attract the brightest minds and the most ambitious companies, to create an ecosystem where innovation thrives and scale is inevitable. By combining forward-thinking regulation, AI-powered infrastructure, and a community of global pioneers, INC will become the launchpad for the next generation of world-changing companies.”

Ras Al Khaimah is the ideal destination for innovators from around the world to establish their ventures. It offers a balanced lifestyle, with seamless access to modern amenities and nearby metropolises like Dubai, all the while immersing residents and visitors in the Emirate’s stunning natural landscapes and rich cultural heritage.

Written By RAK Government Media office.

This article was originally published on RAK Government Media office.
You can find the original version here.