The Meneren Corporation, a
Incubation Association member, has been responsible
for the planning, development and management of
the various "business incubators", including the
Margaret Thatcher Business Center, which was designed to
include a Western-style business incubator.
WHAT IS BUSINESS INCUBATION?
Business incubators have proven successful in
accelerating the development and longevity of emerging
businesses. In many parts of the world, including the
U.S., the U.K. and Japan, business incubators have
dramatically increased the growth and success rates of
A recent E.U. survey of its business innovation
centers found that survival rates for new businesses in
a business incubator were 88 percent, compared to 50
percent for small businesses generally.
In the United States alone, business incubators have
spun off more than 19,000 businesses.
RAK AND THE FREE ZONE
Business Incubators were an innovative strategy to
create a safe haven for businesses in this Gulf Emirate.
With its strategic location providing access to Middle
Eastern markets, the Ras Al Khaimah Free Zone is
emerging as a leader in business innovation and
development. The RAK Free Zone includes business,
industrial and technology parks, planned for the RAKFZ
by Meneren. In the center of this Free Zone is a
first-of-its-kind Business Incubator complex that not
includes two completed/occupied incubator buildings with
one additional building under construction. This
complex acts as a catalyst in attracting business and
industry, and in fostering new ideas.
THE MARGARET THATCHER BUSINESS
As a strong supporter of economic development and
ethical business, Margaret Thatcher offered her name and
support to the RAK Center. As a result, the facility
reflects the same strong values and support for the
small-business person that she has championed worldwide.
BENEFITS TO RAK/UAE AND BEYOND
The MTBC project has changed the way business is done
in RAK and the region. The MTBC was designed to nurture
and train a whole new generation of innovative business
According to a U.S. national incubator survey, of the
companies graduating over the last two years 80 percent
of them relocated within the same city. The incubator's
location within a free zone will provide increased
incentive for graduate companies to remain in RAK.
Whether you are interested in participating in a
unique, ground-breaking Incubator investment opportunity
or becoming a tenant of the RAK Incubator, please
contact the offices of The Meneren Corporation by Phone
(303) 221-3369, Fax (303) 972-8669, or e-mail <firstname.lastname@example.org>.
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by The Meneren Corporation All Rights Reserved