UAE’s Ras Al Khaimah Unveils Digital Asset Hub to Boost Economy

Ras Al Khaimah, celebrated for its cultural heritage, is diversifying its economy by embracing digital assets beyond traditional sectors like tourism. On October 19th, Sheikh Mohammed bin Saud bin Saqr Al Qasimi inaugurated the RAK Digital Assets Oasis (RAK DAO). This economic free zone supports digital asset, blockchain, Web3, and AI companies while offering grant programs and specialized support in tech, marketing, and business development. RAK DAO aims to drive innovation and seize global digital asset opportunities, positioning Ras Al Khaimah as a UAE pioneer, alongside tech hubs in Abu Dhabi and Dubai.

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