Ras Al Khaimah Digital Assets Oasis Rebranded as Innovation City

Welcome to the world’s first AI-powered free zone.

Ras Al Khaimah has officially rebranded and relaunched its pioneering RAK Digital Assets Oasis (RAK DAO) as Innovation City (INC), marking a bold step in its transformation into a global hub for next-generation technology and innovation. This landmark initiative signals the start of a new era not only for the Emirate but also for the wider region.

Innovation City has been designed to create a dynamic global ecosystem for entrepreneurs, disruptors and emerging industries, leveraging artificial intelligence to streamline regulatory frameworks and fast-track company formation. Initially, it will focus on five high-growth sectors:

– Web3 and Digital Assets

– Artificial Intelligence

– Gaming and iGaming

– Robotics

– Healthtech and Digital Health

By streamlining efforts and lasering in on these future-focused industries, INC aims to attract startups, innovators and global technology companies looking for a supportive, nurturing and forward-thinking environment — one with the added benefits of low corporate tax, no income tax and the highly popular Golden Visa programme.

In addition to regulatory innovation, Ras Al Khaimah will develop dedicated infrastructure and prime land tailored specifically for technology enterprises. This includes physical and digital infrastructure built to support the complex needs of tech firms, R&D centres and global innovation labs.

The initiative reflects the Ras Al Khaimah government’s vision to drive sustainable development, economic diversification and technological advancement. This, in an emirate traditionally known for its spectacular nature attractions but now attracting luxury residences and some of the world’s  

With a strategic location offering close access to Dubai’s business ecosystem while boasting Ras Al Khaimah’s natural beauty, cultural heritage and quality of life, Innovation City is uniquely positioned to offer a compelling base for global entrepreneurs and enterprises. As the world’s first AI-powered free zone, this represents more than just a mere name change. It is a transformative vision, laying the groundwork for a tech-driven, globally connected future for Ras Al Khaimah.

As Sheikh Mohammed bin Humaid Al Qasimi, Innovation City Chairman, has been reported as saying: “[Innovation City will] shape industries and put Ras Al Khaimah on the map as a capital of innovation for decades to come.”