Agility, anticipating changes, forecasting the future, and making calculated decisions are the key traits of a successful economic system. Together, they form the foundation of a work environment capable of attracting investments, ideas, young creative minds, and entrepreneurs who are looking for platforms that allow them to move towards new levels of success.

And today, tremendous developments are emerging onto the global economic and business scenes, where we are witnessing a great rise of small and medium enterprises (SMEs). Furthermore, Millennials are attaining decision-making status and assuming greater responsibilities; this generation approaches the concept of work from a very different point of view, relying more and more on technology and advanced digital solutions. With all of this in mind, it is essential that economic decision makers keep pace with these developments to ensure that companies, in turn, are on par with these developments.

As the world looks ahead to a post-Covid-19 future, when the virus is hopefully reduced to nothing more than a seasonal flu, we cannot help but acknowledge the lasting impact it has had on our daily lives, whether personal or professional.    

Wearing a mask in public places has become the norm while social distancing, PCR tests and requiring a vaccination to enter certain events are all new procedures we have had to get used to.

Professionally, much of the world switched to remote working in 2020 and while many companies have returned to their places of work, many more have not, as they are reaping the benefits of not having a fixed location.

The era of the digital nomad, the gig economy and coworking is upon us.

This is, in part, why the opening of Compass Coworking Centre is such a timely move by Ras Al Khaimah Economic Zone – RAKEZ – a powerhouse business and industrial hub that currently hosts over 15,000 companies from more than 100 countries and working over 50 industries. 

It is also a shining example of how, through the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, to make the Emirate a prime destination for business and investment, RAKEZ has taken a challenge and found an opportunity.