RAK Chamber of Commerce and Industry is the second chamber of commerce commissioned in the UAE, as the Late Sheikh Saqr bin Mohammed Al Qasimi issued His High Decree for the incorporation of the Chamber on 22 October 1967, so that it may become the cornerstone for a more optimal regulation of the commercial affairs of the Emirate. The Chamber is a public interest organization, possessing a legal personality and administrative and financial independence within the scope of law, the Chamber’s Articles of Association, and its resolutions, along with the other regulations in force in the Emirate of Ras Al Khaimah.

The Chamber adopts the spirit of innovation and creativity, strong leadership, and initiative to support and develop business sectors to achieve excellence and become pioneers, focusing on clients, investors and business by meeting their needs and offering them added value. The Chamber is keen to create and develop a system of sustainable enterprise relations, and it also works to provide a business environment and practices that enhance the culture of group work by working in a spirit of a unified team – along with responding to internal and external changes by providing information, data, procedures, and laws for all concerned categories. This is to achieve transparency and credibility and to create a business-motivating environment to promote the Emirate as an economic hub.

In the course of the economic growth witnessed by the UAE in general - and the Emirate of Ras Al Khaimah in particular, and thanks to the directives of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and the Ruler of Ras Al Khaimah, and the follow-up on the part of H.H. Sheikh Mohammed Bin Saud Al Qasimi, the Emirate’s Crown Prince, the Emirate’s Chamber of Commerce had to cope with such development and include it through its service in order to contribute to the enhancement of economic and social development. This continued until it had become a rising and outstanding icon that participates in and supports the national economy by enabling the business sector to perform its tasks in the implementation of the plans and programs of overall economic development and to prepare the appropriate environment for the private sector to participate in the journey of commercial and economy operations.

Many initiatives are involved within the Chamber, namely, RAK Exhibitions Center, which aims to support commerce and industry and to revive all sectors by holding various exhibitions that contribute to economic growth, a factor which contributed to increased rates of economic growth and enhanced the economic position of the Emirate; the Saud Bin Saqr Establishment for Small and Medium Enterprises (RAK SME), which enhanced the Chamber’s role in SME development; and RAK Reconciliation & Commercial Arbitration Center, which was created to adjudicate commercial disputes.

The Chamber’s board of directors oversee the implementation of the public policy and provide the means with which to make such policy succeed - and thus demonstrate the Chamber’s role in the local community. There are some specialist committees on the board, which directly undertake several specializations in commercial and industrial fields and in arbitration processes. The Board of Directors is comprised of fourteen members, chaired by H.E. Mohammed Al Nuaimi.

The exhibitions’ industry in UAE has become one of the most important industries driving the local economy, reflecting the economic position of UAE. The Emirate of Ras Al Khaimah has turned to attracting major exhibitions through RAK Exhibition Centre, which has played a vital role in stimulating economic activity and tourism. The Center extends over a space of (37,400) square meters and is in Al Nakheel district near the commercial markets. The center was opened in April 1996 and inaugurated by the late Sheikh Saqr bin Mohammed Al Qasimi. The center consists of two showrooms; one with a space of 3600 square meters and the other is 1800 square meters. In addition, there are open spaces of more than (3000) square meters that may be used for different types of displays and entertainment. RAK Book Fair occupied a privileged position amongst fairs and exhibitions organized by Ras Al Khaimah Exhibition Centre, playing a vital role to enhance communication between intellectuals and readers and deepen relationship with books. In its previous sessions, the Fair focused on cultural events to become a forum for writers and intellectuals through the culture café which includes many cultural bright names. The displayed books include various topics: religious, educational, legal, health, children's science, and skills development, in addition to books in different languages such as English and Hindi.

The Book Fair also includes many events and venues such as kids’ studio, in addition to culture café including various cultural events such as lectures, courses, poetry recitals, and the signing ceremony of new releases. The Ras Al Khaimah Exhibition Center gives special attention to women as it organized several exhibitions specializing in: Women's World, Fashion, Perfumes, Bride Fair, and Gulf Lady Fair; all witnessing great success. On the other hand, the Exhibition Center showed special interest in launching consumer exhibitions and festivals which are major attractions for the public providing them with all needs under one roof and stimulating trade in the Emirate. RAK Exhibition Center also holds the Ras Al Khaimah Ramadan Festival which features marketing, heritage, health, cultural and religious events, becoming the center and forum of all local events during the month of Ramadan and Eid al-Adha festival annually, in addition to several international exhibitions as the Thai Exhibition and the Turkish Products Exhibition.