HOSPITALITY DEVELOPMENT
Investment opportunities across the hospitality sector include hotels, state-of-the-art convention facilities, luxury retail outlets and fine dining experiences.
The Emirate is currently houses a number of hotels – from luxurious beach resorts to city centre properties, boasting more than 8000 keys. World-class hotels and resorts include properties such as Waldorf Astoria, Hilton, Rixos, Ritz-Carlton Al Hamra Beach, as well as the world’s largest Hampton by Hilton and the recently opened Mövenpick Resort Al Marjan Island with 420 hotel keys and direct sea views.
At the beginning of 2022, Marjan and RAK Hospitality Holding announced its partnership with Wynn Resorts to open a multi-billion- dollar integrated resort development on Ras Al Khaimah’s Al Marjan Island.
The new integrated resort is set to open in 2026 and will cover an area of almost 250,000 sqm and will feature more than 1,000 rooms, shopping, meeting and convention facilities, a spa, more than 10 restaurants and lounges, extensive entertainment choices, a gaming area and other amenities.
Ras Al Khaimah also houses the 4,500 square metre Al Hamra International Exhibition & Conference Centre bosting 2,700 square metres of exhibition space and two exclusive majlises (gathering spaces) – a world-class event space that has played host to a multitude of large-scale conferences such as the Global Citizen Forum, World Travel Forum Lucerne and the Arab Aviation Summit.
