Marjan partners with Wynn Resorts to develop multi-billion dollar resort in Ras Al Khaimah

  • Date: 26-Jan-2022
  • Source: Gulf Business
  • Sector:Economy
  • Country:UAE
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Marjan partners with Wynn Resorts to develop multi-billion dollar resort in Ras Al Khaimah

Marjan, RAK Hospitality Holding and Wynn Resorts, the US-listed international developer and operator of luxury resorts, have announced a multi-billion dollar integrated resort development on Ras Al Khaimah’s (RAK) Al Marjan Island. The development is the first beach resort being developed by Wynn Resorts globally. Scheduled for completion in 2026, the new integrated resort will be located on one of Al Marjan’s islands, which covers an area of almost 250,000 sqm. The resort will feature a luxury hotel with 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. The resort will be developed with significant foreign direct investment by Wynn Resorts. As the largest project of its kind in RAK’s growing hospitality sector, it will create substantial value to the local economy by accelerating tourism, creating jobs, and boosting the growth of related sectors. Engineer Abdulla Al Abdooli, CEO of Marjan, said the new integrated resort highlights the fast-growing recognition of RAK as a leading investment destination for high-quality hospitality projects. “The integrated development, featuring a world-class hotel, entertainment and gaming amenities, will add to the emirate’s destination strategy to attract tourists from