RAK commercial district aims for ‘new era’ of growth
- Date: 29-Jan-2024
- Source: AGBI
- Sector:Technology
- Country:UAE
RAK commercial district aims for ‘new era’ of growth
Ras Al Khaimah on Monday unveiled plans to build a new commercial district to spearhead a “new era” of economic growth in the emirate. Developer Marjan said RAK Central will feature grade A offices, more than 4,000 apartments, three hotels, retail and entertainment facilities, parks and more than 1,000 parking spaces. Construction work is scheduled […]
Works start later this year
Offices, hotels and apartments
Due date of Q4 2026
Ras Al Khaimah on Monday unveiled plans to build a new commercial district to spearhead a “new era” of economic growth in the emirate.
Developer Marjan said RAK Central will feature grade A offices, more than 4,000 apartments, three hotels, retail and entertainment facilities, parks and more than 1,000 parking spaces.
Construction work is scheduled to begin later this year, with the first phase of the infrastructure and the main business complex expected to be completed in the fourth quarter of 2026.
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RAK Central will be a key component to RAK Vision 2030 and will feature the largest commercial business district in the Northern Emirates.
Positive outlook
Experts forecast improved economic prospects for RAK