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

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

The multi-purpose integrated resort – the first in the MENA region by Wynn Resorts – marks the largest of its kind foreign direct investment in Ras Al Khaimah

Gulf Business

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 across the world. By leveraging Wynn Resorts’ expertise in developing luxury hospitality destinations, the new development will raise the benchmark in luxury hospitality in the region. It will also create exceptional value to RAK’s economy and boost the leisure, business, and MICE tourism sectors.”

Craig Billings, the newly appointed CEO of Wynn Resorts, said: “The region offers tremendous potential for the hospitality and tourism industry, and we are excited about the prospect of developing an integrated resort in Ras Al Khaimah.”

The new resort, which is in the initial stages of design and development, will be applying for an integrated resort licence from Ras Al Khaimah Tourism Development Authority.

Ras Al Khaimah’s tourism sector – which aims to attract 2.9 million visitors per year by 2025 – will benefit from this development.

The focus on tourism to diversify its economy has been central to the emirate’s leadership. Last year at the Arabian Travel Market, the Ras Al Khaimah Tourism Development Authority announced over 20 sustainable tourism development initiatives across the emirate marking an investment of Dhs500m, in partnership with RAK Hospitality Holding and RAK Chamber of Commerce and Industry.

Read: All you need to know about Ras Al Khaimah’s Dhs500m sustainable tourism projects

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