To build a Dhs1 billion luxury resort with 1,000 rooms and one million square feet of space overlooking the Arabian Gulf, Abu Dhabi National Hotels (ADNH) has purchased a magnificent plot on Al Marjan Island in Ras Al Khaimah (RAK).
Al Marjan Island is one of the top tourist destinations in the UAE with several global hotel operators already having made significant investments in the area.
Abdulla Al Abdooli, CEO of Marjan, said: “Ras Al Khaimah’s strength is its fully diversified economy with the leadership focused on promoting trade, tourism, hospitality, and manufacturing. Over the years, the emirate has strengthened its reputation as an investment, hospitality, and tourism hub, attracting high-profile investments and featuring world-class assets. Marjan continues to establish high-end projects in the hospitality, leisure and sports sectors to support the destination strategy of the emirate. The investment by ADNH to develop a luxury resort in Al Marjan Island reflects its confidence in the potential of the destination and will catalyse additional investments.”
Sheikh Ahmed Aldhaheri, vice-chairman and MD of ADNH, said: “This is an exciting opportunity to expand and position into other Emirates. Our strong believe in the potential, economy and leadership of the UAE were the main catalyst of this investment.”
Khalid Anib, CEO of ADNH, said: “At ADNH, we are confident that our investment in Ras al Khaimah will create strong returns to our shareholders and enhance UAE as a leading travel and hospitality destination. This luxury resort will complement our existing portfolio across Abu Dhabi and Dubai.”
In addition to the Hampton by Hilton Marjan Island, Mövenpick Resort Al Marjan Island, Rixos Bab Al Bahr Hotel, DoubleTree by Hilton Resort & Spa Marjan Island, and Marjan Island Resort and Spa, Al Marjan Island by Marjan boasts more than 3,000 hotel rooms.
