Wynn Resorts invests in multibillion-dollar resort in Ras Al Khaimah
The integrated resort is set to be completed by 2026.
Marjan, RAK Hospitality Holding and Wynn Resorts have announced a multibillion-dollar integrated resort development on Al Marjan Island in Ras Al Khaimah, United Arab Emirates. Wynn Resorts, the US-listed international developer and operator of luxury resorts, has made a significant foreign direct investment in the project.
The new resort is in the initial stages of design and development and will be applying for an integrated resort license from Ras Al Khaimah Tourism Development Authority.
This is the first beach resort being developed by Wynn Resorts globally and is set to be completed by 2026.
“Al Marjan Island is a pristine setting and an ideal greenfield location for us to create the one-of-a-kind guest experiences for which Wynn Resorts is renowned,” said Craig Billings, CEO of Wynn Resorts. “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.”
Abdulla Al Abdooli, CEO of Marjan, said the new development will raise the benchmark in luxury hospitality throughout the region and help to attract global tourists.
“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,” said Abdooli. “We are partnering with Wynn Resorts, one of the world’s most renowned integrated resort companies, which has a strong track record of developing luxury destinations with exceptional accommodation, dining, entertainment concepts and gaming facilities. 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 the Ras Al Khaimah economy and boost the leisure, business, and MICE tourism sectors.”
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