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Ras Al Khaimah: Abu Dhabi National Hotels (ADNH), a listed company on the Abu Dhabi Stock Market that operates hotels, restaurants, tourism and transportation, has acquired a prime site on Al Marjan Island to develop a luxury resort worth AED 1 billion, 1,000 rooms spread over 1 million square feet overlooking the Arabian Gulf.
The investment underscores the attractiveness of Al Marjan Island as one of the UAE’s top tourist destinations, with significant investments already made by several global hotel operators.
arch. Abdulla Al Abdooli, CEO of Marjan, Said: “Ras Al Khaimah’s strength lies in its fully diversified economy, with its leadership focused on promoting trade, tourism, hospitality and manufacturing. Over the years, the UAE has continued to cement its reputation as an investment, hospitality and tourism hub, attracting High profile investment with world-class assets. Marjan continues to build high-end projects in the hospitality, leisure and sports sectors to support the emirate’s destination strategy. ADNH’s investment in the development of a luxury resort on Al Marjan Island reflects its confidence in the destination’s potential , and will facilitate additional investment.”
Sheikh Ahmed Aldhaheri, Vice Chairman and Managing Director, ADNHsaid: “This is an exciting opportunity to expand and position to other Emirates. We strongly believe that the UAE’s potential, economy and leadership are the main catalysts for this investment.”
Khalid Anib, Chief Executive Officer of ADNH, Say: “At ADNH, we believe our investment in Ras al Khaimah will generate strong returns for our shareholders and strengthen the UAE’s position as a leading tourism and hospitality destination. This luxury resort will complement our presence in Abu Dhabi and Dubai. existing portfolio.”
Al Marjan Island by Marjan has more than 3,000 hotel rooms, including Hampton by Hilton, Mövenpick Resort Al Marjan Island, Rixos Bab Al Bahr Hotel, DoubleTree by Hilton Resort & Spa Marjan Island and Marjan Island Resort and Spa. 7.8 kilometers of sandy beaches and 23 kilometers of oceanfront offer a unique lifestyle experience. It was developed under the visionary guidance of His Highness Sheikh Saud Bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah.
Media Inquiries:
William Niven
ASDA’A BCW | Tel: 04 4507 600
nivine.william@bcw-global.com
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