The government-owned investment and development arm of the emirate, RAK Hospitality Holding (RAKHH), and Marjan, the master developer of freehold properties in Ras Al Khaimah, have announced a historic strategic merger to form a single organization under Marjan’s leadership.
This strategic alliance creates a vibrant, forward-thinking company by fusing cutting-edge land development techniques with top-tier hospitality experience. Marjan will now thoroughly combine lifestyle experiences, hospitality operations, and real estate development under one roof.
One of the biggest real estate developers in the United Arab Emirates and the top master developer in the Northern Emirates, Marjan, will support Ras Al Khaimah’s development as the next major international center for investment and lifestyle under the direction of RAK Vision 2030.
“Ras Al Khaimah is dedicated to its vision to drive progress and sustainable development, celebrating its rich history, preserving its heritage, and honouring its identity stated Sheikh Ahmed Bin Saud Bin Saqr Al Qasimi, Chairman of Marjan, in announcing the merger. The goal of the RAK Vision 2030 is for the emirate to lead the area in livability and to be a hub for opportunity.
The merger, which is rooted in Ras Al Khaimah’s vision for sustainable prosperity, will strengthen our position as a beacon of opportunity and innovation, develop national capabilities, and create high-value jobs for Emiratis,” he continued. This merger lays the groundwork for a new era of progress and achievement.
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