A trade delegation from Ras Al Khaimah (RAK), one of the seven emirates of the United Arab Emirates (UAE), is seeking Hong Kong and mainland Chinese investors for its first integrated resort, describing the city as a key gateway to Asia and China.
The high-level, three-day mission in Hong Kong this week aimed to raise RAK’s profile and attract regional investment.
During the visit, the delegation met local officials and business representatives to promote the emirate and its landmark resort development – the UAE’s first casino project – to be operated under the brand of Hong Kong-listed Wynn Resorts.
“Hong Kong is a very good gateway from the Middle East into Asia and China,” said Abdulla Al Abdouli, group CEO of Marjan, a leading master developer in RAK, in an interview with the Post on Tuesday.
Abdouli said the development included Wynn Al Marjan Island, a signature integrated resort scheduled to open in 2027. The project will showcase the emirate’s distinctive attractions, from its 43km (26 miles) of pristine coastline to Jebel Jais, the UAE’s highest peak at about 1,900 metres (6,233 ft).
“We would like to have a wider window and a broader range of companies to be part of that [investment in Ras Al Khaimah],” he said, adding that the delegation hoped the trip would increase the emirate’s exposure and attract new investors.