Abu Dhabi Nationwide Motels (ADNH), a listed agency at Abu Dhabi Stock Market working Motels, Catering, Excursions and Transportation, has acquired a first-rate plot on Al Marjan Island to develop a AED 1 Billion luxurious Resort with 1,000 rooms, unfold over 1 million sq. ft overlooking the Arabian Gulf.
The funding highlights the attraction of Al Marjan Island as one in all many excessive vacationer areas throughout the UAE with a variety of worldwide lodge operators already having made vital investments.
Arch. Abdulla Al Abdooli, CEO of Marjan, said: “Ras Al Khaimah’s energy is its completely diversified financial system with the administration focused on promoting commerce, tourism, hospitality, and manufacturing. Via the years, the Emirate has strengthened its standing as an funding, hospitality, and tourism hub, attracting high-profile investments and that features world-class property. Marjan continues to find out high-end duties throughout the hospitality, leisure and sports activities actions sectors to help the holiday spot strategy of the Emirate. The funding by ADNH to develop an expensive resort in Al Marjan Island shows its confidence throughout the potential of the holiday spot and might catalyse additional investments.”
Sheikh Ahmed Aldhaheri, Vice-Chairman and Managing Director of ADNH, said: “That’s an thrilling different to extend and place into totally different Emirates. Our sturdy take into account throughout the potential, financial system and administration of the UAE have been the first catalyst of this funding.”
Khalid Anib, CEO of ADNH, said: “At ADNH, we’re assured that our funding in Ras al Khaimah will create sturdy returns to our shareholders and enhance UAE as a primary journey and hospitality trip spot. This luxury Resort will complement our present portfolio all through Abu Dhabi and Dubai.”
Al Marjan Island by Marjan has better than 3,000 lodge rooms, along with Hampton by Hilton Marjan Island, Mövenpick Resort Al Marjan Island, Rixos Bab Al Bahr Resort, DoubleTree by Hilton Resort & Spa Marjan Island and Marjan Island Resort and Spa and is a trip spot which presents distinctive lifestyle experiences with sandy seashores stretching over 7.8 km and a 23 km waterfront. It’s developed beneath the visionary guidance of His Highness Sheikh Saud Bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah.