Wynn Resorts and Marjan to Develop Integrated Resort in Ras Al Khaimah | Financial Buzz

Wynn Resorts and Marjan to Develop Integrated Resort in Ras Al Khaimah

Wynn Resorts, Limited (NASDAQ: WYNN) and Marjan, RAK Hospitality Holding have announced a multi-billion-dollar resort development on Al Marjan Island in Ras al Khaimah, United Arab Emirates.  The highly sought out tourist destination, Al Marjan Island is only 15 minutes from the Ras Al Khaimah International Airport and 45 minutes from Dubai International Airport. Eng. Abdulla Al Abdooli, CEO of Marjan, said the new integrated resort highlights the fast-growing recognition of Ras Al Khaimah as a leading investment destination for high-quality hospitality projects. “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. 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.”

Craig Billings, newly appointed CEO of Wynn Resorts, said: “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.  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.”

This new resort is in the initial stages of design and development and will apply for an integrated resort licence from Ras Al Khaimah Tourism

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