Marjan and RAK Hospitality merge to redefine Ras Al Khaimah’s global future
New chapter set to create high-value jobs and sustainable prosperity
RAS AL KHAIMAH – In a landmark move set to reshape Ras Al Khaimah’s future, Marjan, the master developer of freehold properties, and RAK Hospitality Holding, the government-owned investment and development arm, have announced a strategic merger to form a unified powerhouse under Marjan.
The alliance brings together expertise in hospitality, investment, and master planning to drive the Emirate’s transformation into a global hub for lifestyle and investment.
The newly formed entity will combine world-class hospitality operations with visionary real estate development, creating a future-ready organisation that integrates property development, leisure experiences, and investment strategies. Marjan is now positioned as one of the UAE’s largest real estate developers and the leading master developer in the Northern Emirates.
Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Chairman of Marjan, said: “RAK Vision 2030 has set the Emirate’s ambition to be a pioneer in the region for livability and a place where opportunities thrive. Anchored in this vision, the merger will create high-value jobs for Emiratis, develop national capabilities, and reinforce our position as a beacon of opportunity and innovation.”
Expanding developments
Future developments including Al Marjan Island, RAK Central, Marjan Beach, and the Jebel Jais masterplan aim to elevate quality of life, enhance tourism, and attract diversified investments. The merger aligns with RAK Vision 2030’s goals of welcoming 3.5 million annual visitors and reaching nearly 20,000 hotel keys.
Driving global growth
Group CEO Abdulla Al Abdouli said: “Marjan will position Ras Al Khaimah as the global lifestyle and investment hub of the future.”
With this merger, Marjan is set to propel the Emirate into a new era of sustainable prosperity, attracting global talent and investors while reinforcing its place as one of the UAE’s most dynamic and liveable destinations.