Marjan and RAK Hospitality Merge to Drive Ras Al Khaimah’s Growth

RAS AL KHAIMAH - October 22, 2025: In a transformative step for Ras Al Khaimah’s real estate and tourism sectors, Marjan, the master developer of freehold properties in the emirate, and RAK Hospitality Holding (RAKHH), the government-owned investment and development arm, have announced a strategic merger to form a unified powerhouse under the Marjan brand.

This historic consolidation aligns with RAK Vision 2030, positioning Marjan as the emirate’s leading integrated real estate and hospitality group. The new entity will combine large-scale land development, world-class hospitality management, and lifestyle operations to accelerate Ras Al Khaimah’s emergence as a global lifestyle and investment hub.

Unified Growth Under RAK Vision 2030

The merger is designed to strengthen Ras Al Khaimah’s competitiveness, attract international investment, and deliver long-term value for residents and stakeholders. The new Marjan entity will focus on developing mixed-use destinations that enhance livability and sustainability, integrating essential infrastructure such as healthcare, education, and entertainment.

“Ras Al Khaimah is committed to its vision to drive progress and sustainable development, celebrating its rich history, preserving its heritage, and honouring its identity,” said Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Chairman of Marjan. “Anchored in Ras Al Khaimah’s vision for sustainable prosperity, the merger will create high-value jobs for Emiratis, develop national capabilities, and reinforce our position as a beacon of opportunity and innovation.”

He added, “Together, we are positioned to build thriving communities that bring the Emirate’s bold vision for sustainable prosperity to life.”

Master Plans and Iconic Developments

Under the unified structure, Marjan will spearhead key developments, including Al Marjan Island, RAK Central, Marjan Beach, and the Jebel Jais Masterplan. Each project is designed to elevate Ras Al Khaimah’s urban and tourism landscape through sustainable design, smart technology, and world-class infrastructure.

Following the success of Marjan Beach, the UAE’s most comprehensive mixed-use coastal destination, the emirate is advancing infrastructure works across the 85-million-square-foot masterplan. The development will feature 22,000 residential units, 12,000 luxury hotel keys, and 6.5 million sq. ft of green spaces, serving a projected population of 74,000 residents and welcoming 180,000 visitors annually.

Expanding Tourism and Lifestyle Offerings

Marjan aims to help Ras Al Khaimah achieve its goal of 3.5 million annual visitors, 60% of which are expected to be international. The company plans to attract leading global hotel brands and expand into active tourism, including the development of 100 km of hiking and biking trails across the emirate’s mountain ranges.

“Marjan will champion Ras Al Khaimah’s development and master planning into a smart, authentic, connected city of the future—a vibrant destination where people, businesses, and communities thrive,” said Abdulla Al Abdouli, Group CEO of Marjan.

Building a Future-Ready Entity

Supporting its growing hospitality ecosystem, Marjan will provide high-quality accommodation for over 15,000 hospitality professionals and operate state-of-the-art laundry and support facilities to meet sustainability standards.

This merger solidifies Marjan’s position as a future-ready organisation, equipped to propel Ras Al Khaimah into its next phase of global competitiveness, lifestyle innovation, and sustainable prosperity.