Al Marjan Island to host Dh1 billion mixed-use project

Mohammad Oman Bin Haider Holding Group has announced a mega project on Al Marjan Island (AMI), spread across 1.4 million sq ft, featuring a five-star luxury hotel, luxurious apartments, commercial buildings and retail area, valued at Dh1 billion.

"The project signifies another shot in the arm to the property and hospitality sectors in Ras Al Khaimah and the UAE, through the addition of more hotel rooms, residential apartments, retail shops. It also reflects the diverse investment opportunities offered by AMI and Ras Al Khaimah, which has emerged as a high-potential market for property and hospitality in the UAE and the Middle East," said Abdullah Al Abdooli, managing director of Al Marjan Island.

"The launch of this mega project on the first day of Cityscape Global will help consolidate the positioning of AMI on the international real estate and tourism map among major real estate and hospitality companies globally," added Al Abdooli.

"Our decision to develop this project reflects our confidence in the potential of AMI as a premier investment and tourism destination in the UAE and the Middle East. We are positive this project will represent a great value-addition to the property and retail scene in Ras Al Khaimah," said Hakam Khalil, CEO, Mohammad Oman Bin Haider Holding Group.

"We will work on executing this huge project over the coming months as part of our strategic plan to treble the number of our hotel rooms and residential units by 2020," Khalil added.


Khaleej Times