Abu Dhabi National Hotels (ADNH), a hotels, catering, tours and transportation operator, has acquired a prime plot on Al Marjan Island to develop an AED 1 billion luxury resort, with 1,000 rooms spread over 1 million square feet overlooking the Arabian Gulf.
Commenting on the investment, Sheikh Ahmed Aldhaheri, vice chairman and MD of ADNH, said: “This is an exciting opportunity to expand and position into other Emirates. Our strong belief in the UAE’s potential, economy and leadership were the main catalysts of this investment.”
Abdulla Al Abdooli, CEO of Marjan, said: “Ras Al Khaimah’s strength is its fully diversified economy with the leadership focused on promoting trade, tourism, hospitality and manufacturing. Over the years, the emirate has strengthened its reputation as an investment, hospitality, and tourism hub, attracting high-profile investments and featuring world-class assets. Marjan continues to establish high-end projects in the hospitality, leisure and sports sectors to support the destination strategy of the emirate. The investment by ADNH to develop a luxury resort in Al Marjan Island reflects its confidence in the potential of the destination and will catalyze additional investments.”
The investment highlights the appeal of Al Marjan Island as one of the top tourist destinations in the UAE, with several global hotel operators already having made significant investments.