Marjan and RAK Hospitality Holding Announce Landmark Merger
Marjan and RAK Hospitality Holding (RAKHH) have announced a landmark merger that marks the start of a new chapter for Ras Al Khaimah, strengthening its position as a leading destination for lifestyle, tourism and global investment.
The merger brings together Marjan’s visionary approach to real estate development with RAK Hospitality Holding’s long-standing expertise in tourism and operations. Together they will create a unified organisation under the Marjan name, combining resources and experience to drive Ras Al Khaimah’s growth as one of the region’s most dynamic and sustainable places to live and work.
Marjan is the investment, hospitality and lifestyle company shaping Ras Al Khaimah’s transformation through visionary master planning, world-class hospitality and vibrant community living. Behind landmark projects such as Al Marjan Island, Marjan Beach, RAK Central and the upcoming Wynn Al Marjan Island, Marjan is redefining destination development in the region, creating places where people can live, visit and invest in a sustainable and inspiring environment.
This partnership builds on decades of progress and shared ambition, aligning closely with RAK Vision 2030, the Emirate’s blueprint for future growth. The new entity will integrate real estate, hospitality and lifestyle experiences to deliver thriving communities that reflect the spirit of Ras Al Khaimah, while creating long-term opportunities for residents, visitors and investors.
His Highness Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Chairman of Marjan, said:
“This merger builds upon solid foundations for a new chapter of advancement and success, enabling us to deliver iconic destinations that are deeply rooted in Ras Al Khaimah’s unique identity. Together, we will create high-value jobs for Emiratis, develop national capabilities, and reinforce our position as a beacon of opportunity and innovation.”
Marjan will now fully integrate real estate development, hospitality operations and lifestyle experiences within a single organisation. Guided by RAK Vision 2030, it will lead the next phase of growth by driving investment, expanding tourism and delivering long-term stakeholder value. The merger also positions Marjan as one of the largest real estate developers in the UAE and the leading master developer in the Northern Emirates.
His Highness continued:
“Marjan will spearhead Ras Al Khaimah’s transformation through the development of ambitious new master plans and the optimisation of destination development. Using data, design and technology, we will launch mixed-use developments that are seamlessly integrated with essential lifestyle infrastructure such as healthcare, education and recreation. Projects including Al Marjan Island, RAK Central, Marjan Beach and the upcoming Jebel Jais masterplan will enrich life for residents, elevate travel experiences for visitors and attract new investment opportunities.”
Abdulla Al Abdouli, Group CEO, added:
“Marjan will lead Ras Al Khaimah’s evolution into a smart, connected and people-focused city, while strengthening its identity as a vibrant place for business and community life. We will position the Emirate as a leading global hub for lifestyle and investment.”
Following the successful launch of Marjan Beach, the UAE’s most comprehensive mixed-use coastal destination, the Emirate is now advancing infrastructure works on the 85-million-square-foot masterplan. Designed around eight distinctive neighbourhoods, Marjan Beach will include 22,000 residential units and 12,000 luxury hotel keys, supporting a population of 74,000 residents and 32,000 workers, and welcoming up to 180,000 visitors each year. Stretching across three kilometres of pristine beachfront, the development also incorporates 6.5 million square feet of green space to promote community wellbeing and connectivity. Marjan Beach represents a new model for coastal living, combining sustainability with a strong sense of place.
Aligned with RAK Vision 2030’s goal of welcoming 3.5 million visitors annually, with international guests accounting for 60 percent of arrivals, Marjan will continue to expand the Emirate’s hospitality portfolio. It will bring world-renowned hotel brands to Ras Al Khaimah, including some of the most prestigious names in luxury hospitality.
The development will also extend beyond the coast. In the mountains, Marjan plans to create 100 kilometres of hiking and biking trails over the next five years, reshaping active tourism in the region and celebrating Ras Al Khaimah’s dramatic natural landscapes. The Emirate is also preparing to host large-scale cultural and entertainment festivals that are expected to attract more than 20,000 visitors each year.
Supporting Ras Al Khaimah’s hospitality ecosystem, Marjan will provide accommodation for more than 15,000 hospitality professionals, offering exceptional living standards to attract and retain the best talent. The company will also operate state-of-the-art laundry facilities capable of processing over 100,000 tonnes annually, using the lowest energy consumption possible to uphold its sustainability commitments.
This merger marks the creation of a strong, future-ready organisation capable of driving the next phase of Ras Al Khaimah’s growth. It will support expansion into new markets, encourage the creation of distinctive lifestyle destinations and attract world-class talent and investment.