Ras Al Khaimah’s Al Marjan Island is set to shed light on the emirate’s investment opportunities at this year’s MIPIM, the world’s leading property market at Palais des Festivals in Cannes, which will take place from March 13-16.
Al Marjan Island will highlight the competitive advantages offered by Ras Al Khaimah, which recorded a growth of 4.5 per cent in GDP in 2016, higher than the national rate.
Also taking the spotlight at MIPIM will be the government’s commitment to developing the emirate as a business and tourism hub in the region, granting visitors to the event insight on the diverse strengths of Ras Al Khaimah and Al Marjan Island itself.
CEO, Al Marjan Island, Eng. Abdullah Al Abdooli stated: “The vision of Supreme Council Member and Ruler of Ras Al Khaimah, HH Sheikh Saud Bin Saqr Al Qasimi for the Emirate will cement its reputation as a global hub for property and hospitality investments that assure strong returns. Al Marjan Island is a central component of the growth strategy of the emirate.”
He continued: “With a focus on tourism and real estate investments, Al Marjan Island is offering investors an unmatched opportunity to be part of the fastest growing tourist destination in the region, which recorded 19 per cent increase in visitor arrivals in 2017. We see significant demand from investors across the world, complementing the global interest in the emirate as a destination for tourism and investment.
“At MIPIM, we look forward to interacting with international investors, especially from Europe, and to present to them the value proposition of Ras Al Khaimah as well as Al Marjan Island,” Al Abdooli concluded.
Established in 1990, MIPIM gathers the most influential international property developers and is expected to host over 24,200 participants from 100 countries.
Al Marjan Island is the coveted investment destination offering international investors the option of purchasing land plots with development rights. The infrastructure is already developed under a plug-and-play model. Most of the plots are designated for residential units, boutique hotels, resort hotels, community facilities and retail.