Overview
- The merger creates a single company operating under the Marjan name, unifying the emirate’s development platform.
- Marjan says the new structure will advance Al Marjan Island, RAK Central, Marjan Beach and an upcoming Jebel Jais masterplan.
- Company-cited Vision 2030 goals include attracting 3.5 million annual visitors and reaching nearly 20,000 hotel keys.
- Marjan reports infrastructure works are progressing at the 85-million-square-foot Marjan Beach plan, outlined for 22,000 homes, 12,000 luxury hotel keys, 74,000 residents and up to 180,000 annual visitors.
- Executives project more than 50,000 jobs over seven years and suggest the portfolio could contribute up to 30% of Ras Al Khaimah’s GDP by 2030.