RAK Central: Paving the Way for Ras Al Khaimah’s Ambitious Economic Vision
In a momentous stride toward economic development and urban transformation, Marjan, the master developer of freehold projects in Ras Al Khaimah (RAK), has announced the successful completion of essential infrastructure works at RAK Central. This landmark project is poised to redefine the landscape of the emirate, creating a mixed-use commercial destination that encapsulates the dynamic ethos of a ‘Work-Live-Play’ environment, as envisioned in RAK Vision 2030.
RAK Central occupies a sprawling 3.1 million square feet of prime real estate, with an impressive gross floor area of 8.37 million square feet. The project stands as a testament to Marjan’s commitment to developing infrastructure that meets the needs of investors and residents alike. Key infrastructure components—ranging from stormwater management and sewerage systems to firefighting facilities and irrigation networks—have been meticulously completed, laying a robust foundation for the future of this ambitious development. Moreover, utilities such as potable water systems, electrical lines, and street lighting have been thoroughly established, creating a safe and functional urban environment.
The scope of work extends beyond mere utilities; supporting infrastructures such as road networks, dedicated cycle lanes, landscaped areas, and green spaces featuring abundant tree planting have also been implemented. This holistic approach to urban planning emphasizes sustainability and environmental consciousness, contributing to the emirate’s broader goals for a livable and eco-friendly community.
With these essential elements now in place, sub-developers are poised to commence the launch of various projects that span the commercial, residential, retail, and hospitality sectors. The anticipated completion of the RAK Central HQ Office Complex, as overseen by the newly appointed main contractor, ALEC, is set for the first quarter of 2027. This strategic partnership signals Marjan’s commitment to quality and excellence, attracting the talent and resources necessary to realize RAK Central’s potential as a premier business district.
Abdulla Al Abdouli, Chief Executive Officer of Marjan, expressed enthusiasm regarding the completion of the infrastructure works and the engagement of world-class contractors. “The completion of infrastructure and the engagement of world-class contractors signal a new phase of activation for RAK Central. The participation of leading developers strengthens our vision to build a world-class hub that unites business, lifestyle, and tourism, further positioning Ras Al Khaimah as a preferred destination for international investors and families,” Al Abdouli remarked. His comments underscore the concerted effort to blend commercial activity with lifestyle amenities, catering to an increasingly global audience.
RAK Central is strategically developed with a focus on attracting international investment. It offers the alluring proposition of 100% foreign ownership, alongside a competitive taxation regime, positioning it as a highly favorable environment for expats and businesses alike. The favorable economic landscape is reinforced by the region’s high return potential, combined with its proximity to key transportation corridors and neighboring markets. This ideal location enhances its appeal as a central business district, bolstering RAK’s reputation as a burgeoning hub for economic activity.
As Marjan embarks on this exciting chapter, RAK Central stands at the forefront of Ras Al Khaimah’s vision to become a key player in the regional economy, bridging commerce and lifestyle with its state-of-the-art facilities and innovative urban planning. The comprehensive integration of commercial and residential spaces, coupled with bespoke hospitality offerings, signals not only a transformation of the local economy but also a revitalization of the social fabric.
In conclusion, RAK Central represents more than just a construction project; it embodies the dreams and aspirations of Ras Al Khaimah to emerge as a dynamic and competitive global business center. With forward-thinking infrastructure and strategic partnerships guiding its development, RAK Central is on track to become one of the most attractive investment zones in the United Arab Emirates. As the project progresses toward its ambitious timeline, it stands as a beacon of growth and opportunity for the emirate, attracting domestic and international stakeholders eager to partake in its unfolding narrative.
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