Ras Al Khaimah eyes Chinese and Hong Kong investors as UAE-China ties deepen
The emirate aims to more than double tourist arrivals by 2030 and is pitching opportunities in property, green and digital projects.
Ras Al Khaimah, one of seven city-states in the United Arab Emirates, is stepping up efforts to lure Chinese and Hong Kong investors into its real estate, green and digital sectors as the UAE and China seek to deepen cooperation.
The fourth largest of the seven Emirates, Ras Al Khaimah (RAK) aims to attract over 3.5 million tourists each year by 2030, up from 1.3 million in 2024. US and Hong Kong-listed integrated casino and hotel operator, Wynn Resorts, is set to open a casino there, the first in the UAE, in the first quarter of 2027.
Abdulla Al Abdouli, CEO of Marjan and behind major developments including the Al Marjan Island resort, told Reuters mainland Chinese and Hong Kong investors were interested in opportunities in real estate, hotels and residential complexes.
There were also opportunities for family offices, he added.
“I see other ancillary projects like healthcare, education, entertainment, museum ... That’s where I see the potential for family offices to invest and to tap into it,” Al Abdouli, part of a delegation to Hong Kong, said in an interview.
He said major Chinese construction companies including China State Construction Engineering and China Railway were taking part in developments on Al Marjan Island, which aimed to deliver 8,000 hotel rooms, 12,000 residential units and 600 holiday villas in the coming years.