Ras Al Khaimah lures billionaires, tourists

Ras Al Khaimah lures billionaires, tourists

THE tiny emirate of Ras Al Khaimah (RAK) is silently transforming itself as the next haven for billionaires.

The tiny emirate welcomed 2023 with a bang after it made it to the news for being the most favorable destination wedding venue.

Luxury villas dot the Persian Gulf Coast while a Las Vegas-based Wynn Resorts Limited is planning a project a few miles away.

The international gambling company says it is intended to be a $3.9 billion gaming resort.

The UAE’s northern territory is best known for its mountain peaks and ceramics company but is now pitching itself as a haven for high-net-worth individuals.

RAK’s success is attributed to its ambitious foreign direct investment strategy that’s luring five-star hotels, industrialists, and adventure-seeking tourists.

Follow SMNI NEWS on Instagram