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Rakia and Rakeen Development to promote Ras Al Khaimah

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  • Rakia and Rakeen Development to promote Ras Al Khaimah

    AME Info

    Rakia and Rakeen Development to promote Ras Al Khaimah as a
    world-class investment and tourist destination during Cityscape 2009

    United Arab Emirates: Saturday, October 03 - 2009 at 13:38

    PRESS RELEASE

    Ras Al Khaimah Investment Authority (Rakia), Al Hamra Real Estate and
    Rakeen will leverage the growing global interest in Ras Al Khaimah as
    a leading business investment and tourism destination during their
    participation at Cityscape Dubai 2009.

    The three entities will collectively showcase a selection of
    world-class residential and mixed-use developments, attractive
    free-zone packages, onshore and offshore business solutions and a
    rapidly growing global portfolio of real estate projects in what is
    projected to be one of the most exciting showcase presentations during
    the trade event.

    Among the key developments that will headline the exhibition are Al
    Marjan Island, the first man-made island in Ras Al Khaimah; the Bab Al
    Bahr mixed-use development, Gateway City, Al Hamra Village mixed-use
    development, Rakia Amenities Centre, and various business
    opportunities within Rakia's free zone. For Cityscape Dubai, Rakia, Al
    Hamra Real Estate and Rakeen have jointly booked 400 square metres of
    exhibition space at Stand No. 5B10 at the entrance to Hall 5 of Dubai
    International Convention and Exhibition Centre, where the event runs
    from October 5-8, 2009.

    Dr. Khater Massaad, CEO of Rakia, said:

    "We have developed a distinct and extensive exhibition area that will
    help visitors better appreciate the transformation of Ras Al Khaimah
    as a haven for sustainable development and an attractive lifestyle,
    tourism and business destination. Our participation at Cityscape is
    also part of our efforts to showcase the pristine natural beauty of
    Ras Al Khaimah, where residents can enjoy the emirate's white sandy
    beaches, red desert dunes and majestic Hajjar mountains, while being
    in proximity to the comforts of state-of-the-art residential and
    commercial amenities."

    "All our developments are located within a radius of
    reating greater accessibility and flexibility to attend to various
    business, leisure and private activities," added Dr. Massaad.

    During Cityscape, Dr. Massaad will also speak on behalf of Rakia, Al
    Hamra Real Estate and Rakeen at a Cityscape Connect Seminar titled
    'Ras Al Khaimah: Emerging Emirate On The Move'. Representatives of RAK
    Tourism and RAK Properties will also join Dr. Massaad during the
    open-to-all seminar, which will be held on October 07, 2009 from 12:30
    to 13:30 hours.

    The combined showcase will also provide various presentations of the
    construction progress of real estate developments being undertaken by
    Rakia and Rakeen, while the fully completed facilities within Al Hamra
    Village will be prominently displayed to highlight the new project's
    reputation as one of the most complete developments in the UAE. A
    value-added feature is a unique showcase of groundbreaking mixed-use
    developments and authentic project models that are being undertaken by
    Rakeen in Lebanon, Congo (DRC), Georgia, Iran, Kyrgyzstan, Armenia and
    other international destinations.

    "We hope that Cityscape Dubai will help set off a new growth trend in
    the region, marking the beginning of a revival of the real estate
    sector. Our solid track record of being honest, transparent and
    reliable developers, substantiated by a visionary strategy and strong
    funding, has helped maintain our firm position within the industry
    through the past difficult months. We are determined to deliver on our
    promises and to keep proving that we deserve the trust of our esteemed
    investors and business partners. Ras Al Khaimah is ready for new
    challenges and will continue to script new success stories, especially
    now that the America's Cup is just around the corner," concluded
    Dr. Massaad.

    Ras Al Khaimah recently announced that it will host the prestigious
    33rd America's Cup, which will be held in Al Hamra Village in February
    2010. A 22-hectare island within Al Hamra Village lagoon will serve as
    the base for the sailing event. The island will accommodate the
    edia, the sponsors and the viewing public.
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