Ras Al Khaimah government buys Banyan Tree resort

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The government of Ras Al Khaimah, an Emirate in the UAE, has set itself a goal of increasing their tourism base by fourfold by 2021.  It hopes that tourism will account for 20% of it’s annual GDP, and has set out to meet this goal by securing luxury hotel resort Banyan Tree Al Wadi from its developers.  RAK aims to attract tourists by marketing itself as a lower cost alternative to visiting Dubai.

Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, says that their goal is to “create an impact as a strategic player and increase our portfolio with a goal to attract world-class hotel corporations and investors to the emirate.”  Currently, GDP for RAK accounts for only 1.5% of the overall GDP of the Emirates.

 

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Reading Time: 1 minute

The government of Ras Al Khaimah, an Emirate in the UAE, has set itself a goal of increasing their tourism base by fourfold by 2021.  It hopes that tourism will account for 20% of it’s annual GDP, and has set out to meet this goal by securing luxury hotel resort Banyan Tree Al Wadi from its developers.  RAK aims to attract tourists by marketing itself as a lower cost alternative to visiting Dubai.

Reading Time: 1 minute

The government of Ras Al Khaimah, an Emirate in the UAE, has set itself a goal of increasing their tourism base by fourfold by 2021.  It hopes that tourism will account for 20% of it’s annual GDP, and has set out to meet this goal by securing luxury hotel resort Banyan Tree Al Wadi from its developers.  RAK aims to attract tourists by marketing itself as a lower cost alternative to visiting Dubai.

Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, says that their goal is to “create an impact as a strategic player and increase our portfolio with a goal to attract world-class hotel corporations and investors to the emirate.”  Currently, GDP for RAK accounts for only 1.5% of the overall GDP of the Emirates.

 

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