Ras Al Khaimah government buys Banyan Tree resort

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Ras Al Khaimah government buys Banyan Tree resortThe 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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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...

Ras Al Khaimah government buys Banyan Tree resortThe 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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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