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Saturday, November 28 - 2009

RAK Properties to showcase Mina Al Arab at ATM 2008

  • United Arab Emirates: Monday, May 05 - 2008 at 12:50
  • PRESS RELEASE

RAK Properties PJSC, the most prominent property developer in Ras Al Khaimah, will showcase its Mina Al Arab, a mixed use development with unique leisure, tourism and hospitality components, at the Arabian Travel Market (ATM) running at the Dubai International Conventions & Exhibitions Centre from May 6 to 9, 2008.

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  • RAK Properties' stand at ATM.
    RAK Properties' stand at ATM.
Arabian Travel Market 2008 will bring together exhibitors from over 100 countries, all of them holding some form of stake in the leisure, tourism or hospitality industry world over. The exhibition is also an excellent opportunity for participants to present their offerings to a global audience and to connect with regional as well as international investors.

The RAK Properties stand no.TD410 at ATM 2008 will be equipped to provide all information on Mina Al Arab, with senior officials present to address queries.

"International focus is already on Ras Al Khaimah with the emirate combining its strengths and business friendly environment to offer a promising tourism and investment destination. Under the clear vision and leadership of His Highness Sheikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, the emirate is on course to achieving its investment and arrival targets,"


said Mohammed Sultan Al Qadi, Managing Director & CEO of RAK Properties.

"Since its launch in May 2006, Mina Al Arab has played a significant role in fuelling Ras Al Khaimah's growth. Visitors to this year's Arabian Travel Market will get a clear understanding of the opportunities offered by Mina Al Arab to developers, investors, entrepreneurs and buyers in the leisure, tourism, and hospitality sectors."

ATM 2008 is the third travel, tourism and hospitality exhibition of a global scale in which RAK Properties would be featuring its flagship project this year. The company showcased Mina Al Arab at ITB Berlin in March and at 'A Place in the Sun Live' in London in April.

A landmark initiative reflecting the RAK Properties motto of 'living close to nature', Mina Al Arab will be spread over 30 million square feet, with waterways, wetlands, and beaches constituting the major share of the development. With nine hotels and two eco-hotels the project will provide an estimated 3,500 sumptuous rooms for tourists and visitors to the emirate, in addition to bora bora hotel units and standard apartments tailored for regional & international visitors.

The project has already attracted major international hotel chains signing up to manage some hotels and resorts properties in the project.

The project will also offer residential villas & apartments, shopping district, a spacious oasis walk and all amenities that create a refined vacation experience in a resort ambience. The amenities include parks, clinics, mosque, cafes & restaurants, and recreational facilities such as gym, spas and sporting arenas.
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Notes and media contacts

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company that operates in a sector that is enjoying an economic boom. It is established to implement the emirate's plans to promote real estate, tourism and leisure facilities in RAK and invest in interesting projects. It is intended that its activities will encourage economic growth in the UAE in general and Ras Al Khaimah in particular. In February 2006, the company launched its first project, Julfar Towers, a 43-storey twin office and residential project at a cost of 500m. This was followed by the launch of the Dhs10 billion Mina Al Arab, spread over 30 million sq. feet, in May 2006. RAK Properties launched its Dhs300m RAK Towers in Abu Dhabi, in October 2007.

For further information, please contact:

Nizar Saab
ASDA'A Public Relations Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
Dubai,UAE Tel: +971-4-3344550, Fax: +971-4-3344556

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