Rakia continues infrastructure works on Al Marjan Island in full swing
- United Arab Emirates: Thursday, February 25 - 2010 at 13:00
- PRESS RELEASE
Ras Al Khaimah Investment Authority (Rakia), a major provider of investment opportunities and one-stop solutions in its Free Zones, Industrial Parks and Offshore facilities as well as in Real Estate developments and other ventures, has announced that the infrastructure work on Al Marjan Island, the first man-made island in Ras Al Khaimah, is progressing at a good pace.
Dr. Fawzi Shadid, Project Director, Rakeen - the appointed Project Management for Al Marjan Island - stated: "We have finalised approx. 80% of infrastructure services such as Potable Water System, Storm Water System, Irrigation System, Risingmain System and Vacuum System. By the time the first developers on the island complete their projects, all the infrastructure facilities will be available for a hook-up with their developments."
Dr. Khater Massaad, CEO, Rakia, added: "Al Marjan Island is a unique investment opportunity that offers everything an investor can wish for: An excellent location alongside kilometres of beautiful white sandy beaches and in 5 minutes driving distance to the major industries of Rakia's Free Zone, surrounded by 5- and 7-star hotels of international standard, an 18-hole golf course and the completed Al Hamra Village with all its greeneries and amenities, including Al Hamra Mall with comprehensive retail & dining facilities and general services.
Developers on Al Marjan Island will enjoy 100% free hold ownership and construction regulations with a maximum of flexibility and service. Be it a commercial, residential or mixed-use property, a hotel, an office tower, a mall or a private villa - all feasible projects are welcome on Al Marjan Island, as long as they will blend in the community we want to bring together.
Al Marjan Island was created with a vision to redefine the lifestyle in the beautiful and vibrant emirate of Ras Al Khaimah, where the luxury of living on an island is affordable and within reach. This iconic landmark will provide a work-life-balance unrivalled in the UAE that will combine peaceful island living with all facilities within a self-contained community and abundant employment opportunities only minutes of driving away. Al Marjan Island will truly be a piece of paradise, and we welcome anybody who is interested in becoming a part of it."
Article Options
Notes and Media Contacts »
The Ras Al Khaimah Investment Authority (Rakia) was established in 2005 by Emiri Decree, legislated by H.H. Sheikh Saqr Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. Rakia's core mission is to promote trade, investment, growth and economic development in Ras Al Khaimah through Free Zones, Industrial Parks and Offshore facilities complete with all infrastructure at competitive prices. Operating as a one-stop shop, Rakia offers investors full ownership of their businesses plus tax & duty exemptions and forms the ideal gateway for business investments in the Middle East.
The Real Estate Division of Rakia owns landmark developments like Al Marjan Island, the first man-made island in Ras Al Khaimah, and Gateway City. Rakia established its own regulatory body with Rakia-RERA.
Further ventures of Rakia include Power, Transportation and Education as well as General Support.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions


Posted by Husam Odiabat



