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THE battle to win the hearts, minds and wallets of the business community in the region continued with the launch of a new UAE off-shore development.
The new “city” will consist of 12 cutting-edge designed towers and aims to facilitate the emirate’s growth by acting as a regional financial centre in competition to Bahrain Financial Harbour.
‘Rakeen’, the leading developer in Ras Al Khaimah, under the patronage of His Highness Shaikh Saud Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, announced that it is to develop an iconic financial city in the emirate.
The development, which will be named Ras Al Khaimah Financial City is the hub of the RAK Offshore project currently under development by the RAK Investment Authority.
The development aims to be an example of best practice and cutting edge architecture in the United Arab Emirates, with the appointment of Hey Detina, the renowned, forward thinking New York architect.
“The development will be a landmark on the coastline of the Arabian Gulf and its design is something rakeen is very proud of.
“However, it is also crucial that Ras Al Khaimah has a centre of financial strength that will further instigate the growth of the emirate and we are adamant that is what RAK Financial City will do,” said Dr Khater Massaad, executive chairman of Rakeen.
Ras Al Khaimah Financial City has been designed to provide a “masterpiece with genuine modern-day offerings that ensure leading and efficient business activities”.
In tandem with the facilities and latest amenities, it aims to become a “vibrant and dynamic urban space” complimented by nature allowing the centre to also act as a major tourist attraction, added Dr Massaad.
