Ras Al Khaimah seeks Hong Kong and mainland Chinese investors for landmark casino

A trade delegation from the UAE's Ras Al Khaimah is in Hong Kong promoting its first integrated resort, featuring the country's inaugural casino operated under the brand of Hong Kong-listed Wynn Resorts. The group highlights Hong Kong's role as a key gateway to Asia and China. The project is scheduled to open in 2027.

A trade delegation from Ras Al Khaimah (RAK), one of the seven emirates of the United Arab Emirates (UAE), visited Hong Kong this week for a high-level, three-day mission aimed at raising the emirate's profile and attracting regional investment. The group met with local officials and business representatives to promote RAK's landmark resort development—the UAE's first casino project—to be operated under the brand of Hong Kong-listed Wynn Resorts.

"Hong Kong is a very good gateway from the Middle East into Asia and China," said Abdulla Al Abdouli, group CEO of Marjan, a leading master developer in RAK, in an interview with the Post on Tuesday. Abdouli noted that the development includes Wynn Al Marjan Island, a signature integrated resort scheduled to open in 2027. The project will showcase the emirate's distinctive attractions, from its 43km (26 miles) of pristine coastline to Jebel Jais, the UAE's highest peak at about 1,900 metres (6,233 ft).

"We would like to have a wider window and a broader range of companies to be part of that [investment in Ras Al Khaimah]," he said, adding that the delegation hoped the trip would increase the emirate's exposure and attract new investors. The initiative underscores RAK's potential as an investment destination, blending natural landscapes with emerging entertainment facilities.

Связанные статьи

South Korean Industry Minister Kim Jung-kwan shakes hands with UAE counterpart Sultan Al Jaber in Seoul, discussing AI and energy cooperation.
Изображение, созданное ИИ

South Korean industry minister discusses AI, energy ties with UAE

Сообщено ИИ Изображение, созданное ИИ

South Korean Industry Minister Kim Jung-kwan met with his United Arab Emirates counterpart Sultan Al Jaber in Seoul on Thursday to discuss expanding cooperation in artificial intelligence and energy sectors. The meeting follows up on the leaders' summit held in Abu Dhabi last November. Both sides agreed to South Korea's involvement in the UAE's Stargate project and to increase joint oil stockpiling for energy stability.

InvestHK director general Lau Hai-suen says Hong Kong should leverage its “safe haven for investment” status to attract foreign capital amid Middle East conflict, with firms using Dubai as a hub shifting to the city to diversify risk. The call comes as finance chief Paul Chan Mo-po continues a visit to Beijing.

Сообщено ИИ

Hong Kong's Development Bureau announced on Wednesday plans to launch a tender in the first half of 2027 for the first marina in nearly 40 years, revamping a 1.16-hectare seaside site near Po Chong Wan in Aberdeen. The project will offer about 200 berths and include a yacht clubhouse with 250 flats.

Macau recorded a record 1.55 million visitor arrivals over nine days of the 2026 Chinese New Year holiday, surpassing government forecasts. The surge, averaging nearly 172,700 visitors daily, was facilitated by key entry points including the Border Gate, Hong Kong-Zhuhai-Macau Bridge, and Hengqin checkpoint. This marked a significant increase from the previous year's 1.31 million arrivals, highlighting the city's appeal during the festive period.

Сообщено ИИ

Hong Kong's Financial Secretary Paul Chan Mo-po said on Sunday that the city's economy showed resilience in the first quarter of 2026 amid volatility in equity and oil markets caused by war in the Middle East. Investors continued moving assets to the city, drawn by mainland China's steady economic growth and a large number of initial public offerings in Hong Kong. He noted the geopolitical landscape was complex and fast-changing, with uncertainty from the United States-Israel attack on Iran clouding the stock market.

Vendors at the Hong Kong Brands and Products Expo anticipate up to a 20% sales increase from last year, thanks to larger crowds and favorable weather. The 59th edition of the event, organized by the Chinese Manufacturers’ Association of Hong Kong, opened at Victoria Park in Causeway Bay and runs for 24 days until January 5. Financial Secretary Paul Chan Mo-po was among the first visitors, browsing and purchasing various items.

Сообщено ИИ

On Tuesday, President Xi Jinping met separately in Beijing with Hong Kong Chief Executive John Lee and Macao Chief Executive Sam Hou Fai, hearing reports on the current situations in Hong Kong and Macao as well as their governments' work. Xi fully recognized the efforts of both SAR governments and stressed the need to resolutely implement the 'one country, two systems' principle while aligning with the national 15th Five-Year Plan to better integrate into and serve the country's overall development.

 

 

 

Этот сайт использует куки

Мы используем куки для анализа, чтобы улучшить наш сайт. Прочитайте нашу политику конфиденциальности для дополнительной информации.
Отклонить