Wynn Resorts settles in Ras Al Khaimah, the fourth largest emirate in the UAE; local business community expects a significant increase in companies and tourists
Ras Al Khaimah in the UAE introduces a $5 billion Wynn Resorts project, which is expected to significantly increase the number of international travelers and businesses. The local GDP is $12 billion, with tourism and manufacturing accounting for 27% and 5%, respectively. The goal is to attract 3.5 million travelers by 2030, requiring an increase of 22,000 hotel rooms. Ras Al Khaimah's free trade zone attracts businesses from the Middle East and Asia, with relatively low housing prices attracting foreign capital and investors. An estimated 45,000 housing units need to be built to meet demand
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