Ras Al Khaimah aims for 12,700 hotel rooms in 5 years

File photo [For illustration]

Ras Al Khaimah aims to add 4,617 hotel rooms in the next five years as part of its ambitious expansion plans for the hospitality sector.

The emirate's Tourism Development Authority (RAKTDA) said in five years' time the total number of hotel rooms could exceed 12,700 across more than 50 hotels and resorts.

It also plans to diversify its hospitality offerings by setting up unique projects on Jebel Jais, Marjan Island and in newer locations.

In an interview with the Emirates News Agency (WAM), Raki Phillips, CEO of RAKTDA, highlighted their commitment to support the emirate’s hotels in implementing the country’s Emiratisation programme and attracting citizens to work in tourism and hospitality.

Ras Al Khaimah welcomed over a million visitors in 2019, and is expected to exceed those pre-pandemic levels this year.

More from Business

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

  • Wall Street futures sink as tariffs fuel recession fears

    US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.

News