Ras Al Khaimah courts Chinese, Hong Kong investors in real estate, green and digital sectors

Ras Al Khaimah, one of seven cities in the United Arab Emirates, is stepping up efforts to lure Chinese and Hong Kong investors into its real estate, green and digital sectors as the UAE and China seek to deepen cooperation.

The fourth-largest of the seven Emirates, Ras Al Khaimah (RAK), aims to attract over 3.5 million tourists each year by 2030, up from 1.3 million in 2024. US and Hong Kong-listed integrated casino and hotel operator Wynn Resorts is set to open a casino there, the first in the UAE, in the first quarter of 2027.

Abdulla Al Abdouli, CEO of Marjan and behind major developments including the Al Marjan Island resort, told Reuters mainland Chinese and Hong Kong investors were interested in opportunities in real estate, hotels and residential complexes.

There were also opportunities for family offices, he added.