La Hoya Bay Business Village is the 2nd phase of the project, offering Freehold office spaces with Freezone Licenses. Launched in March this year the construction is underway and the project is due for completion by December 2008.

Dutch Foundation LLC has been commissioned for piling of the new development, which will include retail & commercial offices in 500,000-square feet of usable area.

21 October 2007
Ras Al Khaimah Investment Authority (RAKIA) is expecting to channel inward investments worth $15bn across various sectors into the fast growing emirate in the next five years. This was announced at an investment conference organised by RAKIA for a high profile Belgian business delegation. The conference organised to boost Belgian investment to the emirate was attended by a high profile business delegation headed by former Belgian Prime Minister, Jean-Luc Dehaene, Belgian Ambassador to the UAE, Philippe Dartois, Belgian Trade Commissioner in Dubai, Joannes Bruffaerts, along with business leaders from various Belgian Chambers of Commerce.

Reflecting the fast-paced economic transformation of the emirate, RAKIA has already attracted over 800 companies, including a host of Fortune 500 companies, entailing an investment of $2bn within a short span of 24 months.

RAK signs construction contract for new AED 300 million Hilton Beach Hotel

02 June 2007
The new Hilton Beach Hotel is part of the ambitious expansion plans of the Hilton Ras Al Khaimah Resort and Spa, set on a one-kilometer stretch of white sandy beach with exquisite sea and mountain views.

"The project would set new benchmarks in terms of design, quality and luxury and would turn out to be a remarkable resort with a one-kilometer long private beach front, which is very unique in UAE", Sheikh Faisal added.

The five-star hotel, overlooking one of the most beautiful beaches in the region, would have tastefully furnished 325 rooms including Presidential and Deluxe suits and a range of fine restaurants offering unique dining experiences apart from a variety of leisure and wellness facilities. The hotel, set in a lush fully landscaped environment will ensure an idyllic holiday destination with all rooms having balconies overlooking the Arabian Sea. The design of the hotel seamlessly integrates with the curved beachfront location and boasts an unmistakable architectural theme which involves a fusion of Islamic, Moorish and local vernacular architecture.

RAK Power to provide sustainable and cost effective solutions for electricity generation

17 May 2007
RAK Power will deliver a mix of conventional and renewable power generation facilities that are both environmentally sustainable and energy efficient, solutions for RAK's major developments.
RAK Power LLC, is an independent power producer (IPP) licensed in the Emirate of Ras Al Khaimah to provide sustainable and cost effective solutions for Electricity Generation and related utility services to meet the requirements of the Emirate of RAK's growth strategy that spans Industry, Real Estate, Tourism and other sectors.

RAK unveils model of new AED 850 million theme park

23 April 2007
Ras Al Khaimah will soon have an AED 850 million mega theme park, billed to become the largest theme park in the UAE and featuring a host of unique attractions including the largest man-made waterfall in the world.
The theme park, being built under the patronage of H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, is promoted by Polo RAK Amusements LLC – a joint venture company between Polo Amusement Park Ltd. from India, RAK Investment Authority and RAK Properties.

WOW RAK would include two adjacent theme parks – Ice Land Water Park and Planet Earth Theme Park with a capacity to cater to 15,000 visitors per day, apart from a 12,000 sq. metre shopping mall and entertainment plaza and a Kabana resort. The water park would be ready for the public by May 2008 while the entire theme park would be completed in 24 months.

Ras Al Khaimah - Pure nature and gentle tourism

Endless sandy white beaches, mountains and a soaring economy.

You can locate Ras Al Khaimah (RAK) in the North Eastern part of the UAE – approachable in only 40 minutes driving time apart from Dubai on the newly constructed highway. The versatility of the emirate is underlined by the blue sea with its endless white beaches. In contrast to the other emirates RAK has a beautiful mountain scape called Hajjar Mountains which arise till 2500m over sea level. Approximately 250,000 inhabitants are living nowadays in the emirate.

The RAK emirate is planning to build its own tourism-infrastructure; an international airport already exists. In spite of the never ending gigantism of Dubai, Ras Al Khaimah is supposed to realise a more decent and “gentle” tourism. Beside new holiday resorts and several mansion districts, the theme “sports” is also of great significance.

The government of Ras Al Khaimah attaches great importance to the history and culture of their country. That is the reason why the Julfar Port from the 7th century is still playing a significant role. Even the situation of adult education and academic affairs of the youth has improved essentially by building well-equipped schools and educational facilities.

Regatta when she also set the, as yet, unbeaten record time for 360 nautical mile off shore course of just over 51 hours.