Wynn Resort to Fuel Ras Al Khaimah’s Growth Engine

According to ratings agency Fitch, Wynn Resorts’ US$4 billion investment is anticipated to improve Ras Al Khaimah’s long-term economic prospects.

The first-ever integrated resort development in the United Arab Emirates, the development on Al Marjan Island is set to open in 2027 and will have a lavish hotel, casino, upscale shopping, and entertainment areas.

Although a sizeable portion of Ras Al Khaimah’s GDP comes from the initial investment, Fitch anticipates long-term growth and increased fiscal revenue.

Two state-owned companies support the project, indicating the Emirate’s strong commitment. Wynn Resorts is showing its faith in the potential of the area by investing around US$1 billion in the development.

Ras Al Khaimah’s excellent credit rating was confirmed by Fitch, which cited the UAE membership and its prudent financial management.

With its potential for investment and tourism, this top-notch resort sets the Emirate up for success in the future.

Original Story by: Inside Asian Gaming