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Fam Holding Acquires A 126,000 Square Foot Plot At Al Marjan Island

Ras Al Khaimah, UAE, September 11, 2017: FAM Holding, a leading conglomerate of business solutions across a number of industries in the region, has acquired a 126,000 square foot plot on Al Marjan Island in Ras Al Khaimah to develop Al Mahra Resort. The new property is scheduled to open in 2021. Al Marjan Island is one of the region’s leading destinations for investments. Home to some of the most sought-after properties in the world, the island continues to add several resort choices ranging from established brands to newcomers. The prolific property to be developed by FAM Holding is a 45 minute drive from Dubai. With 548 guest rooms, food and beverage outlets including meeting rooms, swimming pool, wellness club, spa and gym, the upscale hotel is the perfect addition to Al Marjan Island’s scenic locale. Featuring contemporary designed elegant lobby and VIP check in areas, the swanky resort will be a modern oasis with an unrivalled sense of clean, sophisticated style and comfort. Additionally, Al Mahra will offer a unique spaceship for kids. Children can enjoy and explore a range of activities in a specially designed environment comprising of play activities as kids pool, kids zone, kids club, play station and other gaming facilities. “At FAM Holdings, we’ve been moving forward aggressively on varied fronts to capitalise on solid growth opportunities, improve our operating efficiency, expand our global presence and sharpen our business portfolio’s focus on our core businesses,” said Dr. Faisal Ali Mousa, Chairman, FAM Holding. “The acquisition of plot on Al Marjan Island is a testament of our growth momentum and we look forward to developing Al Mahra. With diverse capacity and contemporary setting, the new development will not only meet the needs of residents and visitors of Al Marjan Island, but also help us in supporting Ras Al Khaimah’s vision as far as tourism is concerned,” added Dr. Faisal. The design of the hotel, which combines modernity and authenticity, is inspired by the surrounding nature of Ras Al Khaimah. The aim is innovative, which translates into design and function. The hotel will also offers high-quality integrated hospitality services provided by a professional and internationally experienced team ready to meet the requirements of the guests in every way. Additionally, the resort will also contain over 5,500 square feet of retail and provides access to the private beach equipped with cabanas and water sports, perfect to unwind and relax. “We are proud to have FAM Holding as one of our partners at Al Marjan Island. FAM Holding has been known for its specialist knowledge in property development and we’re confident that this partnership will be a stepping stone for further boosting our presence in the region,” said Architect Abdullah Al Abdooli, Managing Director of Al Marjan Island. “We look forward to a long and successful business relationship with FAM Holding and are confident that their presence will further position us as premium facilitators for world-class living and investments and help build a strong reputation for our legendary island,” added Architect Abdullah Al Abdooli. Construction of the new luxury project by FAM Holding is slated to begin in early 2017 and will be completed in 3 to 4 years. “FAM Holding is thrilled to be announcing our new project at Al Marjan Island, which is fast becoming the most-sought destination for residents, visitors and investors. The partnership with the island will add a new dimension of world-class hospitality to the tourism industry in the Emirate and is a significant indication of our expansion in the region. We’re confident that the new resort will gain good following from both foreign and domestic tourists, particularly because Al Marjan Island is become the destination hub for tourists from all over the world,” concluded Dr. Faisal. Ras Al Khaimah offers a rich history and culture, along with diverse landscapes including mountains, desert and stunning coastline. Tourism in the emirate is experiencing strong growth and has become a leading lifestyle and tourist destination within the UAE, on the back of improved direct air connectivity and a host of Government infrastructure developments.


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