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Another emirate in the UAE wants to be a haven for billionaires
Ras Al Khaimah looks to lure the rich from around the world
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Beachgoers swimming against the backdrop of the Rixos Bab Al Bahr hotel on Al Marjan Island in Ras Al Khaimah, UAE, on June 25, 2023.
PHOTO: BLOOMBERG
Ben Bartenstein and Alexander Sazonov
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From the top of the RAK International Corporate Centre (ICC), foreign tycoons can catch a glimpse of a city transforming.
A long stretch of desert lies towards the north. Luxury villas dot the Persian Gulf coast to the west. A few kilometres away, Las Vegas-based Wynn Resorts is planning a project that it says is intended to be a US$3.9 billion (S$5.2 billion) gaming resort.
