Ras Al-Khaimah: The Government is planning to build several mega-projects
The Government of Ras Al-Khaimah is in talks with several potential partners to build on the territory of the emirate's new mega-projects including a man-made island off the coast of the emirate.
According the publication of Russian Emirates infrastructural works in the project Al Marjan is an archipelago of artificial islands at the moment is nearing completion. Last week the developer Al Marjan Island Development put the project at Cityscape Global in order to find a partner for this project.
In 2012 the Spanish football club Real Madrid has signed a contract with the Government of Ras Al-
Khaimah for the construction of theme resort on a private island. On the island of planned Equipment stadium and the museum dedicated to this football club and jetties and high-end hotel. The construction of this ambitious project was to start in January 2015 but work on the project has not begun. In September 2013 the club Real Madrid canceled the construction of the project due to lack of funding.
Development company Al Marjan Island Development has announced the signing of an agreement with the Czech company that sells diamonds, Diamonds International Corporation, for the construction of the hotel cost 500 million dirhams (US $ 137 million) which will be equipped with 300 rooms, 340 apartments and 40 villas on the water.
