Arabian Opportunities 2 to invest 300 million euros in freehold properties in Ras Al Khaimah
Arabian Opportunities 2, a Hamburg based Property Fund, has opened its branch in a Free Zone managed by the RAK Investment Authority with a view to invest in real estate opportunities in Freehold Areas that are coming up in Ras Al Khaimah.
Nearly 300 million euros is being collected from investors in
Arabian Opportunities 2 RAK Branch which was registered in the RAK Investment Authority Free Zone is managed by Markus Müller (43, Banker and Insurance Manager ) and Markus Wagner (34, Grad. Business Administrator, M.A. hons.)
• There is a master plan in place for Ras Al Khaimah and the growth is planned. Infrastructural problems are not likely and there are plenty of freehold properties in the master-plan to accommodate foreign investor interest. The Marjan Island Gateway City
The Wagners have also been encouraged by the trust reposed in them by the RAK Investment Authority.Dr Massaad has signed an MOU with the Wagners to promote Ras Al Khaimah as a destination for tourism and investments in the city of Hamburg Lubeck
This project was my baby and my experience in handling Merril Lynch while at JWT came in very handy. What clinched this deal was the element of trust they had in us and the fact that we were able to understand the nuances of funds and international law. It also helped us get a base in Germany which is an important tourism market for us. ALIVE WITH POSSIBILITIES An article from the FDI Magazine.
The once sleepy northern emirate of Ras Al Khaimah is bursting into life with a wealth of upscale leisure and commercial facilities in the pipeline.
The northern emirate, the seventh to join the UAE, which is zipping along with an annual growth of 4.4% GDP, is embarking on a massive tourism-oriented building plan that includes significant residential and commercial components. Everything from an ambitious spaceport to enormous theme parks and a 12-kilometre (km) ski slope are looming on the horizon, as the government aims to secure a larger slice of the United Arab Emirates (UAE) tourism cake.
The commercial real estate sector is also stirring into life with a spate of big deals hatched this year. Mirage Holdings FZCO, a Hollywood-based film production firm, will set up and operate Film and Media City Emirates Highway
Businessman Sultan Ali Lakhani has invested Dh150m in a television port and up-linking facility, which is attracting audio and film studios and news agencies.
Ends
The last two media projects were on my initiative and a direct result of my efforts. It came about through diligent one to one selling and follow up. In the case of Sultan Ali, we got him to cancel his investment in another Emirate and come to RAK. This was prompted by the kind of location we offered him and the fact that we understood the media business completely.
In the case of Mirage FZCO, too the selling point was that we understood the media business and were quick to react. The whole process of identifying the land and completing the lease and legal formalities hardly took 4 working days!!
VARIETY has carried a news report on this project:
CLICK ON THIS http://www.variety.com/article/VR1117948006.html
VARIETY has carried a news report on this project:
CLICK ON THIS http://www.variety.com/article/VR1117948006.html
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