Latest news with #RAKCentral
Mid East Info
10-07-2025
- Business
- Mid East Info
Major Developers Expands into RAK Central with Strategic Land Acquisition - Middle East Business News and Information
Move comes as RAK Central rapidly emerges as Ras Al Khaimah's leading hub for business and investment Ras Al Khaimah, UAE,July 2025: Major Developers announced the acquisition of a prime land parcel in RAK Central, Ras Al Khaimah's new commercial and administrative hub. The move marks a significant milestone in the company's expansion strategy and underscores its commitment to supporting the emirate's infrastructure-driven ambitions under RAK Vision 2030, Ras Al Khaimah's strategic framework to achieve sustainable, diversified, and globally competitive growth. 'With RAK Central, we've created a mega-development that is structurally aligned with regional growth, global investment patterns, and national diversification goals. Major Developers' decision to invest in this multi-use destination is a testament to Ras Al Khaimah's growing clout as a durable economic engine driving further progress. We welcome their participation in the evolution of RAK Central and look forward to a landmark addition to its evolving identity,' said Abdulla Al Abdouli, Chief Executive Officer, Marjan. 'RAK Central represents a high-potential economic zone, and we see it as a natural extension of our growth strategy,' said Andrei Charapenak, CEO, Major Developers. 'Every square foot we develop is driven by precision, performance, and investor confidence. This project enables us to deploy our design-led construction, financial foresight, and value-oriented execution in a district that reflects these very principles. Ras Al Khaimah's infrastructure-first vision aligns seamlessly with our commitment to long-term capital appreciation, global partnerships, and regionally impactful development.' Building on the success of its flagship Manta Bay development at Al Marjan Island, Major Developers is now extending its hallmark approach to RAK Central. This strategic acquisition further deepens the company's alignment with the emirate's long-term economic transformation and reflects a growing partnership with Ras Al Khaimah. RAK Central stands out as a high-potential investment zone, offering 100% foreign ownership, low corporate taxation, and a future-ready master plan. Anchored in a 'Work–Live–Play' philosophy, the district is designed to attract regional headquarters, business expansions, and commercial operations through its integrated infrastructure and investor-friendly ecosystem. The RAK Central master plan includes: Three million sq. ft. of rentable office space 4,000 residential apartments Four hotels offering 1,000+ keys Extensive parks, green spaces, and pedestrian zones Retail and entertainment precincts Over 1,000 visitor parking spaces across interconnected buildings Development is already underway on RAK Central HQ, which will serve as the district's primary business complex and anchor the wider commercial offering. Major Developers identifies RAK Central as a focal point for investors seeking credible returns within a stable, growth-oriented ecosystem. The district's diverse master plan positions it as a magnet for regional headquarters, business expansions, and commercial activity. All aspects of Major Developers' upcoming project in RAK Central will be guided by its founding principles: uncompromising quality, data-informed execution, and outcomes measured by long-term asset performance. From architectural identity to operational delivery, the project aims to raise the standard for real estate in the emirate. With construction already underway at RAK Central HQ, Major Developers' entry is set to accelerate RAK Central's emergence as the emirate's premier destination for business, investment, and high-performance real estate.
Khaleej Times
10-07-2025
- Business
- Khaleej Times
Major Developers expands into RAK Central with strategic land acquisition
Major Developers announced the acquisition of a prime land parcel in RAK Central, Ras Al Khaimah's new commercial and administrative hub. The move marks a significant milestone in the company's expansion strategy and underscores its commitment to supporting the emirate's infrastructure-driven ambitions under RAK Vision 2030, Ras Al Khaimah's strategic framework to achieve sustainable, diversified, and globally competitive growth. 'With RAK Central, we've created a mega-development that is structurally aligned with regional growth, global investment patterns, and national diversification goals. Major Developers' decision to invest in this multi-use destination is a testament to Ras Al Khaimah's growing clout as a durable economic engine driving further progress. We welcome their participation in the evolution of RAK Central and look forward to a landmark addition to its evolving identity,' said Abdulla Al Abdouli, Chief Executive Officer, Marjan. 'RAK Central represents a high-potential economic zone, and we see it as a natural extension of our growth strategy,' said Andrei Charapenak, CEO, Major Developers. 'Every square foot we develop is driven by precision, performance, and investor confidence. This project enables us to deploy our design-led construction, financial foresight, and value-oriented execution in a district that reflects these very principles. Ras Al Khaimah's infrastructure-first vision aligns seamlessly with our commitment to long-term capital appreciation, global partnerships, and regionally impactful development.' Building on the success of its flagship Manta Bay development at Al Marjan Island, Major Developers is now extending its hallmark approach to RAK Central. This strategic acquisition further deepens the company's alignment with the emirate's long-term economic transformation and reflects a growing partnership with Ras Al Khaimah. RAK Central stands out as a high-potential investment zone, offering 100% foreign ownership, low corporate taxation, and a future-ready master plan. Anchored in a 'Work–Live–Play' philosophy, the district is designed to attract regional headquarters, business expansions, and commercial operations through its integrated infrastructure and investor-friendly ecosystem. The RAK Central master plan includes: • Three million sq. ft. of rentable office space • 4,000 residential apartments • Four hotels offering 1,000+ keys • Extensive parks, green spaces, and pedestrian zones • Retail and entertainment precincts • Over 1,000 visitor parking spaces across interconnected buildings Development is already underway on RAK Central HQ, which will serve as the district's primary business complex and anchor the wider commercial offering. Major Developers identifies RAK Central as a focal point for investors seeking credible returns within a stable, growth-oriented ecosystem. The district's diverse master plan positions it as a magnet for regional headquarters, business expansions, and commercial activity. With construction already underway at RAK Central HQ, Major Developers' entry is set to accelerate RAK Central's emergence as the emirate's premier destination for business, investment, and high-performance real estate.
ME Construction
10-07-2025
- Business
- ME Construction
Major Developers expands into RAK Central with land acquisition deal
Construction Major Developers expands into RAK Central with land acquisition deal By With construction already underway at RAK Central HQ, Major Developers' entry is poised to accelerate RAK Central's emergence as the emirate's premier destination Developer Major Developers said that it has made a significant acquisition by purchasing a prime land parcel in RAK Central, Ras Al Khaimah's new commercial and administrative hub. This move holds immense importance as it marks a milestone in the company's expansion strategy, the firm said. The move also underscores the company's commitment to supporting the emirate's ambitious infrastructure-driven goals outlined in RAK Vision 2030. This framework serves as Ras Al Khaimah's roadmap to achieving sustainable, diversified, and globally competitive growth, the developer said. 'With RAK Central, we've created a mega-development that is structurally aligned with regional growth, global investment patterns, and national diversification goals. Major Developers' decision to invest in this multi-use destination is a testament to Ras Al Khaimah's growing clout as a durable economic engine driving further progress. We welcome their participation in the evolution of RAK Central and look forward to a landmark addition to its evolving identity,' said Abdulla Al Abdouli, Chief Executive Officer, Marjan. 'RAK Central represents a high-potential economic zone, and we see it as a natural extension of our growth strategy. Every square foot we develop is driven by precision, performance, and investor confidence. This project enables us to deploy our design-led construction, financial foresight, and value-oriented execution in a district that reflects these very principles. Ras Al Khaimah's infrastructure-first vision aligns seamlessly with our commitment to long-term capital appreciation, global partnerships, and regionally impactful development,' added Andrei Charapenak, CEO, Major Developers. RAK Central will be offering 100% foreign ownership, low corporate taxation, and a future-ready master plan. Anchored in a 'Work–Live–Play' philosophy, the district is designed to attract regional headquarters, business expansions, and commercial operations through its integrated infrastructure and investor-friendly ecosystem. The RAK Central master plan includes 3m sqft of rentable office space, 4,000 residential apartments, four hotels offering over 1,000 keys, parks, green spaces, pedestrian zones, retail and entertainment, and over 1,000 visitor parking spaces across interconnected buildings. Development is already underway on RAK Central HQ, which will serve as the district's primary business complex and anchor the wider commercial offering, said the statement. Major Developers said that it identifies RAK Central as a focal point for investors seeking credible returns within a stable, growth-oriented ecosystem. All aspects of Major Developers' upcoming project in RAK Central will be guided by its founding principles- uncompromising quality, data-informed execution, and outcomes measured by long-term asset performance. From architectural identity to operational delivery, the project aims to raise the standard for real estate in the emirate.
Zawya
09-07-2025
- Business
- Zawya
Major Developers expands into RAK Central with strategic land acquisition
Ras Al Khaimah, UAE: Major Developers announced the acquisition of a prime land parcel in RAK Central, Ras Al Khaimah's new commercial and administrative hub. The move marks a significant milestone in the company's expansion strategy and underscores its commitment to supporting the emirate's infrastructure-driven ambitions under RAK Vision 2030, Ras Al Khaimah's strategic framework to achieve sustainable, diversified, and globally competitive growth. 'With RAK Central, we've created a mega-development that is structurally aligned with regional growth, global investment patterns, and national diversification goals. Major Developers' decision to invest in this multi-use destination is a testament to Ras Al Khaimah's growing clout as a durable economic engine driving further progress. We welcome their participation in the evolution of RAK Central and look forward to a landmark addition to its evolving identity,' said Abdulla Al Abdouli, Chief Executive Officer, Marjan. 'RAK Central represents a high-potential economic zone, and we see it as a natural extension of our growth strategy,' said Andrei Charapenak, CEO, Major Developers. 'Every square foot we develop is driven by precision, performance, and investor confidence. This project enables us to deploy our design-led construction, financial foresight, and value-oriented execution in a district that reflects these very principles. Ras Al Khaimah's infrastructure-first vision aligns seamlessly with our commitment to long-term capital appreciation, global partnerships, and regionally impactful development.' Building on the success of its flagship Manta Bay development at Al Marjan Island, Major Developers is now extending its hallmark approach to RAK Central. This strategic acquisition further deepens the company's alignment with the emirate's long-term economic transformation and reflects a growing partnership with Ras Al Khaimah. RAK Central stands out as a high-potential investment zone, offering 100% foreign ownership, low corporate taxation, and a future-ready master plan. Anchored in a 'Work–Live–Play' philosophy, the district is designed to attract regional headquarters, business expansions, and commercial operations through its integrated infrastructure and investor-friendly ecosystem. The RAK Central master plan includes: Three million sq. ft. of rentable office space 4,000 residential apartments Four hotels offering 1,000+ keys Extensive parks, green spaces, and pedestrian zones Retail and entertainment precincts Over 1,000 visitor parking spaces across interconnected buildings Development is already underway on RAK Central HQ, which will serve as the district's primary business complex and anchor the wider commercial offering. Major Developers identifies RAK Central as a focal point for investors seeking credible returns within a stable, growth-oriented ecosystem. The district's diverse master plan positions it as a magnet for regional headquarters, business expansions, and commercial activity. All aspects of Major Developers' upcoming project in RAK Central will be guided by its founding principles: uncompromising quality, data-informed execution, and outcomes measured by long-term asset performance. From architectural identity to operational delivery, the project aims to raise the standard for real estate in the emirate. With construction already underway at RAK Central HQ, Major Developers' entry is set to accelerate RAK Central's emergence as the emirate's premier destination for business, investment, and high-performance real estate.
Zawya
03-07-2025
- Business
- Zawya
Major acquires prime plot at mega RAK commercial development
UAE-based Major Developers has entered into a deal with Marjan, the master developer of freehold properties in Ras Al Khaimah, to acquire a prime plot of land at its mega commercial development - RAK Central. As per the agreement, Major will be developing a mixed-use project at the RAK Central site with a built-up area of 265,000 sq ft. The entire work will be completed by Q4 2028. This marks Major Developers' second venture in Ras Al Khaimah thus reinforcing their commitment to the northern emirate's high-growth commercial and investment ecosystem, said senior company officials at the signing ceremony held at the Mövenpick Resort Al Marjan Island. Following the successful launch of their flagship project, Manta Bay at Al Marjan Island, this latest venture underscores Major's continued confidence in the emirate's economic vision and its infrastructure-driven approach to sustainable growth, they stated. Speaking on the occasion, Marjan CEO Abdulla Al Abdouli said: "With RAK Central, we've created a mega development that is structurally aligned with regional growth, global investment patterns, and national diversification goals." RAK Central is a meticulously planned business district designed to be the commercial nucleus of Ras Al Khaimah, offering rare investment fundamentals: 100% foreign ownership, low taxation, and high yield potential. Its strategic location and smart design make it one of the most compelling investment zones in the region. Grounded in a 'Work–Live–Play' philosophy, the district combines institutional infrastructure with human-centric planning to create a cohesive urban ecosystem, stated Al Abdouli. "Major Developers' decision to invest in this multi-use destination is testament to Ras Al Khaimah's growing clout as a durable economic engine driving further progress. We welcome their participation in the evolution of RAK Central and look forward to a landmark addition to its evolving identity," he added. Major Developers CEO Andrei Charapenak said: "RAK Central represents a uniquely calibrated convergence of foresight, infrastructure, and regional alignment. As such we are excited to drive Ras Al Khaimah's growth narrative through this multi-dimensional new project that is set to shape one of the UAE's most profitable and forward-thinking economic hubs." "We look forward to further driving this visionary project through our landmark architecture, experience, and performance," he added. RAK Central masterplan offers three million sq ft of rentable office space, more than 4,000 residential apartments, four hotels with a capacity surpassing 1,000 keys, multiple parks and green spaces in addition to various retail and entertainment facilities and several interconnected buildings with over 1,000 parking spaces for visitors. Work on RAK Central HQ, which will serve as the main business complex, is currently underway and expected to be completed in the first quarter of 2027. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
