Marjan completed the merger with RAK Hospitality Holding.

Marjan, a freehold development company of hospitality, commercial, residential and mixed-use projects across the Ras Al Khaimah Emirate, completed the merger with RAK Hospitality Holding, the government-owned investment and development arm in the Emirate of Ras Al Khaimah. Financial terms were not disclosed. “RAK Vision 2030 has set the Emirate’s ambition to be a pioneer in the region for livability and a place where opportunities thrive. Anchored in this vision, the merger will create high-value jobs for Emiratis, develop national capabilities, and reinforce our position as a beacon of opportunity and innovation. Together, we are positioned to build thriving communities that bring the Emirate’s bold vision for sustainable prosperity to life,” H.H. Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Marjan Chairman.