Ras Al Khaimah RAK Emirate to develop US$ 1 billion Real Madrid Theme Park

Sheikh Saud bin Saqr Al Qasimi, ruler of Ras Al Khaimah RAK Emirate (UAE), will be joined by Real Madrid president Florentino Perez and Zinedine Zidane, the club’s director of football at a press conference to launch the US$ 1 billion REAL MADRID Theme Park to be developed in RAK.

The 430,000 sq m investment project will include a theme park, the first stadium open to the sea, a Real Madrid museum, numerous sports facilities, a sport port, a residential area and luxury hotels, state news agency WAM reported. Earlier this week, Real Madrid announced plans for the resort which is scheduled to open in 2015.

The resort will be the first tourism complex built under the Real Madrid trademark. The news is a coup for Ras Al Khaimah, which sees tourism as a vital contributor to its GDP. In November last year, the emirate set up the Ras Al Khaimah Hospitality Group, which will aim to help achieve the target of having 10,000 hotel rooms by 2016.

adapted from ArabianBusiness.Com