• Ras Al Khaimah Tourism Development Authority (RATKDA) said it would invest Dh500m to develop eco-tourism projects.
    Ras Al Khaimah Tourism Development Authority (RATKDA) said it would invest Dh500m to develop eco-tourism projects.
  • RATKDA unveiled a new vision and destination brand today at the Arabian Travel Market (ATM) 2021.
    RATKDA unveiled a new vision and destination brand today at the Arabian Travel Market (ATM) 2021.
  • A flying arch at Manar Mall will welcome the region's first 130-metre aerial structure composed of over 1.5 million knots and around 300 km of twine that will cause the wind to create a choreography of constantly changing shape and color. Courtesy RAKTDA
    A flying arch at Manar Mall will welcome the region's first 130-metre aerial structure composed of over 1.5 million knots and around 300 km of twine that will cause the wind to create a choreography of constantly changing shape and color. Courtesy RAKTDA
  • Balloon Base will have fixed hot air balloons that visitors can use to take in the beauty of Jebel Jais.
    Balloon Base will have fixed hot air balloons that visitors can use to take in the beauty of Jebel Jais.
  • Jais Wings will allow adventure seekers to paraglide from the top of Jebel Jais. It will be the region’s first dedicated paragliding site in the GCC. Courtesy RAKTDA
    Jais Wings will allow adventure seekers to paraglide from the top of Jebel Jais. It will be the region’s first dedicated paragliding site in the GCC. Courtesy RAKTDA
  • Ras Al Khaimah is set to host the first ‘Highlander’ hiking experience in the GCC in November 2021. Courtesy RAKTDA
    Ras Al Khaimah is set to host the first ‘Highlander’ hiking experience in the GCC in November 2021. Courtesy RAKTDA
  • Jais Wings will offer thrill seekers a paragliding experience from the top of Jebel Jais with landing pads near Saraya Islands and Al Rams. Courtesy RAKTDA
    Jais Wings will offer thrill seekers a paragliding experience from the top of Jebel Jais with landing pads near Saraya Islands and Al Rams. Courtesy RAKTDA
  • Cloud7 Camp at Jebel Jais will provide a taste of the glamping experience with 30 accommodation units built out of sustainable material. Courtesy RAKTDA
    Cloud7 Camp at Jebel Jais will provide a taste of the glamping experience with 30 accommodation units built out of sustainable material. Courtesy RAKTDA
  • Scallop Ranch at Al Hamra Marine will offer oyster/scallop diving, live cooking, family and kids’ experiences and cultural activations. RAKTDA
    Scallop Ranch at Al Hamra Marine will offer oyster/scallop diving, live cooking, family and kids’ experiences and cultural activations. RAKTDA
  • Saij, A Mantis Collection Mountain Lodge, that comprises of 35 luxury lodges. RAKTDA
    Saij, A Mantis Collection Mountain Lodge, that comprises of 35 luxury lodges. RAKTDA
  • Bear Grylls Camp at Ras Al Khaimah.
    Bear Grylls Camp at Ras Al Khaimah.
  • Luminaze at Manar Mall will also welcome an aesthetic and playful art installation based on a light maze. RAKTDA
    Luminaze at Manar Mall will also welcome an aesthetic and playful art installation based on a light maze. RAKTDA
  • Ras Al Khaimah is also strengthening its hospitality infrastructure through new hotels, such as the all-new Mövenpick Resort Al Marjan Island. RAKTDA
    Ras Al Khaimah is also strengthening its hospitality infrastructure through new hotels, such as the all-new Mövenpick Resort Al Marjan Island. RAKTDA

Arabian Travel Market: Ras Al Khaimah to invest Dh500m in 20 ecotourism destinations


Sarmad Khan
  • English
  • Arabic

Ras Al Khaimah is spending Dh500 million ($136.14m) on 20 sustainable tourism projects within the emirate as it looks to tap into global demand for eco-tourism, the head of its Tourism Development Authority said.

The investment – in partnership with RAK Hospitality Holding and the emirate's Chamber of Commerce and Industry – will be made over the next 24 months, Raki Phillips, chief executive of the authority, told The National on the sidelines of the Arabian Travel Market exhibition in Dubai on Sunday.

This will significantly increase the number of hotel rooms in the emirate.

“Right now, Ras Al Khaimah has about 6,700 keys and in the next year and half to two years, we are doubling that,” said Mr Phillips.

“This year alone, even though it is a pandemic year, we have several hotels that are opening.”

He said it was important for the emirate to continue investing in developing its tourism sector as demand remains robust despite pandemic-driven headwinds.

“Pre-pandemic, we had more than 1.1 million tourists that came to RAK ... 70 per cent of those were international and the rest domestic,” said Mr Phillips.

Although there was a 75 per cent global fall in international tourism numbers last year, “our decline was just about 25 per cent, so really it is a third of the global average”, he said, quoting UN World Travel Organisation data.

The potential of cultural and nature projects will continue to grow and the emirate is nowhere close to the capacity it wants to achieve in terms of tourism numbers, said Mr Phillips. Last year, 800,000 people visited Ras Al Khaimah. The emirate plans to increase this to more than 900,000 this year.

“We have a lot more to offer,” he said.

In terms of priorities, the emirate will invest in projects that are sustainable. It will assess the situation and then determine the scale of further investments, said Mr Phillips.

In its latest round, the authority is developing several projects at Jebel Jais, the UAE’s highest peak. They include Earth Hotels Altitude, an eco-based pop-up establishment, as well as mountain lodges, a camping site, a food and beverage village, dedicated paragliding pads and a base for hot air balloons.

It is also developing a large beachfront project by Marjan with a marine district and a Scallop Ranch that will offer oysters and diving packages.

Ras Al Khaimah has the world’s longest zip line, 64 kilometres of coastline, adventure tourism offerings and heritage sites such as Al Jazirah Al Hamra. It has traditionally been popular with UAE residents and visitors from the Commonwealth of Independent States.

Ras Al Khaimah expects the border closure with India – a key source market that is battling a second coronavirus wave – to affect its tourism sector this year. However, it is still “too early” to say how big the impact would be, said Mr Phillips.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer