Overseas visitors make up more than half of the tourists in Ras Al Khaimah. Photo: Ras Al Khaimah Tourism Development Authority
Overseas visitors make up more than half of the tourists in Ras Al Khaimah. Photo: Ras Al Khaimah Tourism Development Authority
Overseas visitors make up more than half of the tourists in Ras Al Khaimah. Photo: Ras Al Khaimah Tourism Development Authority
Overseas visitors make up more than half of the tourists in Ras Al Khaimah. Photo: Ras Al Khaimah Tourism Development Authority

Ras Al Khaimah welcomes record number of tourists in first half of 2023


Hayley Skirka
  • English
  • Arabic

Ras Al Khaimah has welcomed more visitors in the first six months of 2023 than in any other half-year in its history.

A record 600,000 tourists travelled to the northern emirate between January and June, according to the latest numbers from Ras Al Khaimah Tourism Development Authority.

Travellers are also spending more when they are in the emirate, as tourism-related revenue for the same period is up nearly 65 per cent.

International tourists have also rediscovered the emirate after the global pandemic, with overseas visitors making up more than half of all arrivals.

Raki Phillips, chief executive of Ras Al Khaimah Tourism Development Authority, said 2023 was “shaping up to be the emirate’s best year to date, with our first half results proving the efficacy of moving fast, staying relevant and just getting things done”.

Adventure, sustainability and pet-friendly fun

Ras Al Khaimah has made a name for itself as the adventure emirate. Photo: Highlander UAE
Ras Al Khaimah has made a name for itself as the adventure emirate. Photo: Highlander UAE

Famed for its Hajar Mountains, sandy coastlines and lush mangroves, Ras Al Khaimah has also made a name for itself as the adventure emirate.

It’s home to the world’s longest zipline and the UAE’s highest peak, Jebel Jais, which offers cliffside adventures across its 1,934-metre summit. It's also home to the first internationally certified multi-day hiking experience in the GCC.

The emirate is one of the most pet-friendly in the UAE. About 25 hotels, restaurants, outdoor parks and beaches are part of the Ras Al-K9 programme, meaning wadi walks, mountain hikes, beachside excursions, desert adventures and overnight stays are open to travellers and their four-legged friends.

Sustainability is another big focus for Ras Al Khaimah, and its tourism board is the first in the Middle East to be EarthCheck certified – meaning its approved by the world's leading scientific benchmarking certification and advisory group for sustainable travel and tourism.

More visitors are expected to venture to Ras Al Khaimah from Qatar and beyond later this year, as the emirate's international airport will welcome daily flights via Qatar Airways. And cruising, an industry still in its infancy in the northern emirate, looks set to grow with 14 luxury cruise calls confirmed for the coming season.

Ras Al Khaimah isn’t slowing down when it comes to tourism development. The emirate has plans to double its number of hotel rooms and has already announced a slew of openings.

Nobu, Anantara and Wynn Al Marjan Island set to open in RAK

Wynn Al Marjan Island will come with views of the Arabian Gulf. Photo: Wynn Resorts, Limited
Wynn Al Marjan Island will come with views of the Arabian Gulf. Photo: Wynn Resorts, Limited

Launches include Wynn Al Marjan Island, a multibillion-dollar resort from the Las Vegas operator that’s expected to open in 2027, bringing the first gaming area to the region.

Several other hotels will open on the emirate's Marjan Island, including a new Le Meridien property and eco-friendly Earth Shore in 2025, and Nobu Al Marjan Island from the luxury hotel brand headed by actor Robert De Niro, film producer Meir Teper and chef Nobu Matsuhisa in 2026.

Later this year, Anantara Mina Al Arab will open with Maldivian-style overwater villas and Sofitel will make its debut in the emirate via the Sofitel Al Hamra resort.

In the midst of all Ras Al Khaimah's development, one of its stalwart properties has closed its doors, albeit temporarily. Hilton’s Waldorf Astoria Ras Al Khaimah is no longer accepting reservations as it undergoes refurbishment.

“As part of our commitment to providing an exceptional hospitality experience for guests, Waldorf Astoria Ras Al Khaimah is undergoing a refurbishment program this summer. This program includes refurbishment of the rooms, F&B outlets and public areas, and we look forward to welcoming guests back to the property later this year," a spokesperson for the hotel told The National.

The 346-room beachfront hotel will remain closed until September 30.

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

LEAGUE CUP QUARTER-FINAL DRAW

Stoke City v Tottenham

Brentford v Newcastle United

Arsenal v Manchester City

Everton v Manchester United

All ties are to be played the week commencing December 21.

Sweet%20Tooth
%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3EJim%20Mickle%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EChristian%20Convery%2C%20Nonso%20Anozie%2C%20Adeel%20Akhtar%2C%20Stefania%20LaVie%20Owen%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
Tomb%20Raider%20I%E2%80%93III%20Remastered
%3Cp%3EDeveloper%3A%20Aspyr%0D%3Cbr%3EPublisher%3A%20Aspyr%0D%3Cbr%3EConsole%3A%20Nintendo%20Switch%2C%20PlayStation%204%26amp%3B5%2C%20PC%20and%20Xbox%20series%20X%2FS%0D%3Cbr%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Sreesanth's India bowling career

Tests 27, Wickets 87, Average 37.59, Best 5-40

ODIs 53, Wickets 75, Average 33.44, Best 6-55

T20Is 10, Wickets 7, Average 41.14, Best 2-12

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

MATCH INFO

Uefa Champions League quarter-final (first-leg score):

Juventus (1) v Ajax (1), Tuesday, 11pm UAE

Match will be shown on BeIN Sports

Major honours

ARSENAL

  • FA Cup - 2005

BARCELONA

  • La Liga - 2013
  • Copa del Rey - 2012
  • Fifa Club World Cup - 2011

CHELSEA

  • Premier League - 2015, 2017
  • FA Cup - 2018
  • League Cup - 2015

SPAIN

  • World Cup - 2010
  • European Championship - 2008, 2012
While you're here
Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

%20Ramez%20Gab%20Min%20El%20Akher
%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
Updated: August 10, 2023, 6:18 AM