RAK set for $400mn tower

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Rakeen is to invest US $400 million (AED 1.5 billion) in construction of a flagship convention, exhibition and hotel complex.

Ras Al Khaimah-based developer Rakeen unveiled its US $400 million (AED 1.5 billion) RAK Convention & Exhibition Centre on day one of the Arabian Travel Market 2008 (ATM) in Dubai.

The mixed-use project will be constructed using technologically advanced ceramics that have been developed by RAK Ceramics.

The project will take 30 months to complete and a contract award is expected to be made in the fourth quarter of this year, according to a company spokesperson.

Imad Haffar, chief operating officer of Rakeen, said: "We're thrilled to be revealing this cutting-edge and environmentally-friendly project at ATM. Our model provides an excellent visual insight into what will be a landmark for the emirate of Ras Al Khaimah, designed by architects Snohetta International.

"We're very proud to confirm that we are building around nature and not on top of it. The entire structure of the RAK Convention & Exhibition Centre will be set directly onto the natural land contours, without any disturbance to the surroundings. We're keen to retain as much of the original area as possible, thus maintaining the majestic beauty of the sand dunes."

The RAK Convention & Exhibition Centre will comprise 50,000m² of rentable area and five exhibition halls, each with of between 400 and 600 seats. Hall 1 can be transformed into a 4,000-seat congress hall.

There will also be three hotels, each with 750 rooms. The project will also include a shopping mall consisting of three floors, seven cinema screens, a food court, restaurants and cafes.

Rakeen was established in April 2006 as the land master planner and developer responsible for property development in RAK.

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