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The project is being developed on Jebel Jais, the UAE's highest peak.
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The project is expected to help transform the emirate into the region's leading destination for adventure tourism.
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Toro Verde, the operator of the current longest zip line in the world, has signed on to build, operate, and maintain the project.
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In addition to the zip line, the project includes a dedicated VIP lounge and a welcome centre.
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RAKTDA's zip line adventure project will consist of three phases, with Phase 1 scheduled for delivery in December 2017.
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The value of Phase 1 is estimated at $2m to $3m.
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The actual length of the zip line has not been released, but it will be longer than 28 football fields, according to RAKTDA.
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Phases 2 and 3 are expected to be ready by May and December 2018, respectively.
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The zip line will serve as Ras Al Khaimah's main flagship tourism product, said RAKTDA.