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Kool Kat
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rakeen announces the development of Ras Al Khaimah Financial City


rakeen, the leading developer in Ras Al Khaimah, under the patronage of His Highness Sheikh Saud Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, has announced that it is to develop an iconic Financial City in the emirate.



Dr Imad Haffar, Chief Operating Officer of rakeen.


The development, which will be named Ras Al Khaimah Financial City is the hub of RAK Offshore project currently under development by the RAK Investment Authority, RAKIA. The city will consist of 12 cutting-edge designed towers and is set to facilitate the emirate's growth by acting as a regional financial centre.

The RAK Offshore project is the new center for financial operations of the regional business community that will offer financial, legal, logistic and insurance services in a free zone environment. RAK Offshore will be owned by Ras Al Khaimah Investment Authority and will facilitate the operational and legislative requirements of the burgeoning emirate.

Meanwhile, the development will be an example of best practice and cutting edge architecture in the United Arab Emirates, with the appointment of Hey Detina, the renowned, forward thinking New York architect. The pioneering design of Ras Al Khaimah Financial City will lead to the establishment of an icon for the emirate and a modern, functional complex for business and legislation.

'The development will be a landmark on the coastline of the Arabian Gulf and its design is something rakeen is very proud of. However, it is also crucial that Ras Al Khaimah has a centre of financial strength that will further instigate the growth of the emirate and we are adamant that is what RAK Financial City will do,' said Dr Khater Massaad, Executive Chairman of rakeen.

Ras Al Khaimah Financial City has been designed to provide a masterpiece with genuine modern-day offerings that ensure leading and efficient business activities. In tandem with the state-of-the-art facilities and latest amenities, Ras Al Khaimah Financial City will be a vibrant and dynamic urban space complimented by nature allowing the centre to also act as a major tourist attraction.

'The architectural expression is a sensitive portrayal of organic curvilinear form. The structures will be in harmony with the natural elements blending the natural surrounding elements with technical advancement. The towers will represent a gateway to the future of an iconic financial destination,' added Dr Khater Massaad, Executive Chairman of rakeen.
 

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The project itself is not that bad.Located exactly opposite of al hamra village with views of the golf course and the lagoon.The models on the other hand could have been made better but that should not overshadow the real project.
 

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Keep on building!
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Nice work Cartographer. (Did you create these images yourself?) Those towers do look a bit funny, but if juxtaposed against the Al Hamra development it creates a rather interesting quasi urban setting. I wonder, however, how RAK can successfully pull off such a venture. What will be the incentive for establishing any sort of financial base there when Dubai is only 45 minutes away by car, and Qatar and Bahrain's centers are equally close by plane. Grant it, Dubai is getting expensive, but I wonder is that enough reason to bypass Dubai and locate in RAK?
 

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Thank u.Images are mine I assure u .My experiments with photoshop :) .well the towers r not residential but will house the rak offshore(commercial) an offshoot of rak investmnet authority,also with the free zone behind and the hamra resort in front they may actually realize in the coming years+cheaper prices and excellent location on main road....rak has proved that it can built medium sized buildings in this relatively remote area(oceanea and future royal breeze),lets see if they can get away with this one....
 
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