Tag Archives: Dubai Investments

Dubai Investments has signed a deal with Millennium Hotels & Resorts, a global hotel group to open ‘Grand Millennium Resort, Danah Bay, the Group’s latest flagship freehold project in the UAE, located at the heart of the Marjan Island. The deal was signed by Khalid Bin Kalban, Vice Chairman and CEO, Dubai Investments and Fahad Abdulrahim Kazim, CEO of Millennium Hotels & Resorts, Middle East & Africa. The hotel will be operated under the Grand Millennium brand, with 300 rooms and positioned as an upper upscale resort with exciting specialty dining options and a host of beach recreational facilities, designed to deliver an enriching resort-style experience in Ras Al Khaimah. “The tourism sector in Ras Al Khaimah has been enjoying a period of growth and profitability and has chalked out several ambitious plans to continue the growth of this sector. Over the years, Dubai Investments has maintained a healthy portfolio of hotel projects through its mixed-use developments and the inclusion of Grand Millennium Resort – Danah Bay is another perfect addition. Positioned among the list of  promising hotel projects that will benefit from the mixed-use development features and the ideal location of the project, the upcoming hotel will optimally leverage the growth phase of Ras Al Khaimah especially in meeting accommodation needs, with a particular focus on the luxury travel and the MICE segments, ”said Khalid Bin Kalban, Vice Chairman and CEO, Dubai Investments. Fahad Abdulrahim Kazim added; “We are delighted to extend our relationship with our esteemed partners Dubai Investments. This signing comes as part of our ambitious development plans in the region, with a focus on expanding in key locations and growing our resort portfolio. We are also …

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