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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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