Atara Development has officially broken ground on The Residences at Sheraton Al Marjan Island Resort in Ras Al Khaimah, marking a major milestone for the GCC’s first Sheraton Residences. On completion, it will feature 159 premium beachfront units offering access to over 50 world-class amenities.
The GCC region witnessed the launch of 40 initial public offerings (IPOs) in 2025 that raised a total of $5.1 billion in proceeds, said a report. Saudi Arabia led the region raising a total of $4.1 billion, which constituted 79% of the total GCC IPO proceeds during the year.
