FAM Holding, a conglomerate of business solutions, said it purchased a plot of land for a new project in Ras Al Khaimah, Invest-Gate reports.

The company acquired a 126,000 square foot plot on Al Marjan Island to develop Al Mahra Resort, scheduled for opening in 2021.

The resort will boast 548 guest rooms, food and beverage outlets, as well as meeting rooms, swimming pool, wellness club, spa and gym.

The resort will also contain over 5,500 square feet of retail, and provides access to the private beach equipped with cabanas and water sports.