UAE-based Polo RAK Amusement has announced the opening of the Middle East’s largest water park in the emirate of Ras al-Khaimah. The $100m Iceland Water Park marks the first phase of the 125-acre WOW RAK Theme Park, which is scheduled for completion in 2012. The polar-themed park is managed by Polo RAK Amusement, a joint venture between India’s Polo Amusement Group, RAK Properties and RAK Investment Authority.