US-based Wynn resorts said on 11 March that site activity on its resort project on Ras Al-Khaimah’s Al-Marjan Island has restarted after work was temporarily halted. New measures are in place to ensure the safety and security of the workforce. 

“Wynn employees have been offered the opportunity to work from abroad, if their home embassy recommends they do so,” the company added.

The $5.1bn project involves the construction of an integrated resort with 1,500 rooms, high-end shopping, Mice venues, and the UAE's first confirmed gaming area. It is scheduled to open in spring 2027.

The 70-floor 283-metre-tall main structure was topped out in December 2025.

Financially, Wynn Resorts holds a 40% equity stake in the joint venture development company alongside local partners Marjan and RAK Hospitality Holding. Wynn reported in late 2025 that about two-thirds of the project’s budget had already been spent or contractually committed, which provides a degree of protection against fluctuating material costs.

In 2025, Wynn Resort said it had secured a $2.4bn construction facility to finance the development of the project. In a statement at the time, Wynn said the financing is the largest hospitality financing transaction in UAE history. The loan, available to Wynn Al-Marjan Island FZ-LLC – a subsidiary of the 40%-owned joint venture – is denominated in both AED and US dollars.

Structured as a delayed draw facility, the seven-year term loan offers competitive market interest rates and substantial financial flexibility for the joint-venture partners.

The syndicate includes prominent regional and international banks, with Abu Dhabi Commercial Bank and Deutsche Bank serving as joint coordinators. The joint coordinators, along with First Abu Dhabi Bank, Emirates NBD Capital and the National Bank of Ras Al-Khaimah, acted as mandated lead arrangers, bookrunners and underwriters, and Sumitomo Mitsui Banking Corporation acted as lead arranger. First Abu Dhabi Bank is also the agent and security agent for the lenders.

Dubai-based Alec was appointed as the project’s main contractor in 2023. Earlier in March, Alec said it has resumed on-site and in-office operations across its UAE projects from 4 March.

In a statement, the company said that it is working closely with clients to ensure a prompt and safe return to full-scale activity.

The move follows a temporary work-from-home policy introduced across the company’s UAE operations in response to ongoing events, as Alec Holdings reaffirmed its commitment to protecting its workforce while continuing to deliver in clients’ best interests.

During the same period, the company said its operations in Saudi Arabia remained fully operational.