RAS AL-KHAIMAH, UAE (Reuters) - A holiday resort in the United Arab Emirates that will use the brand of nine-times European soccer champions Real Madrid has yet to finalise its funding options to build the $1 billion (628 million pounds) complex, the project's chief executive said on Thursday.
The 50-hectare (124 acre) resort, which is to be built on an artificial island in the emirate of Ras al-Khaimah, is slated to open in January 2015. It will follow other audacious projects in nearby Dubai and Abu Dhabi, including the world's tallest tower, a Ferrari-branded theme park and man-made palm-shaped islands.
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