ALEC's new CEO, Barry Lewis, expressed enthusiasm for the $3.9 billion project, anticipating that it will significantly boost economic growth in various sectors within the emirate of Ras Al Khaimah.

Speaking to Arabian Business, Lewis highlighted ALEC's strategic positioning to tap into and benefit from emerging opportunities not just within the UAE, but also across the broader GCC region.

The announcement carries particular significance as ALEC holds the main construction contract for the Wynn gaming resort, signaling its crucial role in shaping the project and, by extension, the economic prospects of the region.