Wynn Resorts issued a statement overnight confirming that construction on its US$5.1 billion Wynn Al Marjan Island integrated resort project in the United Arab Emirates (UAE) has resumed following a brief pause due to the conflict in Iran.
The company said it continues to be in regular communication with the governments of the United States and Ras Al Khaimah so it can make informed decisions and believes the “broad defense posture” of the UAE has worked extremely well.
“We have confidence in the UAE’s ability to keep its population safe,” it stated.
“We note that for broad segments of the local population, business continues to follow normal patterns. Our project construction has resumed following a short pause. Steps have been taken to ensure the safety and security of all employees working on site.
“The Wynn Design and Development team overseeing the construction, architecture, and design of project, and the resort executive team leading operational strategy and planning, have been able to continue their work in a consistent manner.
“Wynn employees have been offered the opportunity to work from abroad, if their home embassy recommends they do so.
We will continue to closely monitor the situation; any additional impacts on the project will be assessed in due course. The company thanks its employees and the construction teams in the UAE for their truly remarkable commitment and professionalism during this extraordinary time.”
The UAE has been a central target of Iran since its conflict with the US and Israel began almost two weeks ago, mainly because of its important role in the global economic system.
Media outlet CNN reported this week that the UAE has been targeted more than any other Gulf nation with more than 1,700 missiles and drones having been fired since the war began. More than 90% of those have been brought down by interceptors, fighter jets and helicopters.
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